FINANCIAL ICEBERG
Always consider hidden risks
TECHNICALS
US Technical Charts Potpourri
July 30 2017 ( From TradingView, CNN Money )
July 30 2017 ( From TradingView, CNN Money )
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The SP500 Index behavior of the past 6 weeks is in fact hiding a quite
interesting pattern; weak Consumer Staples and Industrial and a strong
Health Care and Material sectors.
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) New High Ever and Into a Weekly Rising
Wedge Technical Pattern.. (See first chart below - Channel + Red trendlines)
2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3591 US Stocks
(Total Market Index) is still testing the previous Weekly breakout Trendline
from April 2016.(See second chart below - Top Grey Trendline). Into Rising Wedge.
3) QQQ ETF (NASDAQ - 100 Index) New High Ever Rejected + Into the Weekly
Uptrend Channel that started in December 2016. (See third chart below - Channel).
4) Apple Shares (AAPL) broke 8 weeks ago the previous Weekly Breakout
Trendline. (See fourth chart below - Right - Red Trendline) Becomes Major
Resistance Trendline that Bears need to protect at all costs. Broke the Weekly
Downtrend Channel 3 weeks ago. Into a Weekly Megaphone. (Grey Trendlines)
5) DXY Index (US Dollar Index) broke 13 weeks ago the Support Trendline (See fifth chart below - Blue Trendline) and broke 11 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel. Lowest Weekly close since June 2016. At Previous Breakout Trendline (blue).
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) unable to stay Into a Weekly Rising Channel Support Trendline. (See sixth chart below - Channel) Rejected the 52 WMA (Weekly Moving Avg-green line).
7) VIX Index (SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge that started since August 2015. (See seventh chart below - Grey Trendlines).
8) Copper Futures (HG2-COMEX) broke 9 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Rising Wedge. (See eight chart below-Yellow Trendlines) Highest Level since May 2015.
9) Light Crude Oil Futures (CL2-NYMEX) Testing a Weekly Downtrend Channel Resistance that started since April 10 2017. (See ninth chart below -Channel).
Still Major Sectors rotation bringing new high ever on the SP500 Index (SPY ETF).
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"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."
-Sun Tzu, the Art of War
-Sun Tzu, the Art of War
The Trump Experiment - Financial Markets $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #aapl #copper #vix
Weekly Chart ( Candles )
TLT ETF ( iShares Year Treasury Bond ETF )
Volume ( Bottom Blue Area )
TLT ETF ( iShares Year Treasury Bond ETF )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
SP500 Index ( SPY ETF - Top Panel - Candles )
SPY ETF Volume ( Bottom Panel - Blue Area )
SP500 Index ( SPY ETF - Top Panel - Candles )
SPY ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
Copper Futures ( HG2 )
Volume ( Bottom Blue Area )
Copper Futures ( HG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
US Dollar Index ( DXY )
US Dollar Index ( DXY )
Financialiceberg.Com
Weekly Chart
Vanguard Total Stock Market ETF ( VTI ETF )
Vanguard Total Stock Market ETF ( VTI ETF )
Financialiceberg.Com
Weekly Chart
NASDAQ 100 Index ( QQQ ETF - Candles)
NASDAQ 100 Index ( QQQ ETF - Candles)
Weekly Chart
Apple Shares ( AAPL )
Volume ( Bottom Panel - Blue Area )
Apple Shares ( AAPL )
Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
CBOE SP500 Index Volatility ( VIX )
CBOE SP500 Index Volatility ( VIX )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
