FINANCIAL ICEBERG
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TECHNICALS
US Technical Charts Potpourri
December 31 2017 ( From TradingView, CNN Money )
December 31 2017 ( From TradingView, CNN Money )
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The SP500 Index is still into an euphoria phase technical pattern as the
Trump Tax Approval was more than welcome by the markets. All counting on
positive seasonalities to push market higher is now behind us..
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) Broke 13 weeks ago a Weekly Resistance of
a Rising Wedge Technical Pattern (red trendlines). Still Into a Weekly Uptrend
Channel. (See first chart below - yellow trendline)
2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 607 US Stocks
(Total Market Index) Broke the Resistance of a Weekly Rising Wedge Technical
Pattern 13 weeks ago. Still into the Weekly Uptrend Megaphone.
(See second chart below - Red Trendlines).
3) QQQ ETF (NASDAQ - 100 Index) Testing a Weekly main Uptrend Channel
Trendline, so critical for Bulls .(See third chart below - Channel).
4) Apple Shares (AAPL) Testing a Weekly Rising Wedge Technical Pattern
Support Trendline. (See fourth chart below - Right - Red Trendlines)
5) DXY Index (US Dollar Index) Into a Weekly Downtrend Channel. Still Above the Previous Weekly Breakout Trendline. (See fifth chart below - Blue Trendline)
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 13 weeks ago a large Weekly Rising Wedge Support Trendline. (See sixth chart below - Yellow Trendlines) Strong Weekly Price Compression within a Wedge (red).
7) VIX Index (SP500 Volatility-CBOE) Strong Price Compression within a Weekly Falling Wedge Technical Pattern. (See seventh chart below - Grey Trendlines).
8) Copper Futures (HG2-COMEX) Testing a Weekly Uptrend Resistance Trendline.
(See eight chart below-Channel)
9) Light Crude Oil Futures (CL2-NYMEX) Still Into a Weekly Uptrend Channel that started since July 2017. Testing the Resistance of a Major Weekly Rising Wedge so critical for Bulls to break.
(See ninth chart below -Red Trendlines).
The US stock market is into an euphoria phase on the Trump Tax Cuts. Retail is still chasing Momentum and High Beta stocks in favor of Value stocks, a situation that is becoming extremely speculative.
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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 )
