Good cop (QQQ/SPY ratio) is holding the bull flag and turning up. I assume the happy stuff out of Microsoft is boosting spirits. Reference the original Good/Bad cop update. In…
A quick look at two items, the guide for a bullish market (QQQ/SPY, also noted in NFTRH 754) and XLV/SPY (which is a defensive sector vs. the broad market and…
ES and NQ are set to each tick a new rally high ES and NQ are laggard and leader, respectively. ES (S&P 500 futures) wants to follow its leader in…
If SPY's daily chart has been rising in a bear flag after testing the key December low, then we'd have to think about calling an end to the Q4-Q1 rally,…
Here on Fed day I want to talk about things other than the Fed and its upcoming .25% rate hike. We have not reviewed sectors relative to the S&P 500…
A short snapshot of a couple items for your review. The USD index (DXY) is testing the SMA 50 right now. It never made it to our target at the…
The banking sector is breaking down in relation to the S&P 500 [edit] SV Bank meltdown! Shows how closely I follow the news of the day. Obviously consistent with favored…
Updating the S&P 500 (SPY) weekly chart inverted H&S situation What started out in December as a sort of 'man stares at chart' joke (weeks before it even activated)... S&P…
The ratio of big Tech (QQQ) to the broader market (SPY) is in danger of making a secular top The log scale monthly chart (displaying percentage changes) shows a channel…
Headline US stock market ETF vs. headline US Treasury market ETF The daily chart of the SPY/TLT ratio shows the broad US stock market (incl. dividends) clinging to its major…
As the stock market's sentiment relief rally has labored on, volume has diverged It's not usually a good sign when an index, ETF or individual equity rises on diminishing volume.…
If you, like me, think about shorting (in my case it would be against some long positions) here are a couple charts and some parameters for consideration. The caveats to…
Even as silver continues to lead gold, check out gold (GLD) vs. SPX (SPY). The pattern is an inverted H&S, which would be a bullish reversal if it continues to…
After adding GOOGL this morning to go along with other items I consider somewhat negatively correlated to long-term yields (DVAX, TWST, ZM, META w/ MSFT on priority watch) and thus,…