Category Archives: ETF Analysis

The Tech Sector is Overbought But…

The tech sector is overbought and a pullback should be expected but its magnitude and duration may not satisfy the bears. Share

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Traders in Precious Metals ETFs Whipsawed by Algos

Last Friday SLV closed up 2.24% after a volatile session and yesterday the same ETF closed down 4.3%. These erratic moves are caused by algos so the retail traders get whipsawed. One way for traders to deal with this reality … Continue reading

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Stock Market Rally to New Highs Mainly Driven by High Beta Stock Picking

The S&P 500 index made a new all-time high last Friday but the rally was mainly driven by large cap high beta stocks and the low volatility group is lagging behind. This is also evident from the price action in … Continue reading

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Silver Drops to 50-DMA Support After Setting a Bull Trap

Silver rallied last month to test the 200-day moving average but back then I warned those that got too bullish not to be so fast because of the many failed attempts for a trend reversal in the past. Apparently, this last … Continue reading

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Bonds Have Become as Risky as Stocks and Volatility is on the Rise

Higher returns in the bond market have come at higher risks. In the case of TLT, the 14-day ATR has almost doubled from December of last year and annualized standard deviation of daily returns has increased to 11.5%, matching that … Continue reading

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Fifth Rebound of NASDAQ-100 Off Crucial Support at 4,100

Yesterday, a fifth rebound of NASDAQ-100 took place off the crucial support level at 4,100, offering hopes for a continuation of the uptrend. However, another test and a break below this support level will increase the probability of a scenario … Continue reading

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Silver Bulls Scramble for Cover

Last week I wrote that the silver chart is “a graveyard of failed trend reversals and there is no reason why the future should be different from the past.” I did not expect a quick trend reversal in silver. After … Continue reading

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