Category Archives: ETF Analysis

QQQ: Exceptionally Strong Resistance Ahead

The Nasdaq-100 ETF is facing exceptionally strong resistance near $88.50. This type of resistance will be very difficult for QQQ to overcome without support form very positive fundamental news. Otherwise, a short-term reversal is highly probable. Share

Posted in ETF Analysis, Technical Analysis | Tagged | Comments Off

The RSI Spread Indicator in SPY Reaffirms Previous Long Signal

The RSI spread indicator in SPY is at -19.40 as of the close of yesterday. For a 5% profit-target and stop-loss for long positions the positive bias is large and significant. Share

Posted in ETF Analysis, Trading System Analysis | Tagged , | Comments Off

Old Economy Vs. New Economy

Some sectors of the market are making all-time highs and some others, related to tech primarily, are in a correction mode. The market as a whole refuses to be pulled down by technology. Does this mark a permanent return to old economy … Continue reading

Posted in ETF Analysis | Tagged , , | Comments Off

SPY: After a Dance with Fibonacci the Real Test is Coming

After getting trapped for two days inside a channel defined by the 38.2% and 50% Fibonacci retracement levels of the rally that started last February, SPY is now getting ready to face the challenge: Resumption of the uptrend or start of a downtrend? If you … Continue reading

Posted in ETF Analysis, Technical Analysis | Tagged , | Comments Off

Putting this Correction in the Right Perspective

Biotechnology and social media investors have enjoyed very high returns since 2012. As with all investments, at some point investors sell and prices drop. Whether this will turn into a major correction depends on the percentage of holdings investors unload. Detailed analysis … Continue reading

Posted in ETF Analysis | Tagged , , , | Comments Off

Bears Should Keep Low Expectations For A Trend Reversal

Yesterday’s rally was fueled by promises of low rates and more quantitative easing. As long as, one way or the other, inflation is kept low, bears should have low expectations for a trend reversal. In the best case, the correction … Continue reading

Posted in ETF Analysis, Technical Analysis | Tagged | Comments Off

TLT: Upside Potential Limited by Strong Resistance

Bonds prices attempted yesterday to recapture early February highs and move towards their March highs but met strong resistance and paused. The YTD performance of TLT is a respectable +7.7%.  Charts raise a few doubts as to whether this up move is … Continue reading

Posted in ETF Analysis | Tagged | Comments Off

Biotechnology is Still Correcting While Social Media Issues Bear Market Signal

Although the focus of financial media is lately on biotechnology, this market is still on a correction mode with a small YTD loss, technically speaking at least. On the other hand, SOCL, the popular Social Media ETF, issued yesterday a bearish signal. Share

Posted in ETF Analysis | Tagged , | Comments Off