I haven't done a video update in a long time. But I did today, check it out here. It's only 12 minutes. I cover the following ETF's... SPY DIA QQQ XLK XLE XLF XLV TLT Check it ou... https://www.youtube.com/watch?v=DLVixNn--i4 Trade Smart, Don … [Read more...]
Higher Lows and Higher Highs Baby
The Dow and S&P 500 index performed well last week. The daily charts for DIA and SPY, the ETF index proxies, show price exceeding the highs from May which exceeded the highs from April. The lows also continue to be higher and daily range grows smaller as does volatility. All good. Next resistance is 280.41 for SPY and 254.72 for DIA. Don't be surprised by a pullback at these levels as stair stepping higher is much healthier than straight up. Continue to hold. SPDR Dow Jones … [Read more...]
Da Bull is Da Kine
Last week the S&P 500 index opened down big on Tuesday and managed the highest weekly close since March 16th. The slow grind higher from the February correction continues. This is good. Continue to hold SPY. Currently up 128% from my recommendation. Yes, I recommended buying SPY on November 29, 2011 and have not issued a sell recommendation since. This is the year I started publishing my technical research. SPDR's S&P 500 Trust Series ETF (SPY) daily Technology continues to … [Read more...]
Bonds are Breaking Down
The Dow and S&P 500 index were slightly up last week. The weekly chart of SPY, the ETF for the S&P 500 index, is certainly more bullish than bearish. After the February sell off price had a short term bounce then slammed even lower in March followed by the last nine weeks of range narrowing higher prices. This is good. S&P500 Index ETF (SPY) weekly Current SPY resistance is 273.50 which is just above the opening prices for both of the big down weeks (Feb 5 and March 1 … [Read more...]
Last weeks price action in the S&P 500 index and the Dow was quite mild. No gigantic intraday swings finishing the week slightly down. Small caps however finished higher and made a new all time high. Whoopie! The recent uptrend in the $US could be a contributing factor to small caps out performing large caps. iShares Russell 2000 Index Fund ETF (IWM) weekly PowerShares DB US Dollar Index bullish Fund (UUP) daily Is retail making a comeback? XRT, the retail sector ETF, h … [Read more...]
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