spdr

The Consumer Non-Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since shortly after the US elections in November 2016. However, this fund is currently near its long-term resistance point which will most likely lead to one of two future moves. The fund could break above ...

The Consumer Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since the US elections in November 2016. However, this fund is currently at its long-term resistance point which will most likely lead to one of two future moves. The fund could break above this long-term ...

The Materials Sector SPDR Fund has been in a bull trend since the end of the financial crisis. The trend has narrowed but remains upright since December 2016. The fund has been in a more specific trend channel since February and has created firm support and resistance levels. The fund is currently at that resistance level. Below I have laid out the reasons and ...

The SPDR S&P Biotech ETF began its departure from the bearish double top around the beginning of May. Typically the stock drops toward its last strong support level, and most times drops below that as well. Currently, the stock has been trending down, but is yet to make it to this shared support at 66.30. With the gains for the ETF on June 1, it could be an ...

The SPDR fund tracking S&P Retail has been trending up for years. Lately the industry and fund have been on some rocky footing. Currently the fund is at a potential key support level with value to the upside. The projected future movements are highlighted below based on technical indicators. When we take a look at other technical indicators, the relative strength ...

The SPDR fund tracking the Real Estate Sector (XLRE) has been in a clearly defined upward trend since November 2016. As of the close on May 12, this fund is at the bottom of the cycle which is near a strongly established support. The projected future movements are highlighted below. When we take a look at other technical indicators, the relative strength index ...

The SPDR S&P Oil & Gas Exploration & Production Fund has been in a defined bearish trend for all of 2017. Due to this bearish movement, the 100 day moving average (DMA) is about to cross below the 150 DMA. This actual event has occurred 6 times in the history of the fund and has resulted in a minimal drop of 1.541%. It has a median drop of 6.918% and maximum drop ...

The Energy Sector SPDR Fund XLE has been in a defined bearish trend for all of 2017. Due to this bearish movement, the 100 day moving average (DMA) is about to cross below the 150 DMA. This actual event has occurred 15 times in the history of the fund and has a minimal drop of 0.263%. It has a median drop of 2.067% and maximum drop of 38.054% over the following 16 ...

Waiting for a correction down in this market soon. I have exited most of my long positions, but do still keep one alive to try time the breakout. A few points in favor of this idea; There are two wedges forming inside the daily channel Upper channel line has already been touched once by last bullish wave. Bollinger bands are getting very narrow, implying a ...

Risky week ahead. There is considerable resistance from 2080-1950. If Hillary wins, there should be a great buy opportunity in this market the next few days. First up is the 200 SMA just below last Friday's price. Next is two strong fib levels at 2062 and 2042. If 1950 and the long term trend (purple line) breaks next week and closes below on the weekly chart, I ...

I do not think we will go any lower than around 2060 before the election which is where the weekly earlier top trendline goes, as well as the fib 0.382 since the Brexit bearish drop. -That is ofcourse if Hillary wins the election. If Trump is to win, expect at least a drop down to 1950 which is the fib 0.382 of feb16 after the China breakdown. For traders with ...

FOMC meeting tonight will probably be the trigger for a move up from the ascending triangle that has formed inside the rising wedge on the daily chart.

There is strong resistance building below at around 2110 at fib 0.618 of last wave which I do not belive we will break

I'm offering this idea as an alternative scenario to the larger "possible" Primary H&S which started forming last year. If 2 of the major catalysts (Oil & Fed meetings ) in March are received well by the markets I'm imagining it playing out something like this leading into 3rd quarter. I listed the various Inflection points I felt were relevant. Sorry if the ...

Frame your trade is more important than what indicator to use or what line to draw.

Updating my count. Let's see if institutionals confirm the triangle or if they prefer to manipulate price into some different direction...

Menu for Christmas: - FED offers a rate hike; - Santa Claus offers a little triangle.

XLU - the SPDR utilities sector ETF is struggling to get back into macro uptrends, while showing no bias on short term. On long term perspective the price is trading around upper 1st standard deviation from 5-year mean, which is a 5-year uptrend border. The price is also technically in 10-year uptrend, trading above the upper 1st standard deviation from 10-year ...