Buy and Sell Signals, Market Analysis, Money Flow, True Strength

Michael Pitre Has Had Over 50 Followers Rank: 21 Followers: 79 Votes: 158 Years Member: 9 Last Update: 1 March 2015, 14:47 Categories: Market Timing
ETFs
Swing Trading

etfmaintrends.com

Weekend Update

Overbought conditions and upper trendline resistance
is slowing down the market and causing some
distribution. We have short term sell signals on the
15 min and 2 hour spy charts. Market breadth per
the advance decline lines is slowly rolling over but
has not crossed down hard below the moving averaages.

The TRIN chart gave a sell signal a few days ago. The
spy dialy chart has not given a sell signal but could do so
soon. Time to be vigilant.

Here are the weekly performance numbers for last week.

China: 0.99%
US Dollar: 0.96%
India: 0.94%
Gold: 0.76%
Bonds: 0.52%
Emerging Mkts: 0.17%
US Small Cap: 0.16%
Dow Jones: 0.03%
Nasdaq-100: -0.01%
Europe: -0.04%
US Total Market -0.24%
S&P 500: -0.27%
US Mid Cap: -0.64%
Euro: -1.63%
US Oil: -2.95%

Sectors

Consumer Staples [0.8%], Consumer Discretionary [0.7%],
Semiconductors [0.4%], Biotech [0.3%], Retail [0.2%],
Healthcare [0.1%], Technology [0%], Financials [-0.4%],
Housing [-0.7%], Materials [-0.9%], Utilities [-1%], REITs [-1%],
Transport [-1.1%], Industrials [-1.2%], Energy [-1.9%], Oil Services [-2.9%]

Global

Mexico [2%], Brazil [1.5%], Latin America [1.4%], Canada [1.1%],
China [1%], India [0.9%], Korea [0.8%], Taiwan [0.8%], Australia [0.7%],
Germany [0.7%], Emerging Markets [0.2%], Japan [0.2%],
Asia-Pacific [0.2%], Developed Markets [0.1%], All World Ex-US [0.1%],
United Kingdom [0.1%], Europe [-0%], France [-0.6%], Russia [-0.9%], South Africa [-1.7%]

Commodities

Gasoline [7.3%], Gold Mining [4.1%], Copper [3.6%], Heating Oil [3.3%], Solar [2.8%],
Silver [2.1%], Shipping [1.4%], Gold [0.8%], Coal [0.4%], Agriculture [-0.4%],
Steel [-2.6%], US Oil [-3%], Natural Gas [-8.6%]

YTD

Nasdaq Composite +4.8% YTD
Russell 2000 +2.4% YTD
S&P 500 +2.2% YTD
Dow Jones Industrial Average +1.7% YTD

Less

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I like to keep tabs on this chart for a number of reasons. I have included VIX and NY up down volume.

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As long as this upward sloping bullish channel holds the market is in good shape.

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QQQ turning down now.

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Here on the Wilshire Weekly we see that price has hit the upper trendline...but RSI is not overbought. This often slows down the strong advance that has moved us off the lower trendline and up to the upper trendline.

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The Nasdaq is turning weak now. Breadth negative.

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The 2 Hour chart gives you a good early indication of what to expect.

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