Art's Charts

Video - Weekly Market Review & Outlook - Is the Correction Over?

Arthur Hill

Arthur Hill

Chief Technical Strategist, TrendInvestorPro.com

-----  Video Link   -----  Art's Charts ChartList (updated 22-Apr)   -----     

This video is a companion to the written commentary, which was posted on Friday. Small-caps and mid-caps led a market rebound this past week and we even saw a breadth improvement. This is an encouraging spark, but the S&P 500 SPDR (SPY) remains stuck in a consolidation and has yet to end its corrective period. I am still in the correction camp and will be watching three things next week. First, I would like to see MDY and SPY break out. Second, I would like to see an expansion in new highs. Third, I would like to see breakouts in finance, healthcare or industrials. The key charts are all covered in this week's video - along with 30 industry group ETFs. 

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Thanks for tuning in and have a great day!
--Arthur Hill CMT

Plan your Trade and Trade your Plan
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ETF Master ChartPack  - 300+ ETFs organized in a Master ChartList and in individual groups. 

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More