Back to
All Public ChartLists
* Play or stay away? Charts to answer the questions.
Play relative strength games when markets are strong, but it is also good to know when to get out.
- Rank: 36
- Followers: 28
- Votes: 234
- Years Member: 3
- Last Update: 21 June 2021, 9:27
-
Categories:Market Timing
Market Breadth Analysis
General Market Commentary
Market assessment 20210613
We are back to where we were eight weeks ago but this time with more strength. The good news is tech/growth stocks broke their recent failing trend and pushed higher. Call me cautiously bullish.
Though I can find data in the bond market that makes me cautious*, the weight of the evidence is that we are pushing higher for now. This Friday is expiration for monthly and quarterly options so it can be volatile for the next two weeks.
* The bond market is usually right, but often early.
To track holdings/buys/sells for the ARK funds:
https://docs.google.com/spreadsheets/d/1xMnn8lz5lVQTxfa1QyITCpOP3KUELvAfuhfY-wAcfb0/edit#gid=184082714
Consider these ETFs: AMLP ARKG IBUY LIT PBW QQQ SMH URA XLRE
Chart comments:
101 Buy-and-Holders: Fed has your back = bullish
102 Investors: bullish
103 Swing Traders: bullish
105 Storm Track: bearish
106 Aggressive?: bearish but XLK showing strength
107 Defensive?: leaning bearish for market
108 Top?: no immediate top indicated
109 Bottom?: no bottom indicated
110 Intermarket: leaning bullish intermediate term?
111-113: Sectors (cap weight, EW, small cap): bullish tech, comm, real estate
114 Size & style: growth, large
115 Factors: large growth domestic
116 US Dollar: turning up= bearish for foreign and commodities
400-405: Factor ETF relative strength (RS): TLT PBW IBB XLK IGV
5XX: ETFs for reference
-----------------------------------------
"Trading in the Zone" by Mark Douglas about the mental game.
Note: Profile says PRO but I am an engineer. Updates on weekends.
"It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
All information is strictly for education. .....................
We are back to where we were eight weeks ago but this time with more strength. The good news is tech/growth stocks broke their recent failing trend and pushed higher. Call me cautiously bullish.
Though I can find data in the bond market that makes me cautious*, the weight of the evidence is that we are pushing higher for now. This Friday is expiration for monthly and quarterly options so it can be volatile for the next two weeks.
* The bond market is usually right, but often early.
To track holdings/buys/sells for the ARK funds:
https://docs.google.com/spreadsheets/d/1xMnn8lz5lVQTxfa1QyITCpOP3KUELvAfuhfY-wAcfb0/edit#gid=184082714
Consider these ETFs: AMLP ARKG IBUY LIT PBW QQQ SMH URA XLRE
Chart comments:
101 Buy-and-Holders: Fed has your back = bullish
102 Investors: bullish
103 Swing Traders: bullish
105 Storm Track: bearish
106 Aggressive?: bearish but XLK showing strength
107 Defensive?: leaning bearish for market
108 Top?: no immediate top indicated
109 Bottom?: no bottom indicated
110 Intermarket: leaning bullish intermediate term?
111-113: Sectors (cap weight, EW, small cap): bullish tech, comm, real estate
114 Size & style: growth, large
115 Factors: large growth domestic
116 US Dollar: turning up= bearish for foreign and commodities
400-405: Factor ETF relative strength (RS): TLT PBW IBB XLK IGV
5XX: ETFs for reference
-----------------------------------------
"Trading in the Zone" by Mark Douglas about the mental game.
Note: Profile says PRO but I am an engineer. Updates on weekends.
"It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
All information is strictly for education. .....................
111 Cap Weight Sectors 2 - Financial, Health, Energy, Materials
111 Cap Weight Sectors 3 - Real Estate, Staples, Utilities
112 Equal Weight Sectors 1 - Equal Weight Technology, Industrial, Discretionary, Telecom
112 Equal Weight Sectors 2 - Equal Weight Financial, Health, Energy, Materials
112 Equal Weight Sectors 3 - Equal Weight Real Estate, Staples, Utilities
113 Small Cap Sectors 1 - Small Cap Technology, Industrial, Discretionary
113 Small Cap Sectors 2 - Small Cap Financial, Health, Energy, Materials
113 Small Cap Sectors 3 - Small Cap Real Estate, Staples, Utilities
114 Best Current Market Proxy
115 Factors
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.