Stocks & ETFs

Emerging Markets ETF (EEM) At Key Technical Resistance

The speed of the recovery from the decline in U.S. equities from late July to early August affirms it’s still a dip-buying environment. The market is telling you to stay long with discipline. As is often the case, the market-unsavvy did well this time by holding their holdings and going on vacation. And as I look across the universe of exchange traded products, iShares Emerging Markets ETF (EEM) jumps out

Capital Markets Snapshot: Clouds, Blood, and Flows

Last Thursday’s overnight equity futures swoon and Friday’s subsequent recovery highlighted the recent injection of volatility in the capital markets. And with this in mind, I thought it would be helpful to share a handful of annotated charts I’m watching and analyzing that highlight some of the divergences, extremes, supports and resistances currently in play in the capital markets. Let’s review the charts and setups: S&P 500 Stays In the Cloud  

SP 500 Futures Bounce Higher – Where To Next?

Traders, it was a bit dicey at times, but the S&P 500 Futures (ES) forecast correction and support zone have held and prices are now above my long entry levels from August 1st (see end of article). I have updated the chart from Friday and now see a way to label it as a completed move lower in Wave (iv). Friday’s S&P 500 Futures Chart   Updated S&P 500 Futures Chart

S&P 500 E-Mini: Nearing Key Support Levels

The S&P 500 E-mini contract, the ES, is now reaching support levels that I’m watching closely. Let’s start with a full view of a 3 year daily chart. Since November 2011, the contract has moved up 917.75 points. Time for a correction? I would say it’s in progress now. In the S&P 500 E-mini chart below you can clearly see what a full blown bull market looks like.   Now,

Biotech Sell Off: Bearish Harmonic Bat, H&S Top Patterns Point Lower

The closely-followed iShares Biotechnology ETF (IBB) continues to show technical deterioration following it’s mini-blowoff in late June/early July to complete a 4-month Bearish Bat harmonic pattern near $266. Over the last 4 weeks, IBB – amidst a broader environment justifiably referred to as “manic” or “bubbly” – has built out a Head & Shoulders Top pattern from which it has broken down during Wednesday’s session in trade below its neckline

Biotech Takes Ill In Worst Selloff Since April

In the category of market defeat snatched from the jaws of victory, the super-heated Biotech industry is showing early signs of relapsing into the technically challenged behavior it briefly displayed back in the Spring.  One of the “Charts to Watch During the Summer Doldrums“, the iShares NASDAQ Biotechnology ETF (IBB) is proving to be anything but dull, shedding over -5% in this week’s first two days of trading. IBB’s 6

Why Copper May Deserve A Place In Your Portfolio

Since the beginning of 2011, copper has been a lousy market aside from the occasional position trade. But that tide could be ready to change. This could create an investment opportunity in iPath DJ-UBS Copper Trust Sub-Index ETN (JJC). COMEX copper futures have dipped beneath 3.000 three times since May 2013 and recovered each time. That appears to be a psychological floor. What particularly jumps out at me is a

Miner Stock Watch: Silver Wheaton (SLW)

Precious metals made a statement this past week. Silver, in particular, caught my attention. It was higher by more than 6% for the week. That kind of move puts the silver miners on my radar. One miner that came across on my chart scans is Silver Wheaton (SLW). Let’s take a look at some things that stand out to me on both the long-term and short-term price charts. Silver Wheaton

Is The Silver ETF (SLV) On The Verge Of A Breakout?

In just three weeks, Silver has gone from the brink of collapse to being on the verge of a price breakout. But this sort of price action isn’t uncommon from assets in a longer-term corrective phase; in short, bulls get worn down by the short relief rallies that return to the grinding stair-step lower. That said, the price action in the Silver ETF (SLV) looks promising, provided follow through confirmation arrives shortly.

Did SPY’s Close Over It’s Upper Bollinger Band Just Give a Short Signal?

The SPDR S&P 500 ETF Trust (SPY) installed it’s 3rd consecutive daily close above it’s upper Bollinger Band (20,2) with Thursday’s low-volume drift further into the ether of new all-time highs. Over the last 10 years, this technical event has occurred just 9 times.  Despite the rarity of it’s extended bullish orientation and possessing the indelible aura of a market getting ahead of itself in the short-term, this is by