Market Strength Index of eight major categories shows weakness
The rise of most MSIs stopped in the last two sessions. A notable exception is the MSI of NASDAQ, which kept going up The MSIs of SP100 and the SP500 are very close, 39 and 38 respectively, along with the world MSI, which is 39.
ATUS is in a slow but steady bullish trend
In a high-volatility environment, ATUS is moving up in a slow and steady low-volatility uptrend. In fact, since late June, price has been moving above its ascending 20-day exponential moving average, which it rarely touches, and below the upper Bollinger Band. Since then, the 10- 20- and 50-day exponential moving average all move up without crossing each other in a healthy bullish trend. Just as important, ATUS’s Relative Strength has been moving up and mostly above its 20-da
COLD in a hot uptrend
It’s interesting to study what happens when we see a price breakup. We have marked in the oblong box this period just before the breakup till it was fully developed. The first indication came from COLD’s Relative Strength, when it started moving up and it broke above its 20-day exponential moving average. Right after that, we note that price moved above its 10- and 20-day exponential moving averages and reached the upper Bollinger Band. Another characteristic is that this mov
WPM is outperforming
For about a month, WPM – Wheaton Precious Metals Corp. – is going through a consolidation phase as it moves roughly between 26 and 28, the blue box. After the last time, though, price touched the lower side of the box, price quickly moved above its 10- and 20-day exponential moving average. In fact, with a huge candlestick it closed above the upper Bollinger Band. This is an indication that the bulls have decided to push price up again. In fact, our momentum indicator, MACD,
Low Volatility ETF outperforms
As we can see in the chart, SPLV – the Invesco S&P 500 Low Volatility ETF – has formed an ascending triangle pattern - the blue lines. the three big bearish candlesticks, though, that form the lower side of the triangle, should be a source of concern. Apart from the above, our momentum indicator, MACD is in positive territory and moving up for the time being. Finally, SPLV's Relative Strength has been moving up and well above its 20-day exponential moving average since lat
IEF with bullish momentum
Since early August, IEF – the iShares 7-10 Year Bond ETF – has been trading in a narrow range defined by the lower level at about 113 and the upper level and roughly 113.85. Before this consolidation phase, IEF moved in a strong bullish trend along the upper Bollinger Band. Furthermore, IEF’s 10- 20- and 50- day exponential moving averages are all trending up in a strong trend. Price has now reached a critical point as it has touched its 10-day exponential moving average. Las
Silver is trending up
Since mid July, SLV – the iShares Silver Trust – is in a high volatility uptrend. In fact, it’s moving between its 20-day exponential moving average and the upper Bollinger Band. In this bullish trend we have marked two consolidation phases, the orange and the blue one, where momentum showed some weakness. Traders weren’t sure what to do and how to trade SLV and there was a fight between the bulls and the bears. In the first consolidation case, the orange box, the huge gap up
Is Russia ready for a reversal?
Since the beginning of August, RSX – the VanEck Vectors Russia ETF – was in a downtrend that brought price at a support line, the lower blue line in the chart, at about 21.4. Then price reacted and reached its 10-day exponential moving average, just above 22. We will wait to see the ETF’s price action at this critical point. Will the bulls prove strong enough and break through the upper side of the box, to resume its bullish trend? For the time being, MACD reacted accordingly
Gold in a bullish trend
For about one and a half month, GLD – the SPDR Gold Shares – moved in a range we show with the blue box in the chart. As soon as GLD broke out of this box price moved mostly along the upper Bollinger Band, while the 10- 20- and 50-day exponential moving average sloped up below price. The above are signs of a strong uptrend, which currently shows some weakness as price touched its 10-day exponential moving average. The huge bullish candlestick, however, is an indication that p
