SPY: technology hands over the lead as the index steps back from its record
Weekly technical analysis of SPY, the S&P 500 ETF: 19 weeks into a buy setup, up 12.70% performance, technology drops 3.53% and slides to the weakest tier. Healthcare and energy lead, the record sits 1.75% above, Signal Strength at 7.
QQQ (Nasdaq 100): the buy signal starts with technology in retreat
Weekly technical analysis of QQQ, the Nasdaq 100 ETF: the buy signal opens its first week in the red, turned back below the all-time high, with technology — half the basket — down 3.53% and our own indicators already rolling over.
MIB: rejected at the all-time high as money flow turns negative
Technical analysis of the MIB, the FTSE MIB ETF: a second run at the all-time high rejected, money flow negative after 14 weeks and daily buying under 10%. In week 19 the buy setup still shows 13.55% performance, with Signal Strength down to 0.
IWM (Russell 2000): the MACD hands back last week's crossover
Weekly technical analysis of the IWM, the Russell 2000 ETF: in week 19 of a buy setup the gain holds at 14.80%, yet the MACD histogram slips back below zero and price leaves the record, now 1.71% lower. Moving averages still aligned, breadth improving.
ISF, the FTSE 100 ETF: buyers return while 1061 keeps capping the move
ISF, the FTSE 100 ETF — weekly technical analysis: buyers reclaim nearly 90% of turnover after a bar owned by sellers, performance at +2.02% since entry, price still 7.7% below its record. The 1061 area caps the move and the quality band warns on new entries.
DAX: the record high pushes the rally back, the daily reaccelerates
The DAX, the German DAX 40 ETF, touched its record high and was pushed back: weekly technical analysis puts it 1.59% below the peak after four straight up weeks. The daily reaccelerates, while our own gauges stay cautious.
CAC 40 ETF: the all-time high pushes back, money flow turns negative
Weekly technical analysis of the CAC, the CAC 40 ETF: in week 19 of a buy the gain slips to 4.90%, the all-time high turns price away a second time and money flow goes negative after seven weeks. Price action trading and risk management in trading.