Weekly Stock Charts
Identifying index & ETF trends in weekly stockcharts
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- Last Update: 2 August 2021, 9:01
Aug 1st 2021 6P Update: Monthly just finished nine(!) up months in a row. That doesn%27t happen very often. 10 in a row would be extraordinary. Compare to something like $ETHUSD which is just starting inside month + up after resting for 3 months. Anyway, we may be due for a rest in the SPY%27s at some point. For next wk, I%27m watching $FDN...big red inside bar....as FANG+ was a little weak after EPS last wk. FANG+ have become such a large weighting in the indexes, this group is important to watch. What else? $TLT has a nice hammer off lows + inside wk....watching for that to break up. IF FANG+ is weak + bonds strong, we could have some "risk off" type moves next wk. Just something to watch out for. On the long side, there%27s plenty of PEG (power earnings gappers) to go after....something like $AMD. Maybe more next wk - full calendar of EPS ahead. OK, that%27s enough for now. Trade well, use stops, manage risk + good luck out there!
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