7/29/2017 index ETF update and stock picks

SP500 ETF: SPY

1. Although breadth oscillator keeps moving down, volume oscillator start moving back up.
2. The PMO buy signal turn north again
3. daily buy signal still exist
4. buy entry/support: 246, 245.5, 244.5
5. profit/resistance: 247.2, 247.5, 248, 249

Nasdaq 100 ETF: QQQ

1. Although both breadth and volume oscillators keep moving down, volume oscillator may start moving back up
2. hourly buy signal still exist, 4 hours/daily signals do not favor buyer.
3. the bull/bear line in the sand is around 144 (143.96), over it, the buyer will be in control, below it , the seller will be in control. 
4. upside target: 144.5, 145, 145.5, 146, if break out 149.
5. downside target: 143, 142.5, 142, 141.5

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators turn north.
2. daily buy signal still exist
3. buy entry/support: 217.75, 217, 216.5, 215
4. upside target: 221

Russell 2000 ETF: IWM

1. The small cap ETF is weakest in last 3 trading days, both breadth and volume oscillators keepo moving down, however, it may be the first one to start the bounce, if whole market stop bleeding
2. hourly, 2 hours and 4 hours buy signal still exist, daily sell signal still exist (how to read this part, if hours' signals cannot reverse the daily signal, then the daily sell signal will prevail and hours signals will follow daily signal)
3. support: 141, 140, 139
4. resistance:  142, 144

Stocks to watch:

1. insurances: HIG, MET, TRV
2. railroad: UNP, NSC
3. oil services: MUR, OXY
4. pharmacy benefit management: ESRX

ETFs to buy: IHI, IHF (all get 50 days MA support)