8/26/2017 index ETF signal update

SP500 ETF: SPY

1. Both percent of stocks above 50 days MA (around 41) and 100 days MA (around 48) were still in comparable low in 2017 and start to move back up
2. Both breadth and volume oscillators continue moving up, the recent down trend may reverse soon. 
3. The PMO signal start to show life and turn north, if it can cross up its own 20 days MA, the buy signal is confirmed
4. buyers entry: 243.5, 244
5. sellers entry: 245.5, 246.5

A reference from last September: when SPX touched bollingar band middle line on weekly chart, the price bounced up 3 weeks in a row and the high touched the neckline. What about this August bounce or no bounce to continue down.? The current neckline is at 2475.

Nasdaq 100 ETF: QQQ

1. Both breadth and volume oscillators keeps moving up, their own 20 days and 50 days MA MA also turn north, it indicates most probably the recent down trend is ending
2. Both 5 days MA and 10 days MA of the Nasdaq composite turned north.  
3. buy entry: 140.5, 141.5
4. sellers entry: 143.25, 144

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving up 
2. the buy signal is fired up, buy dip
3. buy entry: 216.5, 217, 217.5
4. sell entry: 219, 219.5, 220

Russell 2000 ETF: IWM

1. both breadth and volume oscillators surged on last Friday
2. Buy signal is fired up
3. buy entry:  136, 136.5
4. sell entry:  139, 139.5

Note: my personal opinion is not for investment purpose, but for education and illustration.  

8/22/2017 Sp500 update

The SP500 made all time new high at 2490.87 on 8/8/2017, thereafter several series of sell offs took place.

http://schrts.co/hWM9xh

The elliott wave pattern is analyzed as following:

1. The 2490.87 high is assumed the top of wave 5-3
2. Sp500 is in wave 5-4 correction wave
• wave 5-4-A is finished at 2417.35
• wave 5-4-A includes A-B-C push down 
• wave 5-4-B is on going
• important fib levels to watch 
• 0.5 fib 2454.12
• 0.618 fib 2462.79
• in case of irregular correction pattern (flat correction or expanded flat correction)
• sp500 could overshoot to 2500 area 
• The support level 2440
• after wave 5-4-B finished, then we can project final down wave wave 5-4-C.

The conclusion: the current ongoing wave 5-4-B could stop at 0.5 fib, 0.618 fib, also potentially stop at 2500 area with a expanded flat correction.

Today sp500 breadth and volume oscillators made bottom divergence, the further upside of the index is expected. 

My personal opinion is not for investment purpose, but for education and illustration.  

8/13/2017 index ETFs' update

SP500 ETF: SPY

1. Both percent of stocks above 50 days MA (around 62) and 150 days MA (around 40) made comparable low in 2017, this weakness also indicate potential reversal anytime soon
2. Both breadth (-184) and volume (-207) oscillators made comparable low in 2017, this weakness also indicate potential bottom formed soon. 
3. The PMO signal is still sell (but it does not tell if it can reverse next day or 2)
4. The equity put call ratio at 0.94: 2nd highest in 2017, 11/2016 pcr high is at 0.99.
5. buyers entry: 243, 242
6. sellers entry: 245.5, 246.5

Nasdaq 100 ETF: QQQ

1. Breadth oscillator keeps inch down into ETF potential rebound range and volume oscillator waver to turn north
2. Both percent of stocks above 50 days MA and 150 days MA made new low in 2017 and comparable low with last December, both oscillators rebound a little last Friday
3. buy entry: 141
4. sellers entry: 143

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving down and made comparable low in 2017
2. the buyers should hold fire or buy with caution
3. no suggestion for short though 

Russell 2000 ETF: IWM

1. both breadth and volume oscillators keep moving down and made comparable low in 2017
2. Both percent of stocks above 50 days MA and 10 days MA  made comparable low in 2017, this weakness also indicate potential reversal anytime soon
3. buy entry:  136
4. sell entry:  139

Note: my personal opinion is not for investment purpose, but for education and illustration.  

8/9/2017 index ETFs' update

SP500 ETF: SPY

1. Both breadth and volume oscillators move south again
2. The PMO signal is sell
3. However, the oscillators' readings are in low range that the bounce can happen anytime soon
4. buyers entry: 246.5, 246, 245.68, 244.5
5. sellers entry: 247.5, 248, 249

Nasdaq 100 ETF: QQQ

1. Both breadth and volume oscillators waver to turn north
2. furthermore, the oscillators' readings are in the low range that the rebound can happen anytime soon
3. daily buy signal comes back.
4. buy entry/support: 143.5, 142.5
5. if 142.5 break down, buyers can take stop loss
6. upside target: 144.5, 145, 145.5, 146, if break out 149

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving down
2. the buyers should hold fire and wait
3. no suggestion for short though 

Russell 2000 ETF: IWM

1. Although the small cap behaved the worst on 8/9, both breadth and volume oscillators turned north again
2. furthermore, the oscillators' readings are in the low range where middle of June bounce and early July bounce 
3. the daily buy signal comes back
4. support: 138.4, 137.5
5. resistance:  139.5, 140, 140.5, 141,5

8/5/2017 index ETFs and certain stocks update

SP500 ETF: SPY

1. Both breadth and volume oscillators start to turn north
2. The PMO buy signal is neutral
3. daily buy signal comes back again
4. buyers entry: 246.7, 245.68, 244.5
5. sellers entry: 247.5, 248, 250

Nasdaq 100 ETF: QQQ

1. Breadth oscillator start to turn north
2. Volume oscillator keep going lower, but this low level can turn north anytime from statistics
3. daily buy signal comes back.
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 keep moving up.
2. daily buy signal still exist
3. the strongest one in all index ETFs
4. buy entry/support: 218, 217.75, 217, 216.5, 215
5. upside target: 221

Russell 2000 ETF: IWM

1. Both breadth and volume oscillators turned north again (like last Thursday mentioned, it will turn back up soon)
2. the daily buy signal comes back
3. support: 141, 140, 139
4. resistance:  142, 144

Stocks to buy: FTNT, MU, XLNX

8/1/2017 index ETFs update

SP500 ETF: SPY

1. Both breadth and volume oscillators start to turn north
2. The PMO buy signal turn north too (a buy signal)
3. oscillators signals and PMO buy signal align together now
4. daily buy signal comes back again
5. buyers entry: 246.7, 245.68, 244.5
6. sellers entry: 247.5, 248, 250

Nasdaq 100 ETF: QQQ

1. Both breadth and volume oscillators start to turn north
2. daily buy signal comes back.
3. upside target: 144.5, 145, 145.5, 146, if break out 149.
4. downside target: 143, 142.5, 142, 141.5

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving up.
2. daily buy signal still exist
3. the strongest one in all index ETFs
4. buy entry/support: 218, 217.75, 217, 216.5, 215
5. upside target: 221

Russell 2000 ETF: IWM

1. The small cap ETF is weakest in last 4 trading days, both breadth and volume oscillators reverse back down again, however, it may reach the bottom soon
2. hourly, 2 hours and 4 hours buy signal still exist, daily sell signal still exist, but almost bottom out (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