9/30/2017 index ETF update

SP500 index and ETF: SPY

• The breadth and volume oscillators are both bouncing up hard since the price bottom on 9/25/2017, these indicators runs with trend mode (not a range mode) 
• buy/sell signal: buy
• The PMO signal still in buy zone
• SPY levels:
• buy levels: 250, 249, 248, 247, 246, 245.2 (gap fill)
• sell levels: 252, 254, 255.35 (potential reverse head and shoulder pattern target)

Nasdaq 100 ETF: QQQ

1. Both breadth and volume oscillators bouncing up hard since the price bottom on 9/25/2017
2. buy/sell signal: buy  
3. buy entry: 145, 144, 143.5, 143
4. sellers entry: 146, 146.5, 148

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving up 
2. buy/sell signal: buy
3. buy entry: 223, 222, 221
4. sell entry: 225, 226 (measured move target)

Russell 2000 ETF: IWM

1. both breadth and volume oscillators keep moving up
2. buy/sell signal: buy
3. buy entry:  146.5, 145, 143, 142
4. sell entry: 151, 155 (measured move)

Final word: all indices made all time new high at the end of September. All breadths are very healthy and strong, the first pullback in October initially is estimated shallow and buy the dip. I am kind of leaning to the weakness will happen until the middle of October ( however, I am not a timing fan though, I like price action more to trigger the trade)

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

9/15/2017 Sp500 and index ETF update

SP500 index and ETF: SPY

• The breadth momentum and volume momentum oscillators still point up, the price may keep going up
• The breadth and volume oscillators are both pointing up still, the price may keep going up 
• buy/sell signal: buy
• The PMO signal still in buy zone
• The following chart shows the key levels:
• upside target 2510
• downside supports: 2480, 2470, 2460 (gap fill)
• SPY levels:
• buy levels: 248, 247, 246, 245.5
• sell levels: 250.5

http://schrts.co/DSTa7H

Nasdaq 100 ETF: QQQ

1. Breadth momentum oscillator get flat, volume momentum oscillator keep inch up.
2. Both breadth and volume oscillators keeps moving up, their own 50 days MA keeps moving up, it indicates the upside not done yet
3. Both 5 days MA and 10 days MA of the Nasdaq composite keep going north and 10 days MA works as support  
4. buy entry: 145, 144, 143
5. sellers entry: 146.5, 148

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving up 
2. both breadth and volume momentum oscillators keep moving up, the RSI overbought a little
3. buy/sell signal: buy
4. buy entry: 222, 221, 220, 219, 218 (gap fill)
5. sell entry: 225

Russell 2000 ETF: IWM

1. both breadth and volume oscillators keep moving up
2. both breadth and volume momentum oscillators keep moving up, the RSI in overbought zone
3. buy/sell signal: buy
4. buy entry:  141.5, 141, 140.5, 139.25 (gap fill)
5. sell entry: 143.5

Final word: the market keeps moving higher and the strategy should be tighten up for long, keep stop tight, while the long enjoy the up-wave ride, the cautions operation is also needed.

 

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