Trend Trading: Commodities Index ETF

The DB Commodities Index Tracking ETF (DBC), Long and Bullish, today is doing another in a long term series of breakouts. $17.23 is the breakout point, which is the February High. The ETF is trading 15.5% above the S&P 500 Index (SPX), over a 200 day moving average. The ETF is trading in excess of an 80% annualized rate of growth over a 200 day moving average. The component crude oil contract is juicing the commodity index.

The DB Commodities Index Tracking ETF (DBC):

Commodity ETF (DBC)

Trend Trading: The Nasdaq 100 Index slicing and dicing

The Nasdaq 100 Index (NDX), Long or Bullish, but continues to deteriorate – the short and long term MACDs continue negative. Again, today, we can see that the index is trading under the former support and now resistance of the February low of $12,760.

Nasdaq 100 Index (NDX):

Nasdaq 100 Index (NDX)

Trend Trading: update on The Nasdaq 100 Index

The Nasdaq 100 Index (NDX), Long or Bullish, but deteriorating quickly – the short and long term MACDs turned negative a few days ago. Today, we can see that the index is trading under the February low of $12,760.

So the sector and industry shift is out of technology stocks and into stocks such as energy, and industrial metals, such as Freeport McMoran (FCX) as noted in a previous post.

Nasdaq 100 Index (NDX):

Nasdaq 100 Index (NDX)

Trend Trading: SPDR S&P Oil and Gas Exploration & Production ETF

SPDR S&P Oil and Gas Exploration & Production ETF (XOP) is trading, over a 200 day moving average, approximately 38% above The S&P 500 Index (SPX). And The XOP is trading well in excess of a 100% annualized rate of growth, over a 200 day moving average.

Comments welcome. Need the charts?

Trend Trading: Semiconductor Index ETF

The Philadelphia Semiconductor Index ETF (SOXX) is Bullish, although losing momentum on the MACD – both long and short term. The ETF is trading approximately 17% above the S&P 500 Index over a 200 day moving average. So after this pullback, or dip, we’ll look for the MACDs to go Positive. The next Break out is resistance at the all time high at $444.00.

The breakout area is shown on the stock chart below:

Semiconductor Index ETF (SOXX)

Trend Trading: SPDR Gold ETF

The SPDR Gold ETF (GLD) continues on it’s Bear market (short term, medium term, long term). Today The ETF plunges through, yet another long term support area at $166.00. The long term pattern of Lower Highs and Lower Lows is almost text book.

SPDR Gold ETF (GLD)

SPDR Gold ETF (GLD)

Comments welcome.

Trend Trading: Gold Miners Index ETF

The Gold Miners Index ETF (GDX) continues on it’s Bear market (short term, medium term, long term). Today The ETF plunges through, yet another long term support area at $31.22. The long term pattern of Lower Highs and Lower Lows is almost text book.

Gold Miners ETF (GDX)

Gold Miners Index ETF (GDX)

Comments welcome.

Trend Trading: Freeport McMoran

Freeport McMoran is the number one stock in the S&P 500 Index

Looking at a 200 day relative strength moving average of Freeport McMoran (FCX) vs. The S&P 500 Index (SPX), it is trading 90% above. The number 2 ranked stock is Discovery Inc. (DISCA) at 75% above. Tesla (TSLA) ranks number 10, at 49% above the 200 day relative to The S&P,  and is strongly deteriorating.

Freeport McMoran (FCX).

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Discovery Inc. (DISCA)

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Tesla (TSLA)

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Comments welcome.

Trend Trading: lumber commodity, lumber companies

Lumber is at all time highs

…and Boise Cascade (BCC)  appears to be topped out on the weekly chart, with resistance at $53.36. The High for the month of January was $53.32. This is a similar concept with all the commodities related stocks. Freeport McMoran (FCX), a copper miner, is at all time highs and so is the copper commodity.

Comments welcome.

Boise Cascade (BCC) weekly

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Freeport McMoran (FCX) weekly

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Trend Trading: US Market Trade signals update

Equity Indexes

S&P 500 Index ETF (SPY) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Bullish for the S&P 500 Index

Dow Jones Industrial 30 Index ETF (DIA) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Bullish for the Dow Jones 30 Index

Nasdaq 100 Index ETF (QQQ) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Bullish for the Nasdaq 100 Index

Russell 2000 Small Cap Index ETF (IWM) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Bullish for the Russell 2000 Small Cap Index

Emerging Markets Index ETF (IWM) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Bullish for the Emerging Markets Index

Gold Miners Index ETF (GDX) is below the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Bearish for the Gold Miners Index

Gold, Silver, Platinum

Gold ETF (GLD) is below the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Avoid for gold

Silver (SLV) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Long for silver

Platinum ETF (PPLT) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Long for platinum

Crude Oil

Crude Oil ETF (USO) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Long for crude oil

Treasury Bonds

US 20 Year + Treasury Bond Index ETF (TLT) is below the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Avoid for Treasury Bonds

Short US 20 Year+ Treasury Bond Index ETF (TBF) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Long for Short Treasury Bonds

Commodity Index

Commodity Index ETF (GSG) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Long for Commodity Index

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