Iwm


 

SPY Trends and Influencers August 12, 2017 [0.07]

Posted on Aug. 12, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted heading into the first full week of August that equity markets were settling and marking time near their highs.

The SPY started the week like it ended the last one, in a tight range.

bias charts equity higher index IWM lower pullback QQQ SPY

 

SPY Trends and Influencers August 5, 2017 [0.07]

Posted on Aug. 5, 2017, 2:56 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted as the last full week of July ended and the markets looked to face the dog days of August, equity markets had been knocked back by an unexpected jab punch, shocked but not really damaged.

The week played out with Gold ($GLD) finding resistance and stalling while Crude Oil ($USO) also met sellers and stalled.

bias higher dollar equity Gold higher index IWM market QQQ SPY

 

Small Cap Stocks Are at Risk of a Pullback [0.06]

Posted on July 21, 2017, 3 p.m. by rss_stock_analysis @ [source]

After a surprisingly slow first half of the year, the Russell 2000 has been hitting new highs this week, and so has the iShares Russell 2000 ETF (IWM), which tracks the small-cap index.

As the IWM has slowly moved higher, it has formed a tight upward channel.

channel ETF index IWM market resistance Russell strong tight Volume

 

SPY Trends and Influencers July 15, 2017 [0.07]

Posted on July 15, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted heading into the last quiet week before earnings season that the equity markets had weathered a short term drizzle (SPY and IWM) or mild rainstorm (QQQ) and looked solid on the longer timeframe.

The week played out with Gold starting the week lower but quickly rebounded to end the week up while Crude Oil also found support Monday and reversed during the week.

continued equity higher index IWM looked lower QQQ SPY timeframe

 

Ten trades triggered this week, and all remained active at the close Friday. An equal weight portfolio beat the IWM and SPY, but lost to the QQQ this week.

active beat equal Friday IWM performance portfolio remained trades triggered

 

SPY Trends and Influencers June 24, 2017 [0.08]

Posted on June 24, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted that with Options Expiration and the June FOMC meeting in the rear view mirror equities looked to emerge on the other side mainly unscathed.

The week played out with Gold starting lower and quickly finding support before rebounding to end the week nearly unchanged while Crude Oil continued to move lower.

consolidation continue higher index IWM lower QQQ remain SPY timeframe

 

SPY Trends and Influencers June 17, 2017 [0.05]

Posted on June 17, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators saw equities mixed heading into the June Options Expiration Week, with the IWM and SPY looking strong but the QQQ weak as there was rotation out of the QQQ and into IWM. The move comes off of the upper Bollinger Band® and remains inside the last up candle so far.

consolidation continued FOMC higher index IWM lower QQQ SPY volatility

 

4 Trades to Ride Amgen Higher: Bonus Idea [0.12]

Posted on June 12, 2017, 11:39 a.m. by Dragonfly Capital @ [source]

Amgen, $AMGN, started to run higher in November reaching a peak in March. Since that low the stock price has been moving higher and ended the week at resistance.

call higher interest IWM July lower put QQQ side spread

 

Biogen, BIIB, stalled just short of 300 in March and moved lower to support. Their charts show strength in the IWM and consolidation in the SPY short term with the QQQ looking diseased.

Friday higher IWM lower moved participate QQQ resistance rising RSI

 

Biogen, $BIIB, stalled just short of 300 in March and moved lower to support. Their charts show strength in the IWM and consolidation in the SPY short term with the QQQ looking diseased.

Friday higher IWM lower moved participate QQQ resistance rising RSI

 

SPY Trends and Influencers June 10, 2017 [0.09]

Posted on June 10, 2017, 1:02 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators saw that heading into the first full week of June, equity markets looked strong.

Volume was heavy Friday, but less than on the last big down day May 17th (that one was followed by a 6 day move higher and then continuation to last week’s high).

consolidation Friday higher index IWM looked lower QQQ SPY strong

 

IWM could put in a swoosh to its little light blue megaphone bottom any time, then put in a triangle right shoulder for a head and shoulders top before a breakout from the pink rising megaphone to at least its bottom near the red megaphone VWAP.

IWM has been turning neatly at its big red megaphone top.

Bottom crash IWM megaphone put red Scenario set top up

 

The iShares Russell 2000 (NYSE: ) is getting closer to the bottom or right side of its pink rising megaphone and that means we’re likely closing in on the dip or correction we’ve been waiting for.

IWM could put in a swoosh to its little light blue megaphone bottom any time, then put in a triangle right shoulder for a head and shoulders top before a breakout from the pink rising megaphone to at least its bottom near the red megaphone VWAP.

Bottom crash IWM megaphone Pink red Scenario set top up

 

SPY Trends and Influencers June 3, 2017 [0.07]

Posted on June 3, 2017, 1:02 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators saw that heading into the unofficial beginning of summer equities looked strong. The last time it hit this level the RSI continued higher and price gained another 4% before stalling.

all time bias consolidation higher index IWM lower QQQ SPY strong

 

SPY Trends and Influencers May 27, 2017 [0.04]

Posted on May 27, 2017, 1:02 p.m. by Dragonfly Capital @ [source]

A weekly excerpt from the Macro Review analysis sent to subscribers on 10 markets and two timeframes. Elsewhere looked for Gold ($GLD) to continue to trend higher while Crude Oil ($USO) retained an upward bias in consolidation.

bias charts consolidation higher index IWM longer looked QQQ SPY

 

The pushed a feeler through the top of the megaphone it’s been forming for a year (see ) but without really breaking out through the top.

And iShares Russell 2000 looks like it’s going to continue down to the bottom of its bright blue topping megaphone, suggesting ES may have another leg down coming too.

IWM top

 

SPY Trends and Influencers May 20, 2017 [0.01]

Posted on May 20, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

A weekly excerpt from the Macro Review analysis sent to subscribers on 10 markets and two timeframes.

Last week’s review of the macro market indicators heading into May options expiration saw the equity markets looked mixed, with strength in the QQQ and exhaustion in the IWM and SPY.

charts consolidation continue higher index IWM lower moved QQQ SPY

 

Each week I post the performance of the stocks that were given to subscribers the previous Sunday. All performance is measured against the plan given to subscribers.

beat break equal gain IWM lost portfolio stopped trades triggered

 

Last week’s review of the macro market indicators saw deep into the earnings season and with the May FOMC meeting and in the books, equities were looking strong again. Elsewhere looked for to continue in its downtrend while also was biased lower, but with caution for a reversal.

equity higher index IWM looked lower QQQ reversal SPY Treasuries

 

SPY Trends and Influencers May 13, 2017 [0.04]

Posted on May 13, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

A weekly excerpt from the Macro Review analysis sent to subscribers on 10 markets and two timeframes. Elsewhere looked for Gold ($GLD) to continue in its downtrend while Crude Oil ($USO) also was biased lower, but with caution for a reversal.

charts dollar index IWM looked lower QQQ reversal SPY Treasuries