Category Archives: Video

Utilities Select Spider (XLU) in a Trading Range…

The Utilities Select Spider (XLU) settled lower for the 4th time in 5 sessions following the intraday pullback to $63.70. Upper support at $63.50-$63 held. A close below the latter would be an ongoing bearish signal with downside risk towards $62.50-$62 and the 50-day moving average. 6 Month – $462 Lowered resistance at $64-$64.50. A close […]

TLT at All-Time High

The iShares 20+ Year Treasury Bond ETF (TLT) resumed its parabolic run after zooming to $145.73 and another fresh all-time high. Blue-sky and lower resistance at $145-$145.50 was cleared and held. Continued closes above the latter could lead to upside potential towards $147-$147.50. Rising and near-term support is at $145-$144.50. A close below $144 could […]

Sector Update (XLI)

The Industrials Select Sector Spider (XLI) fell for the 4th-straight session despite tapping an intraday low of $73.08. Mid-May and upper support at $73.50-$73 was triggered but held. A close below the latter and the 200-day moving average reopens risk towards $72-$71.50 with the beginning of June low at $71.91. Lowered resistance is at $74-$74.50. […]

S&P 400 Mid Cap Index ($MID) in a Trading Range

The S&P 400 Mid Cap Index ($MID) has been in a 6-session trading range with Monday’s high reaching 1,908. Near-term and lower resistance at 1,900-1,925 was cleared and held with a close above the latter and the 50-day moving average being a more bullish signal for higher highs. Near-term support is at 1,875-1,850 and the […]