Stocks

The S&P 500 ($SPX) just logged its second consecutive 1% gain on Tuesday. That’s three solid 1% advances so far in June. And with a few trading days remaining in the month, the index has recorded only one 1% decline so far.

A lot can still happen before the month ends, but, as it stands, June is looking a lot like May, which also saw three 1% gains and one 1% loss. Taken together, these months resemble May and June of last year, although back then the S&P 500 advanced 52 consecutive sessions without a single 1% decline.

What this means for you: After the volatility of March and April—and the sharp rebound in mid-April—there has been a notable shift toward a more consistent uptrend. We talk about this frequently, and it bears repeating: the characteristics of a steady uptrend are unmistakable. It’s the foundation of our analysis that shapes our market outlook.

FIGURE 1. THE NUMBER OF 1% MOVES IN THE S&P 500 IN 2024 AND 2025. June is looking similar to May, which also saw three 1% gains and one 1% loss. It’s echoing the behavior we saw in May and June of 2024.

It all starts with daily price action. Low two-way volatility has set the tone in recent weeks. If this type of month-to-month tempo in daily moves continues, the uptrend can persist. The opposite, of course, is also true.

Zooming In On the Short-Term Moves

Looking at the S&P 500’s recent price action on the short-term chart, the index is now approximately +3% from its recent low last Friday. If this multi-day bounce were to stop now, it would be among the smallest over the last nine months. Indeed, most didn’t get much further before the next bout of profit taking, but this shows how the staircase-like advance could continue.

In other words, if this cadence persists, the S&P 500 could meander through its former highs, i.e., we may not see a resounding breakout. The more boring a move through 6,147, the better.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500. The staircase-like advance in $SPX could continue, and the index could tiptoe through previous highs.

Also, notice how the recent drawdown only pulled the 14-period relative strength index (RSI) on this two-hour chart marginally below the 50 level, which shows that the momentum shift was limited last week. It’s a reminder of how weak the bounce attempt was in March, which set the stage for the second down leg of that move. If the reverse is now true, then another up leg could be afoot soon.

NVDA Stock: A Daily Perspective

NVDA made a new all-time high on Wednesday, the first since January 7. Its participation since the April 7 low has been a major and necessary piece to the SMH, XLK, NDX, and SPX’s rallies, and the global equity market’s overall comeback. 

We last cited the stock on May 27 and May 29 (before and right after it reported earnings), noting the bull flag pattern. The flag has held throughout, and NVDA is now close to achieving that price target. So, what’s next?

FIGURE 3: DAILY CHART OF NVDA’S STOCK PRICE. After the bull flag pattern, NVDA is close to achieving its price target.

NVDA vs. 200-Day Moving Average

NVDA’s comeback has pulled the stock back above its 200-day moving average. We’ve shown this before as the stock was coming back. The last few times NVDA reclaimed the long-term line after spending a long time below it, the stock advanced higher for years.

FIGURE 4. DAILY CHART OF NVDA WITH 200-DAY MOVING AVERAGE. The last few times NVDA broke above its 200-day moving average after spending a long time below it, the stock advanced higher for years.

NVDA Stock: A Weekly Perspective

Even though NVDA made a marginal new high in early January, there was no follow-through. Thus, NVDA remains net flat since November 2024 and isn’t too far above its spike highs from last June either.

Altogether, the round trip can now be viewed as one big bullish pattern. We’ve seen similar formations play out three times since the October low. Once NVDA finally got through those volatile periods and broke out, those strong extensions that we all remember well ensued. Past performance is no guarantee of future returns, but patterns tend to repeat no matter the timeframe. So, we need to respect that the same kind of breakout could happen again with the stock is sitting at the same levels as it was eight months ago, but with strong market-wide demand at its back.

FIGURE 5. WEEKLY CHART OF NVDA. Could a breakout with strong market-wide demand occur?

NVDA – GoNoGo

NVDA’s weekly trend just flipped to positive on the GoNoGo chart, as well. As is clear, the last time this happened was in early 2023, the same time that the first bullish pattern on the preceding chart happened.

FIGURE 6. NVDA’S PRICE ACTION USING GONOGO CHART. The weekly trend just switched to positive. This happened in 2023, which is around the time the first bullish pattern occurred in the weekly chart in Figure 5.

NVDA Stock: A Monthly Perspective

Zooming way out, this also could be the fourth major breakout from a monthly perspective. The prior ones happened in 2015, 2020, and 2023.

FIGURE 7. MONTHLY CHART OF NVDA. There could be a fourth major breakout in NVDA’s stock price.

The Bottom Line

If you’re someone who likes to stay invested with an eye on the long-term, this is the kind of environment where patience pays off. The S&P 500 appears to be building strength, and NVDA is helping lead the charge.

Think trading against the trend is risky? You may want to reconsider. When a stock or ETF is trending lower, the smart money watches for signs of a reversal; those early signals can get you into a trend before everyone else and lead to favorable risk-to-reward ratios.

In this video, options strategist Tony Zhang breaks down how to spot high-probability counter-trend setups using technical signals and practical examples. You’ll learn how to identify early reversal signals, why counter-trend setups can be lower-risk than you’d think, and how to apply these strategies through examples and live reviews.

Whether you’re new to options trading or leveling up your game, this is your opportunity to explore a low-risk, high-performing strategy.

The video premiered on June 25, 2025.

The stock market has been on quite the rollercoaster of late, thanks to news headlines. But investors seem to have shrugged off the past weekend’s geopolitical tensions, at least for now. 

On Tuesday, we saw a surge of enthusiasm. Investors were diving back into stocks and selling off their oil and precious metals holdings. Last week, oil prices spiked amid Middle East tensions, but have now fallen to pre-conflict levels. After what felt like a few weeks of the market moving sideways, maybe the stock market got the catalyst it needed to push the major indexes out of their trading range. A ceasefire between Israel and Iran was enough to get things going.

Stocks Get a Boost

Tuesday’s positive tone helped move the stock market higher, with the S&P 500 ($SPX) closing up 1.1%, finally breaking above the top of its trading range. The Nasdaq Composite ($COMPQ) followed suit, with both indexes within spitting distance of their all-time highs. The Nasdaq 100 ($NDX), which closed 1.53% higher, hit a new all-time high. And let’s not forget the Dow Industrials ($INDU), which is also making a strong attempt to push through key resistance levels, even though it’s a little bit further from its all-time high.

Given the Nasdaq 100’s strong performance on Tuesday, it’s worth taking a closer look at the daily chart of the Invesco QQQ Trust (QQQ).

FIGURE 1. DAILY CHART OF QQQ. The ETF hit a new high on June 24 with a potential Golden Cross. If the relative strength index and percentage price oscillator confirm upside momentum, QQQ could rise higher.Chart source: StockCharts.com. For educational purposes.

Besides hitting a new high, note that the 50-day simple moving average (SMA) crossed above the 200-day SMA. This is referred to as a Golden Cross and can be an early sign of bullishness. While it’s not a guaranteed “green light” at such an early stage, it’s worth watching to see if the 50-day SMA continues to stay above the 200-day SMA.

The relative strength index (RSI) is getting closer to overbought territory. If it crosses above 70, it would be another sign of strong bullish momentum. Similarly, the percentage price oscillator (PPO) needs to move into positive territory, meaning the shorter moving average should cross above the longer one. They’re close, but remember these are lagging indicators, meaning they’ll confirm trends that are already underway. Thus, if the 50-day SMA remains above the 20-day SMA, RSI crosses above 70, and PPO confirms upside momentum, it would confirm further upside move in QQQ.

Another interesting point to note: The Cboe Volatility Index ($VIX) closed at 17.48, which suggests investors are relatively complacent. The VIX was relatively subdued during the Middle East conflict, hitting a high of around 22. With less fear, the charts of the major indexes look like they’re going to hit fresh highs. On Tuesday, Technology, Financials, and Communication Services were the top-performing sectors.

Tech Regains Lead

The Technology sector was powered by semiconductors, which have been driving the market lately. The VanEck Vectors Semiconductor ETF (SMH) has broken above the range it’s been trading within for the last couple of weeks and is now close to its 52-week high (see daily chart of SMH below).

FIGURE 2. DAILY CHART OF SMH. Semiconductors have been driving the stock market lately and broke out above the range from the last couple of weeks.Chart source: StockCharts.com. For educational purposes.

Looking at individual stocks, NVIDIA Corp. (NVDA) was the most actively traded S&P 500 stock. A handful of big names are hitting new all-time highs, too; this includes Broadcom, Inc. (AVGO), Cisco Systems, Inc. (CSCO), International Business Machines (IBM), JP Morgan Chase (JPM), Microsoft Corp. (MSFT), and Netflix Inc. (NFLX), just to name a few. For the complete list, check out the “New Highs” panel in your StockCharts Dashboard; you’ll likely notice a significant percentage of tech stocks on the list.

The positive price action on Tuesday suggests investors are rotating into growth stocks, which signals further upside moves in the S&P 500 and Nasdaq stocks. Here’s a more encouraging sign: even the S&P 500 Equal-Weighted Index ($SPXEW) is breaking out and moving towards its highs. This indicates that the market’s strength isn’t limited to a few big, heavily-weighted growth stocks; participation is much broader.

Travel Stocks Get a Lift

Beyond tech stocks, consumer discretionary stocks also traded higher. The top three performers in the Consumer Discretionary sector were Carnival Corp. (CCL), Norwegian Cruise Lines Holdings (NCLH), and Caesars Entertainment (CZR). The MarketCarpet for the Consumer Discretionary sector below shows travel stocks were strong performers on Tuesday.

FIGURE 3. MARKETCARPET FOR THE CONSUMER DISCRETIONARY SECTOR. The table on the right shows CCL, NCLH, and CZR were the top performers.Image source: StockCharts.com. For educational purposes.

CCL’s stock price gapped up after the company reported strong earnings and guidance. An increase in cruise line bookings indicates consumer sentiment is strong. As a result, cruise lines and travel stocks traded higher. This goes against June’s Consumer Confidence report, which showed weakening confidence. It didn’t seem to impact the market, but it may come back to bite us depending on what news headlines we are likely to receive on Wednesday.

Closing Position

Tuesday’s price action suggests that equities are back on their bullish track after a period of consolidation. Will the upside move hold, or will a negative news headline bring the bears back into the market?

This is where your StockCharts tools come in handy! Keep a close eye on the performance of the major indexes and other helpful indicators such as the RSI and PPO. By using these tools, you can stay on top of the stock market and make investment decisions with greater confidence.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Join Dave as he shares how he uses the power of Fibonacci retracements to anticipate potential turning points. He takes viewers through the process of determining what price levels to use to set up a Fibonacci framework, and, from there, explains what Fibonacci retracements are telling him about the charts of NCLH, RTX, and the S&P 500

This video originally premiered on June 24, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

As the cycle of uncertainty continues to yield confusion than clarity, investors are again caught having to decide between taking an offensive and defensive posture in the market. The tough part in today’s market environment is how fast situations can shift. With headlines driving the action, sentiment can flip on a dime. So how do you position yourself when breaking news drives the market?

No one can predict how the stock market will play out in the coming months. But keeping an eye on the ratio of “offense” to “defense” stocks can offer some clues. This may not give you a decisive trade scenario, but it can provide a clearer context that can help you form a more bullish or bearish decisive bias.

For this article, let’s refer to the StockCharts Market Summary tool and zoom in on the Technology vs. Utilities ratio (XLK:XLU), which you can find in the Key Ratios – Offense vs Defense panel.

Why XLK:XLU Ratio Matters

This ratio compares the Technology Select Sector SPDR Fund (XLK) with the Utilities Select Sector SPDR Fund (XLU), both being sector proxies (see the one-year ratio chart below).

FIGURE 1. TECH VS UTILITIES RATIO: From a one-year perspective, utilities have outperformed tech.

The key question is whether capital will continue chasing innovation and growth or seek shelter in the relative stability of power grids and water systems. The answer, when it eventually comes, could signal the economy’s next move.

On the one-year chart, the XLK:XLU ratio shows an attempted recovery from a general decline. Note how the ratio percentage is negative. That’s because, over the past year, utilities have generally performed stronger than tech. But we’re seeing tech’s performance strengthening, and a sustained move toward (and eventually into) positive territory would suggest a stronger shift in bullish sentiment.

Notably, XLK and XLU are trading at their respective highs, with XLK already breaking above it. The question remains which sector may be topping or outpacing the other in a more sustained manner.

XLK Breaks Higher: A Bullish Signal?

Here’s a daily chart of XLK.

FIGURE 2. DAILY CHART OF XLK. A proxy for the tech sector, XLK has broken above resistance. The key question now is whether it can hold above this level and follow through, or if it’s topping out amid the current geopolitical uncertainties.

XLK’s surge from its April bottom, including the gap above $243, signals bullish momentum. It’s also trading above the 200-day simple moving average (SMA) while its StockCharts Technical Rank (SCTR) score has climbed above 76, signaling technical strength. Volume-wise, the Chaikin Money Flow (CMF) shows renewed strength in buying pressure, though CMF levels are down considerably since their highest levels in May.

XLU’s Rally: Strong, But Losing Steam

Compare XLK’s chart to XLU’s daily chart.

FIGURE 3. DAILY CHART OF XLU. The Utilities sector is challenging its highs, but is XLU losing steam, and will XLK eventually outpace it?

XLU is attempting to challenge its highs near the $82.50 range, though it hasn’t penetrated the top. Its SCTR score is also bullish at 77, though it’s not as convincing as that of XLK. XLU’s CMF reading also shows weakened buying pressure, as its levels are barely hovering above the zero line.

What These Charts Are Saying

Taken together, these charts aren’t about calling the next big trade. They’re about reading near-term sentiment and getting a feel for where investors think the economy is headed amid this tense geopolitical backdrop.

When both offense and defense are rising, it suggests uncertainty, with capital flowing in both directions. But when one sector pulls ahead, it may signal where institutional money is placing its bets. Whether you’re a short-term trader or long-term investor, tracking this ratio can help anchor your outlook, especially as global events continue to fuel market volatility.

Keep XLK and XLU on your ChartLists and continue to monitor this ratio, along with other comparative tools on the Market Summary page. Also, pay close attention to news developments.

At the Close

The XLK:XLU ratio might not give you the most comprehensive or surefire signal about investor sentiment, but it’s an important piece of the puzzle. It can help you see the bigger picture, which is a crucial step before placing any trades.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

In this video, Mary Ellen opens with a look at the S&P 500, noting that the index remains above its 10-day average despite a brief pullback—a sign of healthy market breadth. She points to ongoing sector leadership in technology, while observing that energy and defense stocks are breaking higher and offering fresh opportunities. From there, Mary Ellen shares stocks that experienced strong earnings, talks AI-related stocks that are on the move higher, and looks at winners and losers following the passage of the Genius Act.

This video originally premiered on June 20, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

This week, we’re keeping an eye on three major stocks that are reporting earnings. Two of them have been beaten down and are looking to turn things around, while the third has had a tremendous run and is looking to keep its extraordinary momentum going. Let’s take a closer look at each one.

Could FedEx Be Ready for a Comeback?

FedEx (FDX) had a rough go last quarter, missing its EPS estimates and slashing its full-year outlook thanks to softening demand and losing a USPS contract. That combination of earnings shortfall and downgraded guidance spooked investors, with FDX’s stock price tumbling more than 10% in the days following the release. After “Liberation Day,” share prices traded even lower.

FedEx continues to take steps to cut costs and segment spinoffs to streamline and turn the stock around. Can FedEx do it fast enough? Any positive forward guidance will be critical to drive a sustained rebound in the stock’s price.

From a technical perspective, FDX shares have bounced back to the levels traded after its last quarterly results. The stock price is coiling between its longer-term downtrend and near-term uptrend from the lows.

The good news is that shares have recaptured their 50-day moving average; the bad news is that price is bumping up to its longer-term downtrend. Something’s got to give.

The average move post-earnings is +/-5.6%. An upward move should break it out of this downtrend and set shares on a path towards its 200-day moving average, which is just under $255.A downward move would break the near-term downtrend, but could pause around the 50-day moving average and a consolidation area around $215.

Playing this stock into earnings has been a fool’s game. Wait for the dust to settle before jumping in. That could mean:

A break below the 50-day moving average and a move to the $200 level.A gap up, which could mean the end of this downtrend and should be chased to the 200-day moving average.

Micron: Time for a Breather?

Micron Technology (MU) has been on fire since selling off during the “Liberation Day” chaos. It broke below a major support area, but quickly recaptured it.

The pendulum price action was a wild swing in the opposite direction. MU’s stock price broke out above a major resistance area and is in a precarious position as Micron heads into Wednesday’s quarterly results.

MU’s stock price is extremely overbought and may struggle to keep this upward momentum going. We have seen other tech stocks, such as Broadcom (AVGO) and CrowdStrike (CRWD), experience similar moves going into earnings. Both stocks reported solid quarters and guided higher, yet sold off.

Given the 100% gain from its April 7 lows, the overbought condition, and natural support areas (old resistance) at the $114 area, a pullback to here seems logical. The area below $114 to watch is the rising 200-day moving average, which is around $96 and seems like a better entry point than chasing the stock now.

Good earnings numbers should see a small fade to the $114 area and then hold. That is what happened in other stocks with big run-ups into earnings: a fade back to the recent breakout. If Micron reports numbers below estimates and/or weak guidance, expect a deeper pullback to the 200-day, which should act as strong support if tested again. Any further rally should be faded as MU nears $150 and all-time highs. That could put its relative strength index (RSI) into the 90s; historically, that doesn’t hold for very long.

Nike (NKE): Waiting for a Spark

Nike (NKE) has traded lower after eight of its last nine earnings reports, including the last six in a row. Shares are still down 66% from their 2021 all-time highs and, year-to-date, are lower by 21%.

It has been a tough environment for the iconic sports brand. Shareholders have been anxiously waiting for new management to turn things around, but high inventories and now tariff concerns have stymied any sense of a sustainable rally.

Technically speaking, things aren’t looking good. Investors are looking for any sign of a turnaround or a tradable bottom. While there has been minor progress coming off the lows, there’s nothing to indicate the stock is back.

Momentum indicators have turned bearish. The RSI has crossed below its midline, while the moving average convergence/divergence (MACD) had a bearish crossover.

Entering the week, the stock is at a good support level around $59, which brings the 50-day moving average and recent lows into play. While NIKE’s stock price has a lot to reverse and looks tempting, there is still much overhead resistance to give the all clear and jump into the trade, based on this week’s earnings. Positive news could see a tradeable upside to its 200-day moving average, which should then be faded.

For this stock to finally reverse, it needs more time and a few quarters of solid growth. It may be wiser to buy shares on a breakdown towards its lows around $52. If that occurs, then expect it to hold and rally back over the weeks ahead of its next quarterly result. 

The Bottom Line

This week’s earnings action is a good reminder to stay patient and be selective. Watch how these stocks react after earnings rather than trying to forecast the move. Sometimes, waiting for confirmation is the best strategy, especially when markets are so reactive.

Some Sector Reshuffling But No New Entries/Exits

Despite a backdrop of significant geopolitical events over the weekend, the market’s reaction appears muted — at least in European trading. As we assess the RRG best five sectors model based on last Friday’s close, we’re seeing some interesting shifts within the top performers, even as the composition of the top five remains unchanged.

The jump in Technology’s ranking is particularly noteworthy, especially when compared to Consumer Discretionary’s drop to the bottom of the list (position #11). These two sectors often move in tandem, so this divergence is worth keeping an eye on.

(1) Industrials – (XLI)(5) Technology – (XLK)*(3) Communication Services – (XLC)(2) Utilities – (XLU)*(4) Consumer Staples – (XLP)*(7) Real-Estate – (XLRE)*(6) Financials – (XLF)*(8) Materials – (XLB)(11) Energy – (XLE)*(10) Healthcare – (XLV)(9) Consumer Discretionary – (XLY)*

Weekly RRG Analysis

On the weekly Relative Rotation Graph, the Technology sector is showing impressive strength. Its tail is well-positioned in the improving quadrant, nearly entering the leading quadrant with a strong RRG heading. This movement explains Technology’s climb back into the top ranks.

Industrials remains the only top-five sector still inside the leading quadrant on the weekly RRG. It continues to gain relative strength, moving higher on the JdK RS-Ratio axis, while slightly losing relative momentum. All in all, this tail is still in good shape.

Utilities, Communication Services, and Consumer Staples are all currently in the weakening quadrant. Utilities and Staples show negative headings but maintain high RS-Ratio readings, giving them room to potentially curl back up. Communication Services is starting to curl back up toward the leading quadrant.

Daily RRG

Switching to the daily RRG, we get a more nuanced picture:

Industrials: In the lagging quadrant with stable relative momentum, this sector needs an improvement in relative strength soon to remain in the top positionTechnology: Almost static at a high RS-Ratio reading, indicating a stable relative uptrendCommunication Services: Back in the leading quadrant and still moving higherUtilities and Consumer Staples: Low readings but curling back up, with Utilities already re-entering the improving quadrant

This daily view suggests that Utilities and Consumer Staples might maintain their positions in the top five, while raising some concerns about Industrials’ short-term performance.

Industrials: Resistance Roadblock

The industrial sector is grappling with overhead resistance between 142.5 and 145. This struggle is impacting the raw relative strength line, which has rolled over, causing the RS-Momentum line to curl as well.

The RS-Ratio remains elevated and moving higher, but the resistance level is a key area to watch.

Technology: Strong Despite Struggles

XLK is facing overhead resistance in the 240 area for the third consecutive week.

From a relative perspective, however, the sector looks robust. The raw RS line broke from its falling channel and is clearly moving higher, dragging both RRG lines upward and pushing XLK into the leading quadrant on the weekly RRG.

Communication Services: Balancing Act

XLC is battling resistance around 105, with its raw RS line remaining inside its channel but slowly curling up against rising support.

To maintain its position, we’ll need to see either higher prices for XLC or lower prices for SPY in the coming weeks.

Utilities and Consumer Staples: Range-Bound Challenges

Both sectors are stuck within their respective trading ranges, causing their RRG lines to roll over.

With SPY moving higher, their relative strength is under pressure, positioning both tails in the weakening quadrant on negative RRG headings.

Portfolio Performance Update

From a portfolio perspective, we’re seeing a slight improvement, but the underperformance still persists.

We’re continuing to track movements and position the portfolio according to the mechanical model that is the foundation of this best five sectors series.

Looking Ahead

With no changes to the top five sector positions, we’ll be closely monitoring how this selection holds up in the coming week. The divergence between Technology and Consumer Discretionary is particularly intriguing, and the struggles with overhead resistance across several sectors could prove pivotal.

Imho, the limited market reaction to the weekend’s geopolitical events (so far) suggests a certain resilience, but we’ll need to stay alert for any delayed impacts or shifts in sentiment.

#StayAlert and have a great week ahead. –Julius

The S&P MidCap 400 SPDR (MDY) is trading at a moment of truth as its 5-day SMA returns to the 200-day SMA. A bearish trend signal triggered in early March. Despite a strong bounce from early April to mid May, this signal remains in force because it has yet to be proven otherwise. Today’s report will show how to quantify signals and reduce whipsaws using the percentage difference between two SMAs.

First note that MDY is lagging SPY and QQQ because its 5-day has yet to cross above its 200-day. The latter two saw bullish crosses in mid May, over a month ago. A bullish breakout in MDY would reflect broadening upside participation, which would be bullish for stocks. The PerfChart below shows SPY and QQQ with year-to-date gains. MDY and IWM are down year-to-date. 

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TrendInvestorPro continues to follow the leading uptrends and recent breakouts in metals-related ETFs. These include gold, silver, palladium, platinum, copper and associated miners. Tech-related ETFs are also leading and featured in our reports/videos. Click here to learn more and get full access to our research.

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The chart below shows MDY hitting its moment of truth as the 5-day SMA (black line) bumps against the underside of the 200-day SMA (blue line). A bearish cross occurred in late February and this signal has yet to be reversed. However, I am not watching for a simple 5/200 cross. Instead, I want to see the 5-day SMA clear the 200-day SMA by a certain percentage. This is a signal threshold.

The indicator window shows Percent above MA (5,200,1), which measures the percentage difference between the 5 and 200 day SMAs. See the TIP Indicator Edge Plugin for details. I placed signal thresholds at +3% and -3% to reduce whipsaws. A bullish signal triggers with a move above +3% and a bearish signal triggers with a move below -3%. At the very least, this indicator value is still negative and bearish. A move above 0 would reflect a positive 5/200 cross, while a move above +3% would trigger a bullish trend signal. This indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP.

The signal threshold levels depend on your personal preferences and trading styles. Tighter thresholds generate earlier signals, but with more whipsaws. Wider thresholds reduce whipsaws, but increase signal lag. This is always the tradeoff. I prefer plus/minus 1 percent when using the 5/200 cross for SPY. I widened these thresholds to plus/minus 3 percent for MDY because it is more volatile.

TrendInvestorPro continues to follow the leading uptrends and recent breakouts in metals-related ETFs. These include gold, silver, palladium, platinum, copper and associated miners. Tech-related ETFs are also leading and featured in our reports/videos. Click here to learn more and gain immediate access. 

In today’s “Weekly Market Recap”, EarningsBeats.com’s Chief Market Strategist Tom Bowley looks ahead to determine the likely path for U.S. equities after the weekend bombing of Iran nuclear sites. Are crude prices heading higher? Will energy stocks outperform? What additional roadblocks might we have to negotiate after the latest Fed meeting and policy statement? Could we see fallout from June monthly options expiring on Friday? Check it all out in the video below….

Happy trading!

Tom