ETF Talk

Crowd Psychology: Bears Needed to Get Burned

The Profit Radar Report monitors dozens of indicators to compile a broad-based and educated forecast. All those indicators fall into one of the following four categories:
Supply & Demand (Liquidity)
Technical Analysis
Investor Sentiment (Crowd Psychology)
Seasonalities, Cycles &...

Can the S&P 500 Suffer Another ‘Air Pocket Decline?’

The last S&P 500 update highlighted the bearish implications of trend line resistance and the ominous VIX wedge.
I reiterated the importance of this trend line in the July 28 Profit Radar Report when stating that: “We are looking at many indicators, but the purple trend line – boring as it...

Legit or Counterfeit? Stock Market ‘Moment of Truth’ is Here

Is this rally legit or counterfeit? The ‘moment of truth’ is here, and we should soon find out.
How so?
I published the below S&P 500 chart in the June 2 Profit Radar Report and have been watching the purple projection ever since. The expanding purple lines outline a megaphone or expanding...

5 ‘Keep it Simple’ Stock Charts and 1 Bearish Constellation

The rally from the June 3 low has created many bullish price and breadth patterns and studies (5 of them are discussed here). The market has followed through on them thus far.
However, the short-term Elliott Wave structure does not look bullish, and the long-term projection published in the...

Gold Update

Gold has been on fire! Up almost 10% over the past month.
I would be more thrilled about gold’s run if it hit my down side target first.
The March 3 Profit Radar Report featured this longer term projection for gold (yellow lines, chart below).
Barron’s rates iSPYETF as “trader with a good track...

S&P 500 – Are New Highs Sustainable?

The June 2 Profit Radar Report featured the chart below and stated that: “S&P 500 Futures are down some 15 points in Sunday night’s session and already reached their first target. Aggressive investors afraid of missing out on a bounce (which could turn into something more) may put some...

S&P 500 Update – Big Fake or Little Fake?

As mentioned in the last S&P 500 update we were looking for stocks to continue lower into the next target/inflection zone, which was around 2,740 (May 29 Profit Radar Report: “We expect 2,740 – 2,720 to be reached. From there, a larger bounce may develop.”).
Sunday’s (June 2) Profit Radar...

S&P 500 – The Ideal Path

The S&P 500 has been following the yellow projection published in the May 13 Profit Radar Report. The original projection along with updated price is shown below, the original May 13 Profit Radar Report update is available here.
Barron’s rates iSPYETF as “trader with a good track record” and Investor’s Business Daily says: “When Simon says, the market listens.” Find out why Barron’s and IBD endorse Simon Maierhofer’s Profit Radar Report. Moving forward, here is a very simple approach: Lase week, the S&P 500 broke below long-term black trend channel support. This support is now resistance (around 2,830). Additional resistance is provided by last week’s low (2,801). While below 2,801 – 2,830 we are looking for more weakness. A move above resistance could unlock a rally to about 2,900, which would likely be an...

S&P 500 Update

Last week, the Profit Radar Report stated that: “We would be interested to buy if the S&P 500 drops below 2,810 and subsequently rallies back above 2,830. Although we don’t know how much the S&P would rally, we want to have some skin in the game.”
Barron’s rates iSPYETF as “trader with...