The bank ETF is starting to slip and for technicians, it is at a worrisome place on the charts. Greg reviews the implications of the chart changes on the broader perspective of the bear market.
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Website: https://ospreystrategic.org
Twitter, @SchnellInvestor: https://twitter.com/Schnellinvestor
Blog: https://stockcharts.com/articles/canada/
As the market has moved sideways for the last two weeks, it has been a mixed basket trying to find strong outperformance. Greg works through the current setup on the indexes and then shows how to use ETF ChartLists to find strong areas in the market using SCTR's.
To learn about SCTR's:
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The indexes have chopped sideways for almost two weeks. Tuesday brought a glimmer of hope with the SPX breaking out to a fresh high close for the rally. Overhead resistance is right at the 200 day, and Greg explains why it has been hard to find winners recently.
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Greg rolls through the changes in the indexes over the last month and talks about using some indicators for clues on when the rally maybe overdone. He also discusses Chandelier Stops, Moving Average Stops, and when it makes sense to tighten stops.
Connect with Greg -
Website: https://ospreystra...