ETF Talk

Party Over for Nasdaq QQQ, AAPL, AMZN?

Tech stocks have been on fire before hitting an ‘air pocket’ last week. Is the current dip the end of the tech party or a buying opportunity?
After pointing out Fibonacci resistance (for QQQ) at 143.75, the May 31 Profit Radar Report noted that: “The Nasdaq-100 painted a bearish reversal candle...

Comprehensive S&P 500 Update

The latest S&P 500 all-time high clocked in at 2,440 as the S&P 500 continues to plow over bearish forecasts
Will the S&P 500 in particular, and stocks in general, continue to slog higher?
Here is our comprehensive forecast based on the “four stock market engines:”
Supply &...

S&P 500 Update

This article was published on June 1, 2017 at 9:00am PST on

15 points in 12 weeks. That about sums up the S&P 500 ‘progress’ since March 1.

The March 21 Profit Radar Report warned that: “In terms of Elliott Wave Theory, the March 1 high (2,400.98) is a wave 3 high. This means we are in a wave 4 correction. Waves 4 are the most choppy, and unpredictable of all waves. The coming months will likely test investors patience.”

Barron’s rates iSPYETF as “trader with a good track record” and Investor’s Bussines Daily says “When Simon says, the market listens.” Find out why Barron’s and IBD endorse Simon Maierhofer’s Profit Radar Report...

This ETF Flaw Caused Subscribers a 30% Loss, But we Fought Back

I am about to share the worst trade of my carrier with you. It cost me a fair amount of sleep (and probably cost me a number of subscribers, who must have thought Simon is quite the moron).
Here is the sad tale of a good trade hijacked by an ETF flaw (fortunately there’s a happy ending).

How Alarming is the 23-year VIX Low?

According to Barron’s, the VIX is flashing a stock market warning. Barron’s is not alone. If you threw a water balloon in a room filled with analysts, odds are you’ll hit someone who’s bearish stocks because of the VIX.
Facts Trump Opinions
VIX readings below 10 are rare. There’ve only been 9...

S&P 500 Update – Churning for a Burning?

The S&P 500 reached our minimum down side target and rallied strongly. Is this rally for real or are stocks just ‘churning for another burning’? Bullish Signals; This week’s rally is credited to the French election, but a series of solid buy signals triggered days before the news from France. The CBOE equity put/call ratio signaled a S&P 500 rally. Contango and the VIX/VXV ratio signal a VIX decline. The chart below – which plots the S&P 500 against the VIX, VIX/VXV ratio, CBOE equity put/call ratio, and contango – was published in the April 16 PRR along with the following commentary:“The VIX/VXV ratio, equity put/call ratio and contango are at multi-month extremes.It appears like the amount of sellers left (needed to drive prices lower)...

Is the Correction Already over or Just Re-loading?

The last free update (March 2: S&P 500 Reaches Up Side Target – Now What?) pointed out that the S&P 500 reached our up side target, and that risk of a pullback is increasing.
Since March 1, the S&P lost as much as 79 points, the largest drop since last October (followed by a...

Will the Dow’s Record Streak End with a Bang?

On Monday, February 27, the Dow Jones Industrial Average (DJIA) recorded its 12th consecutive up day. This is the second longest such streak since 1930 (the longest run was 13 days in January 1987).
The S&P 500 hasn’t dropped more than 1% a day for 104 trading days.
The record gains haven’t...

S&P 500 Reaches Up Side Target – Now What?

The S&P 500 has reached the up side target zone highlighted in February and August/September 2016. Now what?
The August 28, 2016 PRR published the chart below and stated: “Elliott Wave Theory and the June breadth thrust suggest that any weakness will be bought (perhaps even furiously). We...