04/27/2019 | by Brad Ritter

Market Update Into 4/29: Bulls Take Control to Finish Out April

BlogPrepare for the Trading WeekMarket Update Into 4/29: Bulls Take Control to Finish Out April

In this weekend’s analysis, we take a look at the broad market ETFs into the last few days of April. As divergence was showing its head last week on $SPY and $QQQ, it seems bulls have decided this run isn’t over as all-time highs were hit in tech and nearly hit on S&P. Make sure to also check out how we utilize the multi-factor and trendline alerts for the system to watch into next week.

Weekend Update

$SPY: Daily vs. Weekly Chart

$SPY daily and weekly charts.

$QQQ: Daily vs. Weekly Chart

$QQQ daily and weekly charts.

$XBI: Daily vs. Weekly Chart

$XBI daily and weekly charts.

$XBI: Before vs. After

This weekend’s “before” and “after” shows $XBI breaking down last week as the RSI, %R, and Vortex broke down through the levels that the multi-factor alert was set to watch. If you have any set of criteria that you like to trade, you can input it into an alert and the system will track when all conditions are met and then alert you. To learn more about this feature, check out our blog post here.