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Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF 8/20/2025

XLK, the Technology Select Sector SPDR Fund ETF has had a seesaw of a year, gaining +16.72% over the past year, including a remarkable +51.89% since their 52-week low in April of 2025, while sitting just -2.54% below their 52-week high set last week (all figures are ex-distributions).

Much of this is due to the hype surrounding Artificial Intelligence, chips & Semiconductors, as well as many of the other cloud, hardware & software names that have been prominent for many years.

Some of their largest holdings include NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Broadcom Inc. (AVGO), Palantir Technologies Inc. (PLTR), Advanced Micro Devices (AMD), Cisco Systems Inc. (CSCO), Salesforce Inc. (CRM) & International Business Machines Corp. (IBM).

Markets are hovering near all-time highs, which means it is wise to be prepared for a pull-back, which as I’ve noted before will likely be lead by the NASDAQ & the tech names that heavily comprise the index, making it a wise idea to check in on volume sentiments from recent history for XLK.

The note below can be beneficial for understanding the broader market, as well as for assessing the strength or weakness of any component stock holdings.

It is also designed for analyzing the strength/weakness of support/resistance levels for XLK, which can be beneficial for making decisions about positioning.

It is not intended as financial advice, just something to consider when performing your own due diligence.

Technical Analysis Of XLK, The Technology Select Sector SPDR Fund ETF

XLK ETF - Technology Select Sector SPDR Fund ETF's Technical Performance Over The Past Year — XLK ETF – Technology Select Sector SPDR Fund ETF’s Technical Performance Over The Past Year

Their RSI is a hair above the neutral mark, sitting at 50.14, while their MACD is bearish & its histogram suggests that this will be the prevailing trend in the near-to-mid-term.

Volumes have been +27.2% higher than the prior year’s average this past week & a half (6,645,714 vs. 5,224,622), which should raise eyebrows given that three of the top four highest volume sessions in that time were on declines.

Last week began on a note similar to QQQ & the other major indexes (weekly note here), with the day’s candle being just shy of forming a bearish engulfing pattern with the prior Friday’s, with light volume adding to the uncertainty.

Tuesday opened lower, declined down to test the support of the 10 day moving average, before plowing higher for a daily advance of +1.55%, but again, volume was lackluster & it became clear that there was a bit of fear in the air.

Wednesday opened on a gap higher to set a new all-time high, but profits were taken & the highest advancing session of the period described wound up closing lower than it opened, again signaling that market participants were looking for the door.

Thursday brought the beginning of the exodus, when the highest volume session of the week & a half period opened on a gap down, and was only able to close higher than it opened due to the high volume of traders, but the bearish sentiment had entered the room.

Friday opened lower & set the stage for a cool down period, declining to test the 10 DMA’s support, but not breaking down through it & it was able to close above the support level heading into the weekend, but it appeared wounded.

Monday opened the new week up in-line with the 10 day moving average, & managed to squeak out an advance of +0.21%, but the low volume was unconvincing & forebode that there was trouble on the horizon.

Tuesday featured the 10 day moving average’s support giving out on elevated volume, likely indicating that there is more pain on XLK’s near-term horizon & their RSI/MACD confirm that there’s a bit of room to run to the downside.

The upside case from here requires advances that are not due to gaps that have sustained high volume that is comparable to the past week & a half, but with less declining volume, as breaking through all-time highs eventually requires more steam to be maintained.

The consolidation case is XLK oscillates around the 10 DMA & then between the 10 & 50 DMA’s as the latter approaches closer to the price in the coming days.

The downside case begins with all eyes on the strength of the 50 day moving average, which resides in a historic Seller Zone (1.09:1), which is cause for caution as well, given that there is -5.3% between the 50 DMA & the next highest support level, which provides room for free fall.

The good news in the event that that happens is that between $240.75-242.31 there are a few support levels, but that loses meaning when you realize how close the 200 DMA is.

If that zone gets tested, the long-term trendline comes into play, which brings into play the possibility of the window created by the gap up in May being filled.

This makes it important to have a gauge as to how market participants have behaved historically at these price levels in order to gain insight into how they may behave again in the future.

The section below lays out the one year support & resistance levels of XLK, as well as the volume sentiment of the price levels that they’ve traded at over the past ~3 years.

Note that while there were some prices in that range below the table’s cut off point, the volumes there relative to the volumes at the levels listed were neglible & would continue the “NULL, 0:0*”‘s shown at the $110/share zone.

Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLK from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Tuesday 8/19/2025’s closing data for their price & moving averages/other technicals, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLK has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK.

Price Level:Volume Sentiment For XLK ETF For The Past ~3 Years At Their One Year Support & Resistance Levels

XLK ETF's Price Level:Volume Sentiment Over The Past ~3 Years — XLK ETF’s Price Level:Volume Sentiment Over The Past ~3 Years

$272 – NULL – 0:0*, +4.02% From Current Price Level

$268 – Buyers – 0.6:0*, +2.49% From Current Price Level

$264 – Buyers – 5.5:1, +0.96% From Current Price Level – 10 Day Moving Average*

$260 – Buyers – 2.31:1, -0.57% From Current Price Level – Current Price Level*

$256 – Buyers – 1.58:1, -2.1% From Current Price Level

$252 – Sellers – 1.09:1, -3.63% From Current Price Level – 50 Day Moving Average*

$248 – Even – 1:1, -5.16% From Current Price Level

$244 – Buyers – 0.6:0*, -6.69% From Current Price Level

$240 – Buyers – 3.23:1, -8.22% From Current Price Level

$236 – Buyers – 2.1:1, -9.75% From Current Price Level

$232 – Buyers – 1.53:1, -11.28% From Current Price Level – 200 Day Moving Average*

$228 – Sellers – 1.01:1, -12.81% From Current Price Level

$224 – Sellers – 1.02:1, -14.34% From Current Price Level

$220 – Buyer s- 1.23:1, -15.87% From Current Price Level

$216 – Buyers – 1.39:1, -17.4% From Current Price Level

$212 – Buyers – 1.18:1, -18.93% From Current Price Level

$208 – Buyers – 1.5:1, -20.46% From Current Price Level

$204 -Buyers – 1.49:1, -21.99% From Current Price Level

$200 – Buyers – 1.29:1, -23.52% From Current Price Level

$198 – Buyers – 1.84:1, -24.28% From Current Price Level

$196 – Sellers – 2.6:1, -25.04% From Current Price Level

$194 – Sellers – 4.45:1, -25.81% From Current Price Level

$192 – Buyers – 1.12:1, -26.57% From Current Price Level

$190 – Buyers – 1.32:1, -27.34% From Current Price Level

$188 – Buyers – 3.08:1, -28.1% From Current Price Level

$186 – Buyers – 2.11:1, -28.87% From Current Price Level

$184 – Buyers – 2.2:1, -29.63% From Current Price Level

$182 – Buyers – 1.55:1, -30.4% From Current Price Level

$180 – Sellers – 2.36:1. -31.16% From Current Price Level

$178 – Sellers – 1.38:1, -31.93% From Current Price Level

$176 – Buyers – 1.39:1, -32.69% From Current Price Level

$174 – Buyers – 2.4:0*, -33.46% From Current Price Level

$172 – Sellers – 1.44:1, -34.22% From Current Price Level

$170 – Buyers – 1.77:1, -34.99% From Current Price Level

$168 – Buyers – 2.24:1, -35.75% From Current Price Level

$166 – Buyers – 1.62:1, -36.52% From Current Price Level

$164 – Sellers – 1.85:1, -37.28% From Current Price Level

$162 – Buyers – 3.2:1, -38.05% From Current Price Level

$160 – Sellers – 1.17:1, -38.81% From Current Price Level

$158 – Sellers – 1.75:1, -39.58% From Current Price Level

$156 – Buyers – 0.9:0*, -40.34% From Current Price Level

$154 – Buyers – 3:1, -41.11% From Current Price Level

$152 – Sellers – 0.6:0*, -41.87% From Current Price Level

$150 – Buyers – 1.5:1, -42.64% From Current Price Level

$148 – Buyers – 1.65:1, -43.4% From Current Price Level

$146 – Even – 1:1, -44.17% From Current Price Level

$144 – Sellers – 6:1, -44.93% From Current Price Level

$142 – Buyers – 5:1, -45.7% From Current Price Level

$140 – Buyers – 1.96:1, -46.46% From Current Price Level

$138 – Sellers – 2.75:1, -47.23% From Current Price Level

$136 – Buyers- 1.9:1, -47.99% From Current Price Level

$134 – Buyers – 3:1, -48.76% From Current Price Level

$132 – Buyers – 1.06:1, -49.52% From Current Price Level

$130 – Buyers – 1.23:1, -50.28% From Current Price Level

$128 – Buyers – 2.5:1, -51.05% From Current Price Level

$126 – Sellers – 1.95:1, -51.81% From Current Price Level

$124 – Sellers – 1.04:1, -52.58% From Current Price Level

$122 – Buyers – 1.43:1, -53.34% From Current Price Level

$120 – Buyers – 1.44:1, -54.11% From Current Price Level

$118 – Sellers – 1.21:1, -54.87% From Current Price Level

$116 – Buyers – 1.6:1, -55.64% From Current Price Level

$114 – Sellers – 2.6:0*, -56.4% From Current Price Level

$112 – NULL – 0:0*, -57.17% From Current Price Level

$110 – NULL – 0:0*. -57.93% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/19/2025

The VIX closed at 15.57, indicating an implied one day move of +/-0.98% & an implied one month move of +/-4.5% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/19/2025’s Close:

1 – EBAY

2 – WDC

3 – STX

4 – GNRC

5 – GEV

6 – PLTR

7 – FSLR

8 – ANET

9 – APH

10 – IDXX

Lowest Technical Rated S&P 500 Components Per 8/19/2025’s Close:

1 – IT

2 – TTD

3 – CNC

4 – MOH

5 – LULU

6 – CHTR

7 – DOW

8 – ALGN

9 – FTNT

10 – ENPH

Highest Volume Rated S&P 500 Components Per 8/19/2025’s Close:

1 – PANW

2 – INTC

3 – MDT

4 – CB

5 – CSX

6 – HD

7 – FTNT

8 – DAY

9 – PLTR

10 – OTIS

Lowest Volume Rated S&P 500 Components Per 8/19/2025’s Close:

1 – PNW

2 – XYZ

3 – BRO

4 – LUV

5 – DECK

6 – DTE

7 – K

8 – EVRG

9 – CNP

10 – ES

Highest Technical Rated ETFs Per 8/19/2025’s Close:

1 – DTSRF

2 – ETU

3 – WEED

4 – ETHT

5 – ETHU

6 – PTIR

7 – YOLO

8 – CETH

9 – ETHW

10 – ETHV

Lowest Technical Rated ETFs Per 8/19/2025’s Close:

1 – ETHD

2 – ETQ

3 – UVIX

4 – HZEN

5 – BOIL

6 – MSTX

7 – AIYY

8 – MSTU

9 – CONI

10 – NVDQ

Highest Volume Rated ETFs Per 8/19/2025’s Close:

1 – NXTI

2 – NRES

3 – FEUS

4 – HYSD

5 – RSDE

6 – GGUS

7 – FEDM

8 – SAUG

9 – SPC

10 – ASMF

Lowest Volume Rated ETFs Per 8/19/2025’s Close:

1 – TBFG

2 – NUGO

3 – ZTRE

4 – KJUN

5 – ZTWO

6 – BHYB

7 – SIXH

8 – QTOC

9 – IQSU

10 – USCA

Highest Technical Rated General Stocks Per 8/19/2025’s Close:

1 – ZEPP

2 – ISTKF

3 – NEGG

4 – HGRAF

5 – ABVX

6 – ANTE

7 – CGTX

8 – IPA

9 – CELC

10 – YYAI

Lowest Technical Rated General Stocks Per 8/19/2025’s Close:

1 – ORGS

2 – ADD

3 – FLYE

4 – WAI

5 – MYNAY

6 – PTHL

7 – GVH

8 – RAYA

9 – HWNID

10 – OST

Highest Volume Rated General Stocks Per 8/19/2025’s Close:

1 – GXAI

2 – PRFX

3 – DEA

4 – LASE

5 – TLPH

6 – OUT

7 – BINI

8 – CISS

9 – FLNT

10 – PWM

Lowest Volume Rated General Stocks Per 8/19/2025’s Close:

1 – RGXTF

2 – INIS

3 – PTALF

4 – OMTK

5 – KDOZF

6 – NSFDF

7 – CIAFF

8 – BRWXF

9 – IPDN

10 – SHCAY

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/18/2025

The VIX closed at 14.99, indicating an implied one day move of +/-0.94% & an implied one month move of +/-4.33% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/18/2025’s Close:

1 – PLTR

2 – GEV

3 – FSLR

4 – WDC

5 – EBAY

6 – STX

7 – ANET

8 – AMD

9 – GNRC

10 – NEM

Lowest Technical Rated S&P 500 Components Per 8/18/2025’s Close:

1 – IT

2 – TTD

3 – CNC

4 – MOH

5 – CHTR

6 – DOW

7 – LULU

8 – FICO

9 – FI

10 – ENPH

Highest Volume Rated S&P 500 Components Per 8/18/2025’s Close:

1 – DAY

2 – FSLR

3 – UNH

4 – PANW

5 – INTC

6 – WM

7 – SOLV

8 – ROST

9 – FTNT

10 – IT

Lowest Volume Rated S&P 500 Components Per 8/18/2025’s Close:

1 – DDOG

2 – TXN

3 – NTRS

4 – OMC

5 – BEN

6 – ON

7 – ETN

8 – GE

9 – JBHT

10 – SNPS

Highest Technical Rated ETFs Per 8/18/2025’s Close:

1 – PTIR

2 – MSOX

3 – ETU

4 – ETHT

5 – ETHU

6 – WEED

7 – MSOS

8 – GXLM

9 – YOLO

10 – AMDL

Lowest Technical Rated ETFs Per 8/18/2025’s Close:

1 – ETHD

2 – ETQ

3 – UVIX

4 – CONI

5 – NVDQ

6 – NVD

7 – SETH

8 – AIYY

9 – SOXS

10 – BOIL

Highest Volume Rated ETFs Per 8/18/2025’s Close:

1 – PBJL

2 – KSEP

3 – IVOV

4 – GFGF

5 – AHYB

6 – VMAX

7 – BAMU

8 – ASLV

9 – ACLC

10 – AUGM

Lowest Volume Rated ETFs Per 8/18/2025’s Close:

1 – EMCS

2 – NUGO

3 – GAEM

4 – QIS

5 – ZDHG

6 – TBFG

7 – QCOC

8 – BDEC

9 – TAFL

10 – ZAPR

Highest Technical Rated General Stocks Per 8/18/2025’s Close:

1 – AFIIQ

2 – ZEPP

3 – HGRAF

4 – NEGG

5 – ENTO

6 – GOEVQ

7 – ABVX

8 – IPA

9 – AMYZF

10 – CELC

Lowest Technical Rated General Stocks Per 8/18/2025’s Close:

1 – MYNAY

2 – CSSEQ

3 – VAXX

4 – CYCA

5 – SONX

6 – BIGGQ

7 – BINI

8 – CNTM

9 – WDDD

10 – CGBSF

Highest Volume Rated General Stocks Per 8/18/2025’s Close:

1 – PPCB

2 – VTAK

3 – ASBP

4 – OUT

5 – WGRX

6 – UNIT

7 – SHCO

8 – NVFY

9 – DHAI

10 – ENLV

Lowest Volume Rated General Stocks Per 8/18/2025’s Close:

1 – VXTRF

2 – VNPKF

3 – OMZNF

4 – LICYQ

5 – BCUFF

6 – JEWL

7 – NSRCF

8 – DZSIQ

9 – WMLLF

10 – MVNC

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***

Weekly Stock & ETF Market Review 8/17/2025

SPY, the SPDR S&P 500 ETF gained +0.98% this past week, while the VIX closed at 15.09, indicting an implied one day move of +/-0.95% & an implied one month move of +/-4.36%.

SPY ETF - SPDR S&P 500 ETF's Technical Performance Over The Past Year — SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year

Their RSI is trending downward & currently sits at 65.66, while their MACD is bullish following Wednesday’s gap up session, but it should be noted that it is very muted per its histogram.

Volumes were -0.14% below the prior year’s average (60,744,000 vs. 60,831,032), which calls into question the strength of the move higher on the week, given that Wednesday’s gap up led to an immediate consolidation period.

Monday the week kicked off with a hint of uncertainty in the air, as SPY opened slightly lower, was unable to get anything together to move higher & the day resulted in a decline of -0.2% on low volume.

The session also resulted in a spinning top candle, indicating that there was a good deal of uncertainty in the air & that market participants were waiting on an upside/downside catalyst.

Tuesday opened on a gap up, retraced into Monday’s real-body range, but powered higher on the second highest volume of the week to close +1.06% higher on the day.

Wednesday brought more murkiness to SPY’s chart, as a gap up open ultimately resulted in a doji candle, indicating that market participants were slightly uneasy, but the similar opening/closing levels show that Buyers & Sellers were happy to meet at about the same price, signaling temporary equilibrium.

Thursday opened lower, but bulls reluctantly stepped in & pushed SPY +0.0.1% higher on the day, as wait & see became the story.

Friday’s session opened on a gap higher, but profits were taken on the highest volume session of the week for a decline of -0.23% on the day & the cracks began to be exposed.

The upside case for this week & SPY is the same as it has been for weeks-to-months now, as SPY continues to squeak out record highs.

It’s beginning to appear more fragile than its been in the past though, but this isn’t anything that hasn’t been said before & its still managed to push higher, but it bares repeating.

Given the low amount of economic information & earnings reports this week it is most likely that any additional new highs will be a result of gap ups, similar to what we’ve seen so many times now, and still an indicator of uneasiness among market participants.

Also, as mentioned each week, there will need to be stronger advancing volume that is consistent for any further upside movements to remain sustainable.

The consolidation case looks to be a closing of the window that formed on Wednesday’s gap up, while SPY awaits an upside or downside catalyst & oscillates around the 10 day moving average.

Assuming the 10 DMA can catch up to price, this is likely to occur this week while we await Friday’s Fed Chair Powell Jackson Hole remarks, but there are a number of other Fed speakers this week as well.

The downside case occurs when the 10 DMA’s support breaks down, which conveniently is possible given that historically over the past ~3 years, the price zone that SPY’s 10 day moving average is in has been Seller dominated at a rate of 1.5 Sellers : 1 Buyer.

In this case, the 50 DMA’s support will also be challenged, and it too lies in the same $620-624.99/share price zone that has been marked by bearish Seller oriented behavior.

Should this occur, the $619.29/share level is the last hope before all eyes should look to the$609.59/share support level.

Should it escalate to that point, the window from late June 2025’s gap up comes into view & may be closed shortly after, but that’s not an area of focus just yet.

SPY has support at the $639.85 (Volume Sentiment: Sellers, 1.5:1), $637.32 (10 Day Moving Average, Volume Sentiment: Sellers, 1.5:1), $620.64 (50 Day Moving Average, Volume Sentiment: Sellers, 1.5:1) & $619.29/share (Volume Sentiment: Buyers, 1.8:1) price levels, with resistance at the $646.19/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.

SPY ETF's Price Level:Volume Sentiment Over The Past ~3 Years — SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years

QQQ, the Invesco QQQ Trust ETF added +0.49% last week, as market participants were not overly eager to jump into the tech-heavy index.

QQQ ETF - Invesco QQQ Trust ETF's Performance Over The Past Year — QQQ ETF – Invesco QQQ Trust ETF’s Performance Over The Past Year

Their RSI is also retreating back towards the neutral 50-mark & is currently at 64.24, while their MACD is narrowly bullish & looking primed to cross the signal line bearishly by mid-week.

Volumes were +6.59% above the prior year’s average (42,000,000 vs. 39,404,008), which should be paid attention to given that the two highest volume sessions of the week were Thursday & Friday’s declines.

Monday opened the week up on a sour note for QQQ, but the day’s upper shadow indicated that there was some untapped upside sentiment still among market participants.

Tuesday this became clear when a gap up open retraced into Monday’s real body range, but bulls came out & were able to force QQQ’s price higher & the session closed near the day’s high, gaining +1.26% on the day.

Wednesday is where things began to unwind though & uneasiness crept into the market.

The session opened on a gap up, but faults emerged & the day closed lower than it opened, despite gaining +0.05% day-over-day.

Thursday opened on a gap down, and the second highest volume session of the week was a mix of profit taking & speculation, as QQQ was able to march higher than it opened & briefly cross back above the $580/share level, before closing down -0.08%.

Friday the profit takers re-emerged, as the session resulted in a -0.44% decline & the candle’s lower shadow indicates that there was still some negative sentiment in the air & that QQQ is beginning to look more appealing at a lower price.

Similar to SPY, QQQ’s upside case involves a new all-time high & will require an influx of advancing volume that is consistent in order to remain sustainable.

The consolidation case focuses on oscillating around the 10 day moving average while awaiting an upside or downside catalyst, which seems likely to be how we spend much of this week based on the earnings reports & economic data that is scheduled for release.

The downside case emerges with the breakdown of the 10 day moving average’s support.

In the event that the 10 DMA’s support level breaks down things get a bit more interesting for QQQ on the downside, as their next two support levels (one being the 50 day moving average) live in the $550-554.99/share price zone, which is Seller dominated at a rate of 1.28:1 over the past year.

The next support level should that break down is the $539.40, which is ~-6.6% below Friday’s closing price.

This becomes more interesting because it then opens QQQ up to refill the window created by the gap of late June 2025.

QQQ has support at the $574.63 (Volume Sentiment: NULL, 0:0*), $572.60 (10 Day Moving Average, Volume Sentiment: NULL, 0:0*), $553.41 (50 Day Moving Average, Volume Sentiment: Sellers, 1.28:1) & $551.68/share (Volume Sentiment: Sellers, 1.28:1) price levels, with resistance at the $583.32/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.

QQQ ETF's Price Level:Volume Sentiment Over The Past ~1 Year — QQQ ETF’s Price Level:Volume Sentiment Over The Past ~1 Year

IWM the iShares Russell 2000 ETF advanced +3.09% last week, as the small cap index was the favorite of the four majors.

IWM ETF - iShares Russell 2000 ETF's Technical Performance Over The Past Year — IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year

Their RSI is trending back down towards the neutral 50-mark, while their MACD is bullish, but beginning to curl over towards the signal line in the wake of Friday’s declines following Thursday’s gap up.

Volumes were +30.13% higher than the prior year’s average (39,680,000 vs. 30,492,460), which will prove to be something to watch given that the highest volume session of the week by a long-shot was a declining session.

Monday opened up on uneasiness, but there was a glimmer of optimism with the upper shadow on the day’s candle, which led to the advance of Tuesday & Wednesday.

Tuesday opened on a gap higher, tested lower, before rallying to close out the day +2.97% higher day-over-day on the week’s second highest volume; folks were hopping back into the pool.

It should be noted that this took IWM’s price higher away from the nearby support of the 10 day moving average, which will be important to recall shortly.

Wednesday also featured another gap up open & IWM closed +1.94% higher on the day, but as you can see, volume wanted day-over-day, indicating that there was limited gas in the tank.

Thursday profits began being taken from the table & in high demand, as the weel’s highest volume session began the unraveling of a strong week for IWM.

While the day resulted in a dragonfly doji which can hint at upside sentiment still being in tact, Friday’s session resulted in a bearish engulfing candle to conclude the week, as risk-off into the weekend was a major theme for small caps after a robust week.

It should also be noted that while Friday’s session was not stronger volume wise than Thursday’s, the day’s low was lower, indicating that there was more bearish appetite in the market.

IWM’s upside case differs from SPY & QQQ’s, as they are further removed from their all-time high, but their performance will help/hurt IWM’s upside case as they’ll be taken as a symbol of overall market confidence, which will boost/drop the small cap index.

The consolidation case gets a little fuzzy, as the window from Wednesday’s gap up will likely house it’s outter limits while the 10 day moving average plays catch up.

The downside case for IWM has a few major parts, first being that the short & medium term trand lines are providing support for IWM, but will be moving with it in the declining case.

In the event of a breakdown of these two levels, something a bit more sinister emerges, the $212-215.99/share price zone.

The issue with this zone is two-fold; one being that it is historically a Seller dominated zone at a rate of 1.24:1 Sellers:Buyers, and two that it houses both the long-term trend line (200 day moving average) & the $212.90/share support levels, which there are two touch-points for.

If Sellers emerge in droves & break down the 200 day moving average’s support, that $212.90/share level becomes the new downside gatekeeper, with a support touch-point at $212.34 before attention should be turned to the $209.55/share level.

IWM has support at the $226.71 (Volume Sentiment: Buyers, 1.06:1), $226.04 (Volume Sentiment: Buyers, 1.06:1), $225.37 (Volume Sentiment: Buyers, 1.06:1) & $224.60/share (Volume Sentiment: Buyers, 1.06:1) price levels, with resistance at the $229.55 (Volume Sentiment: Buyers, 1.56:1), $231.46 (Volume Sentiment: Buyers, 1.56:1), $240.47 (Volume Sentiment: Buyers, 0.4:0*) & $243.05/share (All-Time High, Volume Sentiment: Buyers, 0.4:0*) price levels.

IWM ETF's Price Level:Volume Sentiment Over The Past ~2-3 Years — IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years

DIA, the SPDR Dow Jones Industrial Average ETF climbed +1.72% last week, as the blue chip index reached another all-time high on Friday, despite closing lower than it opened for the day.

DIA ETF - SPDR Dow Jones Industrial Average ETF's Technical Performance Over The Past Year — DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year

Their RSI isrelatively flat at the 60.73 mark, while their MACD is currently bullish after Friday’s crossover, but may well porpoise as the week goes on.

Volumes were +52.78% above the prior year’s average (4,948,000 vs. 3,238,571), which will be something worth watching heading into the new week as the top three highest volume sessions all came on advancing days & it will be interesting to see how much of that money is true “buy & hold” & how much will see profits taken.

Monday DIA began the week opening higher, but being unable to be supported by the 10 day moving average & ultimately crashed through it & closed below it, with the day’s lower shadow signaling that there was appetite for DIA to be below $440/share before bulls stepped in.

It should be noted that Monday’s candle also formed a bearish engulfing pattern with Friday’s, which signals that all is not well under the hood for even the blue chip index.

Tuesday opened higher & in-line with the 10 day moving average, and took off to the races higher gaining +1.06% on the day, leading into Wednesday’s gap up open that advanced day-over-day +1.07%.

Wednesday’s session also produced the week’s highest volume, which will be interesting to see how long that money actually stays in the blue chip index.

Thursday opened midway between Wednesday’s range, tested lower before testing & failing to break higher than Wednesday’s close & settling down to close higher than it opened, but forming a bearish harami pattern & signaling that there is weakness in the air.

Friday also added some complexity to DIA’s situation, as a gap up open quickly fell apart & the day closed lower than it opened for an advance of only +0.14% on the week’s second highest volume.

These elevated advancing volume levels could form the base for running higher if DIA can continue them in the coming weeks, which will be needed to continue setting new all-time highs.

The consolidation case at these levels focuses on the window created on Wednesday & the 10 day moving average, with oscillations around the two taking place in anticipation of an upside or downside catalyst.

The declining case here is tricky, as the 10 DMA is in a Seller oriented price zone ($440-443.99; 1.24:1), meaning that the consolidation case could quite possibly lead to the decline case, which would likely be the result of the profit taking from last week mentioned above.

Should this take place, the 50 day moving average becomes the focal point, and in the event of a breakdown there the $433.14/share becomes the gatekeeper, as if $431.99/share is reached then DIA re-enters another Seller zone & suddenly the 200 day moving average is within close proximity.

At that stage the strength of the long-term trend becomes a key point of interest.

DIA has support at the $446.55 (Volume Sentiment: Buyers, 2.73:1), $446.27 (Volume Sentiment: Buyers, 2.73:1), $443.70 (10 Day Moving Average, Volume Sentiment: Sellers, 1.24:1) & $439.40/share (Volume Sentiment: Buyers, 1.6:1) price levels, with resistance at the $449.98 (Volume Sentiment: Buyers, 9:1) & $452.05/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.

DIA ETF's Price Level:Volume Sentiment Over The Past ~3 Years — DIA ETF’s Price Level:Volume Sentiment Over The Past ~3 Years

The Week Ahead

Monday the week begins with Home Builder Confidence Index data at 10 am.

Riskified reports earnings before Monday’s opening bell, before Fabrinet & Palo Alto Networks after the session’s close.

Housing Starts & Building permits data comes out Tuesday morning at 8:30 am.

Tuesday morning kicks off with earnings from Home Depot, Cardinal Health, Circle Internet Group, eToro Group, HUYA, MSG Sports, On Holding, Paysafe, Sea Ltd., Smithfield Foods, Tech target & Tencent Music, before Jack Henry, James Hardie, Keysight, La-Z-Boy, Sociedad Quimica y Minera, Toll Brothers & ZTO Express report after the closing bell.

Wednesday brings us the Minutes of the May FOMC Meeting at 2pm.

Alcom, Analog Devices, Baidu, Dycom, Estee Lauder, GDS Holdings, Kingsoft Cloud, Lowe’s, Target & TJX all report earnings before Wednesday’s session’s open, with Coty & Nordson reporting after the close.

Initial Jobless Claims & Philadelphia Fed Manufacturing Survey data are released Thursday at 8:30 am, before S&P Flash U.S. Services PMI & S&P Flash U.S. Manufacturing PMI data at 9:45 am and Existing Home Sales & U.S. Leading Economic Indicators data at 10 am.

Thursday morning features earnings from Walmart, Bilibili, Canadian Solar, Scan source & The Marzetti Company, followed by Intuit, Ross Stores, Workday & Zoom Communications after the closing bell.

There is no major economic data for release on Friday & BJ’s Wholesale & Buckle report earnings before the session’s opening bell.

See you back here next week!

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE ***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/13/2025

The VIX closed at 14.49, indicating an implied one day move of +/-0.91% & an implied one month move of +/-4.19% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/13/2025’s Close:

1 – PLTR

2 – AMD

3 – GEV

4 – EBAY

5 – TPR

6 – GNRC

7 – ANET

8 – WDC

9 – IDXX

10 – STX

Lowest Technical Rated S&P 500 Components Per 8/13/2025’s Close:

1 – IT

2 – CNC

3 – TTD

4 – MOH

5 – ENPH

6 – LULU

7 – DOW

8 – CHTR

9 – FICO

10 – FI

Highest Volume Rated S&P 500 Components Per 8/13/2025’s Close:

1 – PSKY

2 – KR

3 – NWS

4 – LOW

5 – FTNT

6 – CRL

7 – RF

8 – UPS

9 – AMD

10 – ROP

Lowest Volume Rated S&P 500 Components Per 8/13/2025’s Close:

1 – AES

2 – STX

3 – PTC

4 – CNP

5 – A

6 – SBUX

7 – EVRG

8 – EIX

9 – SMCI

10 – ALL

Highest Technical Rated ETFs Per 8/13/2025’s Close:

1 – MSOX

2 – PTIR

3 – ETHT

4 – ETHU

5 – WEED

6 – MSOS

7 – GXLM

8 – AMDL

9 – QETH

10 – ETH

Lowest Technical Rated ETFs Per 8/13/2025’s Close:

1 – ETHD

2 – CONI

3 – SETH

4 – UVIX

5 – SMST

6 – MSTZ

7 – SOXS

8 – NVDQ

9 – NVD

10 – AIYY

Highest Volume Rated ETFs Per 8/13/2025’s Close:

1 – BHYB

2 – HYDW

3 – KCSH

4 – KFEB

5 – NJNK

6 – IVVB

7 – RBUF

8 – QVML

9 – NEWZ

10 – CIL

Lowest Volume Rated ETFs Per 8/13/2025’s Close:

1 – UNIY

2 – ZTRE

3 – USCA

4 – QBUL

5 – EMCS

6 – CPSJ

7 – JULM

8 – SIXD

9 – CATF

10 – TFJL

Highest Technical Rated General Stocks Per 8/13/2025’s Close:

1 – IPIX

2 – ATNF

3 – ZEPP

4 – ISTKF

5 – HGRAF

6 – NEGG

7 – VAXX

8 – BSLK

9 – ABVX

10 – BMNR

Lowest Technical Rated General Stocks Per 8/13/2025’s Close:

1 – AFMDQ

2 – SNAX

3 – ZHCLF

4 – PBIO

5 – ORGS

6 – SPIEF

7 – CNTM

8 – HSTOQ

9 – NOVAQ

10 – BINI

Highest Volume Rated General Stocks Per 8/13/2025’s Close:

1 – MNTS

2 – DEA

3 – OUT

4 – ADD

5 – BSLK

6 – UNIT

7 – SPNS

8 – RSLS

9 – MNDR

10 – GBIO

Lowest Volume Rated General Stocks Per 8/13/2025’s Close:

1 – BOMO

2 – NFUNF

3 – CDUAF

4 – FMCB

5 – NEVIF

6 – PSYTF

7 – INBP

8 – FDCFF

9 – SNANF

10 – YGMZ

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/12/2025

The VIX closed at 14.73, indicating an implied one day move of +/-0.93% & an implied one month move of +/-4.26% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/12/2025’s Close:

1 – PLTR

2 – GEV

3 – ANET

4 – WDC

5 – TPR

6 – GNRC

7 – EBAY

8 – AMD

9 – IDXX

10 – AVGO

Lowest Technical Rated S&P 500 Components Per 8/12/2025’s Close:

1 – IT

2 – CNC

3 – TTD

4 – MOH

5 – DOW

6 – LULU

7 – ENPH

8 – CHTR

9 – UNH

10 – FICO

Highest Volume Rated S&P 500 Components Per 8/12/2025’s Close:

1 – CAH

2 – FTNT

3 – JKHY

4 – PSKY

5 – IFF

6 – CCI

7 – GDDY

8 – CRM

9 – PPL

10 – RF

Lowest Volume Rated S&P 500 Components Per 8/12/2025’s Close:

1 – AES

2 – NKE

3 – HWM

4 – WST

5 – SNA

6 – NEM

7 – NUE

8 – HOLX

9 – ABBV

10 – VLO

Highest Technical Rated ETFs Per 8/12/2025’s Close:

1 – PTIR

2 – ETHT

3 – ETHU

4 – MSOX

5 – WEED

6 – ETHA

7 – ETHV

8 – ETHW

9 – FETH

10 – CETH

Lowest Technical Rated ETFs Per 8/12/2025’s Close:

1 – ETHD

2 – CONI

3 – AIYY

4 – SMST

5 – MSTZ

6 – UVIX

7 – SETH

8 – NVDQ

9 – NVD

10 – SOXS

Highest Volume Rated ETFs Per 8/12/2025’s Close:

1 – MAPP

2 – ECON

3 – SPAQ

4 – SIXF

5 – SUSL

6 – MCSE

7 – LSEQ

8 – IWFG

9 – KSPY

10 – PBE

Lowest Volume Rated ETFs Per 8/12/2025’s Close:

1 – TBFG

2 – USCA

3 – CSHP

4 – EMCS

5 – PSCJ

6 – IHYF

7 – RSMV

8 – FLMB

9 – QBUL

10 – TFJL

Highest Technical Rated General Stocks Per 8/12/2025’s Close:

1 – IPIX

2 – ZEPP

3 – HGRAF

4 – IDEXQ

5 – ABVX

6 – NEGG

7 – ISTKF

8 – BMNR

9 – ANTE

10 – CELC

Lowest Technical Rated General Stocks Per 8/12/2025’s Close:

1 – BINI

2 – GIBO

3 – TPI

4 – RAYA

5 – BIVI

6 – OST

7 – GVH

8 – PTHL

9 – SMX

10 – OP

Highest Volume Rated General Stocks Per 8/12/2025’s Close:

1 – TWO

2 – RMBL

3 – ADN

4 – PRPH

5 – SKK

6 – XFOR

7 – WOW

8 – ATNF

9 – UNIT

10 – DEA

Lowest Volume Rated General Stocks Per 8/12/2025’s Close:

1 – OMQS

2 – TKRFF

3 – ANRGF

4 – PREIF

5 – TOFB

6 – ICCT

7 – CNVIF

8 – WEGYF

9 – RDEXF

10 – SMAGF

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/11/2025

The VIX closed at 16.25, indicating an implied one day move of +/-1.02% & an implied one month move of +/-4.7% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/11/2025’s Close:

1 – PLTR

2 – GEV

3 – ANET

4 – GNRC

5 – WDC

6 – IDXX

7 – EBAY

8 – TPR

9 – NEM

10 – ORCL

Lowest Technical Rated S&P 500 Components Per 8/11/2025’s Close:

1 -IT

2 – CNC

3 – TTD

4 – MOH

5 – DOW

6 – LULU

7 – ENPH

8 – UNH

9 – ALGN

10 – CHTR

Highest Volume Rated S&P 500 Components Per 8/11/2025’s Close:

1 – PSKY

2 – ALB

3 – TKO

4 – TTD

5 – GDDY

6 – LLY

7 – IFF

8 – FTNT

9 – WDAY

10 – EA

Lowest Volume Rated S&P 500 Components Per 8/11/2025’s Close:

1 – FSLR

2 – AES

3 – NKE

4 – HWM

5 – KKR

6 – DAL

7 – PCAR

8 – PPL

9 – HUBB

10 – WST

Highest Technical Rated ETFs Per 8/11/2025’s Close:

1 – PTIR

2 – MSOX

3 – ETHT

4 – ETHU

5 – WEED

6 – MSOS

7 – QETH

8 – ETHV

9 – ETHW

10 – CETH

Lowest Technical Rated ETFs Per 8/11/2025’s Close:

1 – ETHD

2 – AIYY

3 – SMST

4 – MSTZ

5 – CONI

6 – NVDQ

7 – NVD

8 – LLYX

9 – SETH

10 – UVIX

Highest Volume Rated ETFs Per 8/11/2025’s Close:

1 -IQHI

2 – HWSM

3 – IQSU

4 – FLDZ

5 – FISR

6 – LFAE

7 – MYCM

8 – MYCK

9 – CERY

10 – SEPM

Lowest Volume Rated ETFs Per 8/11/2025’s Close:

1 – EMCS

2 – PABU

3 – PSMO

4 – NFEB

5 – ZTWO

6 – GAEM

7 – QCOC

8 – USCL

9 – BUFI

10 – MVPL

Highest Technical Rated General Stocks Per 8/11/2025’s Close:

1 – IPIX

2 – ZEPP

3 – GWSO

4 – HGRAF

5 – ABVX

6 – NEGG

7 – ANTE

8 – ISTKF

9 – ENRT

10 – ACUT

Lowest Technical Rated General Stocks Per 8/11/2025’s Close:

1 – BINI

2 – PTHL

3 – OST

4 – SMX

5 – BIVI

6 – GVH

7 – FOXO

8 – TRVN

9 – HSDT

10 – OP

Highest Volume Rated General Stocks Per 8/11/2025’s Close:

1 – BJDX

2 – ENTO

3 – IOBT

4 – ALTS

5 – GMHS

6 – UGRO

7 – TC

8 – WLDS

9 – ENSV

10 – EQ

Lowest Volume Rated General Stocks Per 8/11/2025’s Close:

1 – BTSGU

2 – PURE

3 – CIAFF

4 – NFUNF

5 – GLGI

6 – HMTXF

7 – SENR

8 – BIOLQ

9 – MVNC

10 – DXYN

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***

Weekly Stock & ETF Market Review 8/10/2025

SPY, the SPDR S&P 500 ETF climbed +2.49% last week, while the VIX closed the week at 15.15, indicating an implied one day move of +/-0.95% & an implied one month move of +/-4.38%.

Their RSI is climbing towards the overbought 70 level & is currently at 62.7, while their MACD is bearish, but moving towards the signal line.

Volumes were +13.26% higher than the prior year’s average (68,778,000 vs. 60,725,181), which will be something to look more closely at in the coming weeks as the highest volume session of the week was a decline.

Monday gave us the second highest volume of the week on an advancing day that sparked the brief recovery we’ve seen since Friday’s gap down of the previous week.

SPY was unable to approach the 10 day moving average’s resistance, which is also disappoitng given the volume situation outline before.

Tuesday opened higher & flirted with the 10 DMA’s resistance, but was unable to break out above it & as a result declined on the day.

Wednesday opened slightly higher & made another attempt at the 10 DMA, but again failed to break out above it.

Thursday opened on a gap up above the 10 DMA’s support, but profit takers stepped in, forcing the day temporarily below the 10 DMA, but the highest volume session of the week managed to close in-line with the near-term trend line.

Friday was an interesting way to enter the weekend, as a higher open managed to continue higher throughout the day, resulting in an advance of +0.78% for the day.

Moving into the new week where a lot of emphasis will be placed on the CPI data Tuesday & PPI data set for release on Wednesday, the upside case for SPY remains the same as it has in weeks past.

We’re sitting right below their all-time high, market participants have shown they’re cautiously optimistic here, it’s going to require a great deal of advancing volume to ensure that there is staying power behind the move & that it doesn’t crumble into a giant profit-taking event.

The consolidation case is also similar to what we’ve said & what we’ve been seeing, as SPY has osciallated around the 10 day moving average for the past two weeks.

In the downside case there is Buyer pressure historically from Friday’s closing price down to $624.99/share, where SPY then enters a Sellers zone.

The bottom of that zone brings us to the $619.29/share support level, which has historically been Buyer oriented, but given that the 50 day moving average’s support is also in that zone, if there is souring medium-term outlooks expect to see that break down, leading to $609.59/share as the next support level.

SPY has support at the $632.18 (10 Day Moving Average, Volume Sentiment: Buyers, 1.33:1), $619.29 (Volume Sentiment: Buyers, 1.8:1), $615.51 (50 Day Moving Average, Volume Sentiment: Buyers, 1.5:0*) & $609.59/share (Volume Sentiment: Buyers, 4.8:1) price levels, with resistance at the $639.85/share (ALl-Time High, Volume Sentiment: Sellers, 1.5:1) price levels.

SPY ETF's Price Level:Volume Sentiment For The Past ~3 Years — SPY ETF’s Price Level:Volume Sentiment For The Past ~3 Years

QQQ, the Invesco QQQ Trust ETF advanced +3.73%, as the tech-heavy index had the strongest performance of the major index ETFs.

QQQ ETF - Invesco QQQ Trust ETF's Technical Performance Over The Past Year — QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year

Their RSI is approaching the overbought 70 level & currently sits at 65.79, while their MACD is bearish but approaching the signal line, with its fate likely going to be determined by Tuesday’s CPI data.

Volumes were +10.86% higher than the prior year’s average levels (43,576,000 vs. 39,307,992), which like SPY’s week featured the highest volume session on a declining day, which shows that there’s cautious optimism in the air.

Monday the week began on a note of recovery, opening in-line with Friday’s open, but climbing throughout the day to be just below the resistance of the 10 day moving average.

Tuesday opened on a gap higher to above the 10 DMA, but profit taking & jitters kicked in, forcing the week’s highest volume & a decline that closed back below the 10 DMA’s resistance, near Monday’s opening level.

Wednesday opened at a similar level to Tuesday’s close, but was able to power higher & break out above the 10 DMA’s resistance, but it should be noted that this occured on the second lowest volume of the week, which may mean that there is a bit of hesitency creeping in here.

Thursday opened on a gap higher, proceeded to test a little higher, before ultimately collapsing to close lower than it opened & the day’s low was supported by the 10 day moving average.

This shows that there is still some faith in the short-term trend, but that there is a less engaged market in terms of participation, if not on account of vacations being taken etc… will expose cracks in the near-term.

Friday confirmed this, as despite setting a new all-time high intraday, QQQ had its lowest volume of the week, showing that there is indeed uncertainty out there.

The upside case is the same as its been for the past few weeks, there will need to be more high volume advancing sessions to force any major sustainable breakout higher in the near-term.

The consolidation case looks much like a continuation of what we saw last week, oscillations around the 10 day moving average as we await an upside or downside catalyst.

To the downside, the historic volume data skewes towards the Buyers for the next ~3.5%, before the $550-554.99/share price zone is entered which has been Seller dominated historically.

Should that break down, the 50 day moving average will be the area to keep an eye on, as if QQQ can’t even force consolidation around it then the next support levels is $539.40.

QQQ has support at the $565.78 (10 Day Moving Average, Volume Sentiment: Buyers, 1.39:1), $551.68 (Volume Sentiment: Sellers, 1.28:1), $547.90 (50 Day Moving Average, Volume Sentiment: Buyers, 1.92:1) & $539.40/share (Volume Sentiment: Buyers, 5.5:1) price levels, with resistance at the $574.63/share (Previous All-Time High, Volume Sentiment: NULL, 0:0*) price levels.

IWM, the iShares Russell 2000 ETF gained +2.51% for the week, as small cap names outperformed the blue chip members of the Dow.

Their RSI is flat in line with the neutral 50 level & sits at 51.06, while their MACD is bearish.

Volumes were +2.41% higher than the prior year’s average (30,976,000 vs. 30,247,068), which signals that folks aren’t jumping at the opportunity to be in the small cap names at these high valuations & that there is some fear in the market.

Monday featured a similar recovery theme for IWM, opening on a gap up to above the 50 & 200 day moving averages, who had just completed a golden cross the day before.

Tuesday featured another gap up open, which retraced lower as profits were taken from the recent price run up which forced IWM to retrace midway through Monday’s candle’s real body, but the small cap index roard back to close for an advance, but it came with a catch.

The first thing of note is that it was unable to break above the resistance of the 10 day moving average & the second was that it resulted in a spinning top & a hanging man candle, the former expressing confusion among market participants & the latter being bearish.

Wednesday also had a troubling aura to the day, as another spinning top candle was produced signaling confusion in the market, and the candle formed a bearish engulfing pattern with Tuesday’s candle, all the while, the 10 day moving average’s resistance did not break down.

Thursday came along with even more bad news, as the gap up open that broke out above the 10 DMA quickly broke down with profit taking, a bearish engulfing pattern emerged day-over-day(-over-day), and the week’s highest volume session showed that market participants think that IWM belongs lower, as noted by the lower shadow on the day’s candle.

Friday also flashed warning lights, as the session opened above the 10 day moving average, but broke down to close lower than the day’s open & below the 10 DMA’s resistance, effectively forming a bearish harami pattern & indicating that there is an extreme lack of confidence in IWM & small caps at the moment.

The upside case here will likely hinge upon what the other major indexes do, as with valuations where they are on many companies & markets at these high levels, there is unlikely to be much demand for small caps in the near-term.

The $225.37 & $226-226.99 resistance zone will be the primary places to watch in the event of any upside movement, as they are the gatekeepers.

The consolidation case looks a lot like what we’ve been seing since mid-July where IWM oscillates around the 10 day moving average awaiting the upside or downside catalyst that causes it to break in a direction.

To the downside, assuming that the strength of support from the 200 & 50 day moving averages breaks down the $212.90/share level is going to be the top area of interest, as it is in a historically Seller-oriented price zone, and if it is unable to hold up will cause further declines as death crosses emerge from the moving averages above.

IWM has support at the $219.93 (Volume Sentiment: Buyers, 1.07:1), $219.57 (Volume Sentiment: Buyers, 1.07:1), $216.91 (Volume Sentiment: Buyers, 1.07:1) & $216.80/share (50 Day Moving Average, Volume Sentiment: Buyers, 1.07:1) price levels, with resistance at the $220.40 (10 Day Moving Average, Volume Sentiment: Buyers, 1.87:1), $222,40 (Volume Sentiment: Buyers, 1.87:1), $222.84 (Volume Sentiment: Buyers, 1.87:1) & $224.60/share (Volume Sentiment: Buyers, 1.06:1) price levels.

IWM ETF's Price Level:Volume Sentiment Over The Past ~2 Years — IWM ETF’s Price Level:Volume Sentiment Over The Past ~2 Years

DIA, the SPDR Dow Jones Industrial Average ETF added +1.42%, faring the worst off the major index ETFs for the week.

Their RSI has been straddling the neutral 50 level, currently sitting at 51.33, while their MACD is still bearish & declining.

Volumes were +31.38% higher than the prior year’s average (4,204,000 vs. 3,199,960), but like the others above, the highest volume came on a declining day.

Monday featured a recovering advancing session following the Friday before’s gap down on the week’s highest volume.

Profits were taken Tuesday & uncertainty filled the air when the declining session resulted in a spinning top candle.

Wednesday added to the confusion with a doji candle that closed +0.19% higher for the day.

Thursday opened optistically on a gap up to above the 10 day moving average, but profits were promptly taken, forcing DIA back below the 10 DMA & indicating that there was further downside appetite on the week’s highest volume session & a bearish engulfing pattern was formed.

Friday indecision remained, as DIA opened higher, tested higher but was unable to break above the 10 day moving average, and a spinning top candle was formed.

While a bullish harami was also formed, the resistance of the 10 day moving average adds skepticism about the power of the sentiment behind it.

Heading into the new week, the upside case will rely upon the 10 day moving average breaking as a resistance level, which it did briefly last week, but has been unable to for weeks.

Once that happens, the $446.554-446.82 level will be interesting, as that little resistance zone is the gatekeeper to the all-time high price level.

The consolidation case remains unchanged & looks like the 10 day moving average being oscillated about while we await news to the upside or downside.

To the downside, the $439.66 level will be important to watch, for if it breaks down it looks likely that the 50 day moving average’s support also will too.

If the $433.40/share level doesn’t hold up, then the retest of the $430.10/share level will be interesting as it resides in a Seller dominated zone & is only 1% above another Seller dominated zone, which could lead to further declines.

DIA has support at the $439.66 (Volume Sentiment: Buyers, 1.6:1), $436.28 (50 Day Moving Average, Volume Sentiment: Buyers, 1.6:1), $433.40 (Volume Sentiment: Buyers, 1.88:1) & $430.10/share (Volume Sentiment: Sellers, 1.22:1) price levels, with resistance at the $442.32 (10 Day Moving Average, Volume Sentiment: Buyers, 2.73:1), $446.54 (Volume Sentiment: Buyers, 2.73:1), $446.82 (Volume Sentiment: Buyers, 2.73:1) & $450.25/share (All-Time High, Volume Sentiment: Buyers, 9:1) price levels.

The Week Ahead

Monday is quiet on the economic news front.

AAON, Barrick Mining, Ceva, Dole PLC, Excelerate Energy, Franco-Nevada, Green Plains, Kymera Therapuetics, Legend BioTech, Owens & Minor, Roivant Sciences, Rumble & Telephone & Data all report earnings before Monday’s opening bell, before AMC Entertainment, ACV Auctions, BigBear.ai, Cannae Holdings, Celanese, Compass Minerals, Fluence, Forward Air, Getty Images, Green Dot, HighPeak Energy, Hillenbrand, Macerich, Mercury, MeridianLink, Oklo Inc., PubMatic, Repay Holdings, Xenon Pharmaceuticals & ZipRecruiter report after the closing bell.

NFIB Optimism Index data is released Tuesday at 6 am, followed by Consumer Price Index, CPI Year-over-Year, Core CPI & Core CPI Year-Over-Year data at 8:30 am, Fed President Schmid speaking at 10 am & Monthly US Federal Budget data at 2pm.

Tuesday morning opens with Cardinal Health, Circle Internet Group, eToro Group, HUYA, MSG Sports, On Holding, Paysafe, Sea Ltd., Smithfield Foods, Tech target & Tencent Music’s earnings calls before the session’s open, with Alcon, CAE, CAVA Group, CoreWeave, Everus, H&R Block, Intapp, KinderCare Learning Companies, Lumentum, Luminar Technologies & WEBTOON Entertainment report after the closing bell.

Wednesday features Fed President Bostic speaking at 12:30 pm.

Arcos Dorados, Brinker International, Global-E Online, Hudbay Minerals, Loar Holdings, Marex Group, Performance Food Group, Sapiens International & Stratasys report earnings before Wednesday’s open, with Cisco Systems, Coherent, dLocal Limited, Equinox Gold, Ibotta & Standard Aero reporting after the session’s close.

Initial Jobless Claims, Producer Price Index, Core PPI, PPI Year-over-Year & Core PPI Year-over-Year data are all released Thursday at 8:30 am, before Fefd President Barkin speaks at 2 pm.

Thursday morning features earnings from Advance Auto Parts, Amcor, Applied Industrial, Birkenstock Holding, Cellebrite DI, Deere, First Majestic Silver, JD.com, NICE, Tapestry, VIPShop & Weibo, followed by Applied Materials, Gambling.com Group, Globant, Sandisk & Starz Entertainment after the session’s close.

Friday opens with U.S. Retail Sales, Retail Sales Minus Autos, Empire State Manufacturing Survey, Import Price Index & Import Price Index Minus Fuel at 8:30 am, before Industrial Production & Capacity Utilization data at 9:15 am & Business Inventories & Consumer Sentiment (prelim) data at 10 am.

Flower Foods reports earnings before Friday’s opening bell.

See you back here next week!

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE ***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/7/2025

The VIX closed at 16.57, indicating an implied one day move of +/-1.04% & an implied one month move of +/-4.79% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/7/2025’s Close:

1 – PLTR

2 – GEV

3 – ANET

4 – WDC

5 – IDXX

6 – TPR

7 – GNRC

8 – DLTR

9 – NEM

10 – AMD

Lowest Technical Rated S&P 500 Components Per 8/7/2025’s Close:

1 – IT

2 – CNC

3 – MOH

4 – UNH

5 – ENPH

6 – DOW

7 – LULU

8 – CHTR

9 – ALGN

10 – FTNT

Highest Volume Rated S&P 500 Components Per 8/7/2025’s Close:

1 – FTNT

2 – LLY

3 – ABNB

4 – EPAM

5 – APA

6 – RL

7 – CF

8 – DASH

9 – IT

10 – MKTX

Lowest Volume Rated S&P 500 Components Per 8/7/2025’s Close:

1 – SWK

2 – POOL

3 – IQV

4 – HUM

5 – AES

6 – PLD

7 – TMO

8 – CVS

9 – GE

10 – DAL

Highest Technical Rated ETFs Per 8/7/2025’s Close:

1 – PTIR

2 – RDTL

3 – AMDL

4 – AVL

5 – AVGX

6 – NUGT

7 – ETHT

8 – ETHU

9 – KORU

10 – NVDL

Lowest Technical Rated ETFs Per 8/7/2025’s Close:

1 – ETHD

2 – SMST

3 – MSTZ

4 – NVDQ

5 – NVD

6 – CONI

7 – LLYX

8 – DUST

9 – SSG

10 – UVIX

Highest Volume Rated ETFs Per 8/7/2025’s Close:

1 – GAEM

2 – PJIO

3 – KDRN

4 – LIAB

5 – SHUS

6 – USIN

7 – LLYX

8 – ELIL

9 – AVUQ

10 – FSCC

Lowest Volume Rated ETFs Per 8/7/2025’s Close:

1 – INFO

2 – UNIY

3 – ETMLF

4 – EMCS

5 – PABU

6 – QBUL

7 – KJUL

8 – FCSH

9 – AUGZ

10 – CSPF

Highest Technical Rated General Stocks Per 8/7/2025’s Close:

1 – IPIX

2 – ZEPP

3 – ABVX

4 – NEGG

5 – ANTE

6 – SUPX

7 – CELC

8 – YYAI

9 – MCVT

10 – SY

Lowest Technical Rated General Stocks Per 8/7/2025’s Close:

1 – BINI

2 – ORGS

3 – PTHL

4 – OST

5 – RAYA

6 – GVH

7 – HSDT

8 – OP

9 – FOXO

10 – NIVF

Highest Volume Rated General Stocks Per 8/7/2025’s Close:

1 – BRLT

2 – IMG

3 – TWO

4 – KAVL

5 – PALI

6 – MRM

7 – CREG

8 – UNIT

9 – YHC

10 – FOXO

Lowest Volume Rated General Stocks Per 8/7/2025’s Close:

1 – SUGP

2 – BGLC

3 – GSUN

4 – ICCT

5 – OCTO

6 – TTOO

7 – PBLA

8 – GDTC

9 – SOND

10 – ARTL

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***

Daily VolTech Stock & ETF Volume & Technical Ratings 8/6/2025

The VIX closed at 16.77, indicating an implied one day move of +/-1.06% & an implied one month move of +/-4.85% for the S&P 500.

Highest Technical Rated S&P 500 Components Per 8/6/2025’s Close:

1 – PLTR

2 – GEV

3 – ANET

4 – TPR

5 – ORCL

6 – GNRC

7 – WDC

8 – DLTR

9 – NEM

10 – APH

Lowest Technical Rated S&P 500 Components Per 8/6/2025’s Close:

1 – CNC

2 – IT

3 – MOH

4 – ENPH

5 – DOW

6 – UNH

7 – ALGN

8 – CHTR

9 – LULU

10 – EMN

Highest Volume Rated S&P 500 Components Per 8/6/2025’s Close:

1 – PARA

2 – MKTX

3 – DVA

4 – EMR

5 – MOS

6 – MTCH

7 – IRM

8 – ROK

9 – IFF

10 – TKO

Lowest Volume Rated S&P 500 Components Per 8/6/2025’s Close:

1 – POOL

2 – NUE

3 – NKE

4 – DECK

5 – K

6 – WYNN

7 – RJF

8 – EQIX

9 – BA

10 -FSLR

Highest Technical Rated ETFs Per 8/6/2025’s Close:

1 – PTIR

2 – RDTL

3 – AVL

4 – AVGX

5 – NUGT

6 – DFEN

7 – KORU

8 – NVDL

9 – URAA

10 – NVDU

Lowest Technical Rated ETFs Per 8/6/2025’s Close:

1 – ETHD

2 – SMST

4 – MSTZ

5 – NVDQ

6 – NVD

7 – CONI

8 – UVIX

9 – DUST

10 – SSG

Highest Volume Rated ETFs Per 8/6/2025’s Close:

1 – ZTRE

2 – GMUN

3 – EFFI

4 – EYEG

5 – FLCC

6 – PJFC

7 – UNIY

8 – AVSD

9 – ECML

10 – TINT

Lowest Volume Rated ETFs Per 8/6/2025’s Close:

1 – CHSP

2 – YFYA

3 – NUGO

4 – INFO

5 – TFJL

6 – MAYZ

7 – TGRW

8 – APRZ

9 – QCOC

10 – QBUL

Highest Technical Rated General Stocks Per 8/6/2025’s Close:

1 – ZEPP

2 – ABVX

3 – NEGG

4 – IPIX

5 – ANTE

6 – YYAI

7 – CELC

8 – SUPX

9 – SY

10 – VERB

Lowest Technical Rated General Stocks Per 8/6/2025’s Close:

1 – ORGS

2 – BINI

3 – AZREF

4 – PTHL

5 – QH

6 – OST

7 – SMX

8 – GVH

9 – FOXO

10 – NIVF

Highest Volume Rated General Stocks Per 8/6/2025’s Close:

1 – AIMD

2 – SGBX

3 – DEA

4 – UNIT

5 – PHGE

6 – IPDN

7 – LPSN

8 – XELB

9 – LRE

10 – NSA

Lowest Volume Rated General Stocks Per 8/6/2025’s Close:

1 – CBDBY

2 – BGLC

3 – SUGP

4 – SHCAY

5 – PWM

6 – AERT

7 – SSBI

8 – LCFY

9 – MSC

10 – ONMD

*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***