The VIX closed at 33.82, indicating an implied one day move of +/-2.13% & an implied one month move of +/-9.78% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/21/2025’s Close:
1 – PLTR
2 – NEM
3 – KR
4 – PM
5 – NFLX
6 – DG
7 – COR
8 – MCK
9 – CNP
10 – VRSN
Lowest Technical Rated S&P 500 Components Per 4/21/2025’s Close:
1 – CRL
2 – MRNA
3 – GPN
4 – TER
5 – ALB
6 – ON
7 – SWK
8 – MCHP
9 – SMCI
10 – ZBRA
Highest Volume Rated S&P 500 Components Per 4/21/2025’s Close:
1 – GPN
2 – FIS
3 – COF
4 – PPL
5 – DFS
6 – UNH
7 – NFLX
8 – RVTY
9 – ATO
10 – MSCI
Lowest Volume Rated S&P 500 Components Per 4/21/2025’s Close:
1 – IP
2 – NWS
3 – WBA
4 – GM
5 – HSY
6 – APTV
7 – DECK
8 – AJG
9 – AKAM
10 – IRM
Highest Technical Rated ETFs Per 4/21/2025’s Close:
1 – UVXY
2 – JNUG
3 – NUGT
4 – VIXY
5 – GDMN
6 – UGL
7 – UVIX
8 – LABD
9 – AUMI
10 – TZA
Lowest Technical Rated ETFs Per 4/21/2025’s Close:
1 – ETHU
2 – ETHT
3 – SOXL
4 – MSOX
5 – SVIX
6 – AMDL
7 – TSLL
8 – TSLT
9 – TSLR
10 – HIBL
Highest Volume Rated ETFs Per 4/21/2025’s Close:
1 – HYSD
2 – PSCJ
3 – AGRH
4 – JUNW
5 – FEBT
6 – XBOC
7 – FMCE
8 – FMCX
9 – IPAV
10 – ISEP
Lowest Volume Rated ETFs Per 4/21/2025’s Close:
1 – XHYT
2 – GVUS
3 – AFIX
4 – XHYI
5 – BBEM
6 – BCUS
7 – QMAG
8 – UNIY
9 – SPEW
10 – BCIL
Highest Technical Rated General Stocks Per 4/21/2025’s Close:
1 – TMPOQ
2 – JNVR
3 – TOI
4 – UPXI
5 – NUTX
6 – PNBK
7 – SALM
8 – ONXGF
9 – RGC
10 – JZXN
Lowest Technical Rated General Stocks Per 4/21/2025’s Close:
1 – MULN
2 – SUNE
3 – XHG
4 – AREB
5 – WHLR
6 – HEPA
7 – KIDZ
8 – JYD
9 – RNAZ
10 – ADTX
Highest Volume Rated General Stocks Per 4/21/2025’s Close:
1 – UPXI
2 – SHFS
3 – EVGN
4 – GURE
5 – ECDA
6 – MLEC
7 – DGXX
8 – CWD
9 – APVO
10 – UNIT
Lowest Volume Rated General Stocks Per 4/21/2025’s Close:
1 – LTRPA
2 – ALPIB
3 – CJET
4 – BNPQF
5 – MRAI
6 – LBGJ
7 – ESLA
8 – QMCI
9 – SRBIF
10 – CRECF
*** 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 ***
SPY, the SPDR S&P 500 ETF fell -1.41% last week, while the VIX closed the week at 29.65, indicating an implied one day move of +/-1.87% & a one month implied move of +/-8.57%.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is flat & currently at 42.43, while their MACD is dolphining & looks ready to cross back over bearishly in the coming day or two, as their histogram is waning.
Volumes were +29.18% above the prior year’s average (72,067,500 vs. 55,786,349), indicating that the mood is clearly still bearish, with a side of undecided.
Monday began on a gap up open above the 10 day moving average’s support, but it flashed some warning signs that set the tone for the rest of the week.
The gap up opened just below the $545/share price level, but declined into the day, at one point touching as low as $533.66/share, indicating that there was more downside appetite than upside.
SPY also closed lower than it opened on the day on the second lowest volume of the week, which was not a vote of confidence in the market.
Tuesday confirmed that there was not much excitement, nor bullish sentiment for SPY, as the session tried to advance early, but was unable to reach Monday’s high & the day went downhill from there.
Granted Tuesday had the lowest volume of the week, but it showed that market participants were not interested in the $545/share price level & set the stage for the declines of later in the week.
On Wednesday the floodgates opened, as SPY opened on a gap down, tested up towards Tuesday’s close, but was unable to & collapsed to form a high wave candle with a 3%+ range on the day that closed in-line with the 10 day moving average.
Thursday indicated that there would be further pain on the horizon, as it resulted in a bearish harami pattern, with a spinning top candle that closed lower than it opened; not exactly strong sentiment or a vote of confidence for the coming week.
While the day’s low managed to be supported by the 10 DMA, there was not much strength heading into Easter weekend.
Heading into the new week, the upside case remains the same as it’s been for past month or two; without a consistent uptick in advancing volume there will be no floor build for SPY to rally off of.
Even with a higher open, volume sentiment is not indicating that SPY’s next handful of price levels will be a cakewalk higher through, making it more imperative that a surge in advancing volume accompanies any move higher.
To the downside, things have become interesting after SPY set a new support level at $481.80/share last week, which happens to be the lowest level on their one year chart.
While the $520-524.99/share price level has strong Buyer oriented sentiment historically, should it be retested & broken through that $481.80/share mark is where to be looking next.
The base case for the coming week is to see SPY hug & oscillate around the 10 day moving average, until given a reason to break out one way or the other, which will likely come as a results of earnings reports (particularly the number of companies that pull guidance).
The should the low end of the range break below 4/9/2025’s low, that $481.80/share support level becomes the linchpin that keeps SPY from tumbling lower.
Even more troubling, there’s quite a bit of Seller dominated price zones between SPY’s current price & that level, so while that price level is a stronghold for Buyers at a rate of 5.67:1, it could very well break down & we see that strong ratio dilute given the amount of steam it has & amount of negative sentiment.
Again, this will likely come from earnings calls in the next week or two, else based on tariff news.
SPY has support at the $ 524.21(10 Day Moving Average, Volume Sentiment: Buyers, 4.43:1), $505.48 (Volume Sentiment: Sellers, 1.2:1), $487.65 (Volume Sentiment: ) & $481.80/share (Volume Sentiment: Buyers, 5.67:1) price levels, with resistance at the $534.38 (Volume Sentiment: Sellers, 1.41:1), $548.03 (Volume Sentiment: Buyers, 1.44:1), $548.62 (Volume Sentiment: Buyers, 1.44:1) & $558.91/share (Volume Sentiment: 1.46:1) price levels.
SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years
QQQ, the Invesco QQQ Trust ETF dipped -2.27%, as the tech-heavy index was not immune from the week’s declines heading into the holiday three day weekend.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their RSI is also flat at the 42.11 level, while their MACD has a waning histogram & is dolphining, looking primed to cross the signal line bearishly in the next couple of days.
Volumes were +17.34% higher than the previous year’s average levels (43,290,000 vs. 36,892,302), indicating that there is still quite a bit of bearish sentiment around QQQ’s component stocks & money looking to be taken out of the market.
QQQ’s Monday looked a lot like SPY’s, a gap higher to the $465/share level, followed by a retreat that brought it below $455 temporarily, before it was able to rally & close at $457.48/share.
Tuesday the diving board was set up, when a bearish harami pattern emerged from two advancing, but filled candles on weak volumes & the session closed as a doji.
This doji favored the lower end of the day’s range though, indicating that there would be difficult times heading into the end of the week.
Sure enough, Wednesday opened on a gap down, tested above the $450/share level, but was promptly sent lower & broke down below $440/share, which is now in play, and closed the day at $444.18/share, in-line with the 10 day moving average, on the week’s highest volume session.
Bearish confirmation arrived further on Thursday, when QQQ opened in the middle of Wednesday’s range, proceeded to break down through the 10 DMA’s support, before managing to close just above it.
Much like SPY, QQQ’s chart needs a major uplift in advancing volume before it will be able to build a sustainable base to spring up from.
In reality, the next week or two should have all eyes on the 10 day moving average, watching price oscillate around it in reaction to the earnings reports that we get & the Fed speakers this week.
The $402.39/share mark is like SPY’s low water mark of $481.80/share, being the lowest 1 year chart support level & occurring on the same day.
In the event of a downside move of greater than- 1.82%, QQQ enters Seller territory & will have the momentum to carry it lower, where it will encounter a similar situation to SPY on the route to the low support level once it hits the $411.99/share level & we watch the high Buyer ratios potentially dilute.
The $400-403.99/share level is also going to be a questionable range, as there is limited Seller pressure at all over the past ~2 years.
The chart below will help guide through volatility in QQQ & retests of support/resistance levels in the near-term.
QQQ has support at the $443.27 (10 Day Moving Average, Volume Sentiment: Buyers, 3.27:1), $440.36 (Volume Sentiment: Buyers, 3.27:1), $421.55 (Volume Sentiment: Sellers, 1.5:1) & $410.56/share (Volume Sentiment: Buyers, 4:1) price levels, with resistance at the $446.18 (Volume Sentiment: Sellers, 3:1), $457.78 (Volume Sentiment: Sellers, 1.94:1), $465.74 (Volume Sentiment: Buyers, 2:1) & $467.83/share (Volume Sentiment: Buyers, 2:1) price levels.
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~2 Years
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is trending towards the neutral 50 mark after a brief flat period, while their MACD is dolphining & looking ready to cross back bearishly through the signal line by mid-week.
Volumes were +27.89% above the prior year’s average (38,262,500 vs. 29,917,778), indicating that small cap names are out of favor & that markets in general are beginning to look ready for further cooling down across the board.
IWM’s chart reads similar to SPY & QQQ’s, but duller & more committed to straddling the 10 DMA than the prior two indexes, in terms of last week’s performance.
Monday opened on a squeeze gap up in-line with the 10 DMA, before testing near to the $182.50/share level to the downside & closing above it, but lower than its open, setting the stage for a weak week.
The next day showed the oxygen was out of the room when a spinning top/shooting star emerged as Tuesday’s candle that opened lower, tested to $189/05, before settling at $186.76, but spreading the notion of uncertainty & fear being abound.
Sure enough, Wednesday opened lower, could not break above Tuesday’s close, but managed to break below the 10 DMA after the test & flirt with the $182.50/share mark before closing in-line with the 10 DMA’s support on the second highest volume of the week.
Thursday had the highest volume heading into the weekend on a +0.82% advancing day, but was capped out at $187.43/share at the day’s high, further indicating that there will likely not be many folks seeking refuge in small cap names anytime soon.
Heading into this week the upside case is the same as for SPY & QQQ; no major, consistent advancing volume inflows, no floor to build gains from.
Most likely case is to watch IWM flutter & oscillate nearby the 10 DMA, with all eyes on the $171.73/share level to see if & when that breaks down.
What’s unique here for IWM is that per the table below, once $173.99/share is broken down through, it passes through an “Even” Buyers:Sellers zone before one last attempt at support & then entertains breaking down below the lowest support level on a two year chart, based on Seller zones walking it down.
While Buyers may come out in droves to prevent this from happening, this event seems like something that would happen that would be more indicative of a broader market selloff/crash, so the way down may not be where market participants decide to find their footing on a two year chart support level.
Using the table below & our Volume Sentiment table from SPY’s link in the “Volume Sentiment” text above will help add guidance to navigating this scenario.
IWM has support at the $183.61 (10 Day Moving Average, Volume Sentiment: Buyers, 2.5:1), $171.73 (Volume Sentiment: Buyers, 1.84:1), $164.61 (2 Year Chart, Volume Sentiment: Sellers, 1.4:0*) & $158.85/share (Lowest Support On 2 Year Chart, Volume Sentiment: NULL, 0:0*) price levels, with resistance at the $189.17 (Volume Sentiment: Buyers, 1.32:1), $195.01 (Volume Sentiment: Buyers, 1.47:1), $195.72 (Volume Sentiment: Buyers, 1.47:1) & $196.56/share (Volume Sentiment: Buyers, 2:1) price levels.
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
DIA, the SPDR Dow Jones Industrial Average ETF lost -2.62% last week, as the blue chip index has continued to signal that market participants are becoming heavily risk averse, after so much time being the “outperforming outlier” of the majors.
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Their RSI is trending towards the oversold level, in a shift from the prior three indexes, while their MACD has just completed a dolphin, plunging back below the signal line after a brief jump above it for air.
Volumes were -6.39% lower than the previous year’s average level (3,055,000 vs. 3,263,452), which is expected, given how many DIA components are staples in people’s long-term portfolios.
Their week was far more risk off compared to the aforementioned three majors, in that Monday gapped up & closed lower with a clear “risk off” signal from its lower shadow, followed by a “shooting star” (bearish) of sorts candle & a breakdown of the 10 DMA’s support in the wake of Wednesday’s gap down session that closed in line with it.
Thursday the volume was cranked compared to the other days, and people were jumping out of the pool, resulting in a gap down open high wave candle that closed as a doji, implying that there may be a lot more downside movement in the near-term for all indexes, given the resilience of DIA.
Much like the indexes above, DIA should straddle/oscillate around its 10 day moving average moving into this week, barring any major earnings issues or anything bad from Fed speakers.
Upside isn’t really a talking point until it gets volume support on advancing sessions at this time, even for the most resilient index.
Their downside looks problematic, ad while this is a lot of support with Buyer Dominated volume, current sentiment suggests that if we retest the support levels listed below that we’re looking at a larger systemic issue, which would compound the losses for DIA given the resilience noted prior that it’s experience vs. other indexes.
Like the other indexes though, the $366.16/share support level fell on the same day as their most recent support level, which also happens to be the lowest on their chart, and will be a focal point on their chart in the coming weeks.
DIA has support at the $380.39 (Volume Sentiment: Buyers, 1.05:1), $374.90 (Volume Sentiment: Buyers, 1.06:1), $369.95 (Volume Sentiment: Buyers, 1.6:1) & $366.14/share (Volume Sentiment: Buyers, 1.92:1) price levels, with resistance at the $393.38 (Volume Sentiment: Buyers, 2.33:1), $393.84 (10 Day Moving Average, Volume Sentiment: Buyers, 2.33:1), $394.92 (Volume Sentiment: Buyers, 2.33:1) & $396.40/share (Volume Sentiment: Sellers, 1.75:1) price levels.
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
The Week Ahead
The week begins with U.S. Leading Economic Indicators on 10 am on Monday.
Monday morning’s earnings calls include Bank of Hawaii & Comerica, before AZZ, BOK Financial, Cadence Bank, Calix Networks, Cathay Bancorp, Equity Lifestyle Properties, Hexcel, Medpace, W.R. Berkley, Western Alliance Bancorp, Western Alliance Bancorp & Zions Bancorp report after the closing bell.
Tuesday morning Fed President Harker speaks at 9:30 am.
3M, Danaher, Elevance Health, Equifax, Forestar, GE Aerospace, Genuine Parts, Herc Holdings, Hope Bancorp, Invesco, Iridium Communications, Kimberly-Clark, Lockheed Martin, Moody’s, MSCI, Northern Trust, Northrop Grumman, Old National Bancorp, Pentair, PulteGroup, Quest Diagnostics, RTX, Synchrony Financial, United Community Banks, Valmont Industries & Verizon Communications all report earnings before Tuesday’s opening bell, followed by Tesla, Agree Realty, Baker Hughes, Capital One, Chubb, East West Bancorp, Enphase Energy, EQT Corp., Intuitive Surgical, Manhattan Associates, National Bank, Packaging Corp. of America, Pathward Financial, Pegasystems, PennyMac, Range Resources, Renasant, SAP SE, Steel Dynamics, Trustmark, Veritex Holdings & Zurn Elkay Water Solutions.
Fed President Goolsbee speaks on Wednesday at 9 am, before Fed Presidents Musalem & Waller speak at 9:30 am, S&P Flash U.S. Services PMI & S&P Flash U.S. Manufacturing PMI data comes out at 9:45 am, New Homes sales data is released at 10 am, the Fed Beige Book comes out at 2 pm & at 7:40 pm Fed President Bostic speaks.
Wednesday morning begins with earnings calls from Amphenol, AT&T, Avery Dennison, Boeing, Boston Scientific, Check Point Software, CME Group, First Hawaiian, GATX, GE Vernova, General Dynamics, Healthcare Services Group, Lennox International, Lithia Motors, M/I Homes, Masco, Mr. Cooper Group, New Oriental Education & Technology, NextEra Energy, Norfolk Southern, OFG Bancorp, Old Dominion, Otis Worldwide, Philip Morris International, Popular, PROG Holdings, Prosperity Bancshares, Ryder System, Stifel Financial, Taylor Morrison Home, TE Connectivity, Teledyne Tech, Thermo Fisher, Travel + Leisure Co, Vertiv, Virtu Financial, Wabtec & Watsco, followed by Chipotle Mexican Grill, Alaska Air, ASGN Inc, Banc of California, Bank of N.T. Butterfield & Son, CACI International, Carlisle Companies, Century Communities, Chemed, Churchill Downs, Community Health, Core Labs, Discover Financial Services, EastGroup, Edwards Lifesciences, Element Solutions, Essential Properties Realty Trust, First American Financial, FirstEnergy, Goosehead Insurance, Graco, International Business Machines, IMAX, Impinj, Kaiser Aluminum, Knight-Swift Transportation Holdings, Lam Research, Las Vegas Sands, Matador Resources, MaxLinear, Meritage Homes, Moelis, Molina Healthcare, Newmont Corp, O’Reilly Automotive, Oceaneering International, Penumbra, Plexus, QuantumScape, Raymond James, Reliance, RenaissanceRe, ResMed, ResMed, Robert Half, Rollins, SEI Investments, Selective Insurance, ServiceNow, Stewart Info, Texas Instruments, Tyler Technologies, United Rentals, Viking Therapeutics, Western Union & Whirlpool after the session’s close.
Thursday begins with Initial Jobless Claims, Durable-Goods Orders & Core Durable Orders (business investment) at 8:30 am.
ADT, Allegion, AllianceBernstein, American Airlines, Ameriprise Financial, Apogee Enterprises, Ardagh Metal Packaging, Atlantic Union Bankshares, Balchem, Berkshire Hills Bancorp, Bread Financial, Bristol Myers Squibb, Brunswick, Carpenter Technology, CBIZ, CBRE Group, CenterPoint Energy, CMS Energy, CNX Resources, Curbline Properties, Darling Ingredients, Dover, Dow, Euronet, First Bancorp, First Merchants, FirstCash, Fiserv, Freeport-McMoRan, FTI Consulting, Gentherm, Group 1 Auto, Hasbro, Helen of Troy, Integer Holdings, Interpublic, Keurig Dr Pepper, L3Harris, Ladder Capital, LKQ, MarineMax, Merck, Mobileye Global, NASDAQ, NovoCure, Old Republic, Pacific Premier, PepsiCo, PG&E, Pool, PROCEPT BioRobotics, Procter & Gamble, RPC, Sanofi, Sonic Automotive, Southwest Air, STMicroelectronics, Strategic Education, TechnipFMC, Textron, Tractor Supply, TransUnion, TRI Pointe Homes, Union Pacific, Valero Energy, Valley National, Visteon, Webster Financial, West Pharmaceutical Services, Willis Towers Watson, WNS & Xcel Energy all report earnings before Thursday’s opening bell, before Alphabet, AppFolio, Associated Banc-Corp, Boston Beer, Boyd Gaming, Columbia Banking, Coursera, Customers Bancorp, Digital Realty Trust, Eastman Chemical, Encompass Health, Federated Hermes, First Financial Bancorp, Gaming and Leisure Properties, Gilead Sciences, Glacier Bancorp, Hartford Financial, Healthpeak Properties, Intel, Kinsale Capital, Knowles, McGrath RentCorp, Merit Medical, Minerals Technologies, Phillips Edison, Principal Financial Group, Provident Financial Services, Republic Services, Sallie Mae, Seacoast Banking, Skechers USA, SkyWest, South State, SPS Commerce, SS&C Techs, T-Mobile US, VeriSign, Weyerhaeuser & WSFS Financial report after the closing bell.
Consumer Sentiment (final) is released at 10 am Friday.
AbbVie, Aon, AutoNation, Avantor, Centene, Charter Communications, Colgate-Palmolive, Flagstar Financial, Gentex, HCA, Hilltop Holdings, Lazard, LyondellBasell, Moog, Phillips 66, PHINIA, Portland General Electric, Saia, Sensient, SLB, Stellar Bank & TriNet Group are all scheduled to report earnings on Friday Morning.
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 ***
XLC, the Communication Services Select Sector SPDR ETF has gained +12% over the past year, adding +17.19% since their 52-week low in April of 2024, but has lost -15.11% since their 52-week high set in February of 2025.
Their top holdings include Meta Platforms Inc Class A (META), Alphabet Inc. Class A (GOOGL), Alphabet Inc. Class C (GOOG), Netflix Inc. (NFLX), Take Two Interactive Software (TTWO), Live Nation Entertainment Inc. (LYV), Electronic Arts Inc (EA), T Mobile US Inc. (TMUS), Verizon Communications Inc. (VZ) & AT&T Inc. (T).
Below is a brief technical analysis of XLC, as well as a price level:volume sentiment analysis of the price levels XLC has traded at over the ~4 years.
Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.
It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLC.
Technical Analysis Of XLC, The Communication Services Select Sector SPDR ETF Fund
XLC ETF – Communication Services Select Sector SPDR Fund ETF’s Technical Performance Over The Past Year
Their RSI is trending back towards oversold & sits currently at 39.91, after bouncing back from oversold territory last week, while their MACD line is at the signal line, but looks to either get rejected & head lower, and or we may see a dolphin jump over it briefly, which will ultimately be determined by today’s session.
Volumes over the past week & a half have been +130.71% higher than the prior year’s average (10,527,500 vs. 4,563,174.6), most due to last week’s volatility & have subsided now, as communications services names are beginning to look like a volatility safehaven.
It is important to note that the two highest volume sessions of this time period were advancing days, as it shows that there was positive sentiment amid uncertainty for XLC.
Last Monday marked a short-term reversal point for XLC, coming after back to back gap down sessions that broke down the long-term trend line (200 day moving average).
Volumes spiked to almost double that of the previous day’s levels, while XLC opened on a gap down, bounced off of the $84.02/share level & made a run up to $90.75, but intraday profits were taken, forcing the price to close at $87.35.
Tuesday kicked off on a gap up, but saw nowhere to run as the day’s upper shadow indicates & XLC profits were swept off of the board, exposing downside appetite to almost the $85/share level, but was able to close at $86.13/share.
Wednesday saw another gap down open & bounce off of the $84.97/share price level, before ripping higher to breach the $94/share level & ultimately close at $93.74/share, above the resistance of both the 10 & 200 day moving averages on what was by far the highest volume of the year.
As noted in this week’s weekly market review note, while this was a great storyline in terms of market participation, it did not show signs of short-term sustainability, which XLC & the major index ETFs all went on to show.
The whipsawing continued on Thursday, resulting in a bearish harami pattern, and the support of both the 10 & 200 day moving averages was broken down after that short-lived crossover.
The most important takeaway from Thursday’s session is the downside appetite that the day showed, as market participants were ok with sending XLC below $89/share, which will be important to watch as their moving averages begin to apply downwards pressure on the price.
Thursday’s volume indicated that there were a lot of folks happy to stay put, when comparing the profit taking of Thursday with the high volume of Wednesday.
Friday opened on a gap down, but was able to recover, test just below the short-term trend line (10 DMA), but there wasn’t enough volume to power it through to the upside.
This week the bearish sentiment crept back into XLC’s chart right off of the bat, as a gap up open was unable to break above the 200 DMA, and while the 10 DMA’s support held up, but the close was lower than the open, signaling that market participants had become exhausted & wanted to take some profits.
Tuesday confirmed this, as the day was rejected to the upside by the long-term trend line for a second consecutive day & while it held the $92/share mark, it formed a bearish harami with Monday’s pattern & closed as a very small spinning top, which is not a vote of confidence.
Yesterday confirmed this when XLC opened on a gap down, broke through the support of the 10 day moving average, and only sunk lower, at one point breaking below $89/share to close at $89.63/share, a -2.69% decline.
There is little upside sentiment right now, and while XLC has seen some massive inflows of advancing volume over the past couple of weeks, it will require a great deal of higher, consistent advancing sessions before a bottom is in.
To the downside there is strong Buyer sentiment at $88-88.99 & $87-87.99/share (see table below), but this may be where we see those ratios become diluted in the event of new retests.
It would be wise to review the support levels listed in the top table below to realize how spread apart they all are should the $87.27-87.17/share (Buyers, 3.11:1) be broken through in terms of support levels from the past year.
The most likely scenario in the near-term to see XLC oscillate around the 10 day moving average & react to headlines/upcoming earnings announcements accordingly, consolidating within the range of two Friday’s ago high & the lows of Monday.
If there is a gap through that support zone mentioned above, things will become difficult for XLC, as it will become a resistance zone & the would not likely be a quick recovery as the 50 day moving average approaches the 200 DMA, which a death cross would add more bearish sentiment into the mix.
While no one know’s for certain, being armed with the information in the table below will help market participants navigate XLC’s upcoming moves.
Price Level:Volume Sentiment Analysis For XLC, The Communication Services Select Sector SPDR ETF Fund
The top table below shows the support & resistance levels of XLC from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~4 years, using Wednesday 4/16/2025’s closing data for their price & moving averages/other technicals.
The moving averages are denoted with bold.
The next charts show the volume sentiment at each individual price level XLC has traded at over the past ~4 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 XLC.
The following section lays out XLC’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~4 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.
XLC ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
XLC ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
Price Level:Volume Sentiment For XLC ETF Over The Past ~4 Years
Price Level:Volume Sentiment For XLC ETF Over The Past ~4 Years
XLC ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
$106 – NULL – 0:0*, +18.26% From Current Price Level
$104 – Buyers – 2:1, +16.03% From Current Price Level
$102 – Buyers – 3.75:1, +13.8% From Current Price Level
$100 – Buyers – 2:1, +11.57% From Current Price Level
$99 – Buyers, 1.31:1, +10.45% From Current Price Level
$98 – Buyers – 2:1, +9.34% From Current Price Level
$97 – Buyers – 1.8:1, +8.22% From Current Price Level – 50 Day Moving Average*
$96 – Buyers – 1.76:1, +7.11% From Current Price Level
$95 – Sellers – 1.67:1, +5.99% From Current Price Level
$94 – Sellers – 1.5:1, +4.88% From Current Price Level
$93 – NULL – 0:0*, +3.76% From Current Price Level – 200 Day Moving Average*
$92 – Buyers – 1.17:1, +2.64% From Current Price Level
$91 – Buyers – 1.6:1, +1.53% From Current Price Level
$90 – Buyers – 3.6:1, +0.41% From Current Price Level – 10 Day Moving Average*
$89 – Buyers – 1.08:1, -0.7% From Current Price Level – Current Price Level*
$88 – Buyers – 7:1, -1.82% From Current Price Level
$87 – Buyers – 3.11:1, -2.93% From Current Price Level
$86 – Sellers – 1.09:1, -4.05% From Current Price Level
$85 -Buyers – 3.75:1, -5.17% From Current Price Level
$84 – Sellers – 1.67:1, -6.28% From Current Price Level
$83 – Buyers – 2.19:1, -7.4% From Current Price Level
$82 – Buyers – 1.5:1, -8.51% From Current Price Level
$81 – Even – 1:1, -9.63% From Current Price Level
$80 – Sellers – 1.58:1, -10.74% From Current Price Level
$79 – Buyers – 2.68:1, -11.86% From Current Price Level
$78 – Buyers – 1.48:1, -12.98% From Current Price Level
$77 – Sellers – 2.75:1, -14.09% From Current Price Level
$76 – Sellers – 1.78:1, -15.21% From Current Price Level
$75 – Buyers – 1.58:1, -16.32% From Current Price Level
$74 – Buyers – 2.21:1, -17.44% From Current Price Level
$73 – Sellers – 1.53:1, -18.55% From Current Price Level
$72 – Even – 1:1, -19.67% From Current Price Level
$71 – Buyers – 1.09:1, -20.79% From Current Price Level
$70 – Buyers – 1.93:1, -21.9% From Current Price Level
$69 – Buyers – 1.48:1, -23.02% From Current Price Level
$68 – Sellers – 1.03:1, -24.13% From Current Price Level
$67 – Sellers – 1.28:1, -25.25% From Current Price Level
$66 – Buyers – 1.49:1, -26.36% From Current Price Level
$65 – Sellers – 1.55:1, -27.48% From Current Price Level
$64 – Sellers – 1.09:1, -28.6% From Current Price Level
$63 – Sellers – 1.44:1, -29.71% From Current Price Level
$62 – Sellers – 1.89:1, -30.83% From Current Price Level
$61 – Buyers – 3.33:1, -31.94% From Current Price Level
$60 – Buyers – 1.88:1, -33.06% From Current Price Level
$59 – Buyers – 2.23:1, -34.17% From Current Price Level
$58 – Buyers – 1.91:1, -35.29% From Current Price Level
$57 – Sellers – 1.64:1, -36.41% From Current Price Level
$56 – Sellers – 1.76:1, -37.52% From Current Price Level
$55 – Buyers – 1.53:1, -38.64% From Current Price Level
$54 – Buyers – 1.19:1, -39.75% From Current Price Level
$53 – Buyers – 1.23:1, -40.87% From Current Price Level
$52 – Buyers – 1.2:1, -41.98% From Current Price Level
$51 – Sellers – 1.41:1, -43.1% From Current Price Level
$50 – Buyers – 2:1, -44.22% From Current Price Level
$49 – Buyers – 6.17:1, -45.33% From Current Price Level
$48 – Buyers – 1.12:1, -46.45% From Current Price Level
$47 – Buyers – 1.25:1, -47.56% From Current Price Level
$46 – Sellers – 3.22:1, -48.68% From Current Price Level
$45 – Sellers – 1.33:1, -49.79% From Current Price Level
$44 – Sellers – 2.17:1, -50.91% From Current Price Level
$43 – NULL – 0:0*, -52.02% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLC AT THE TIME OF PUBLISHING THIS ARTICLE ***
The VIX closed at 32.64, indicating an implied one day move of +/-2.06% & an implied one month move of +/-9.43% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/16/2025’s Close:
1 – PLTR
2 – NEM
3 – PM
4 – MCK
5 – VRSN
6 – COR
7 – CNP
8 – TTWO
9 – EXC
10 – CVS
Lowest Technical Rated S&P 500 Components Per 4/16/2025’s Close:
1 – CRL
2 – MRNA
3 – MCHP
4 – ALB
5 – ON
6 – TER
7 – SWK
8 – DOW
9 – APA
10 – ZBRA
Highest Volume Rated S&P 500 Components Per 4/16/2025’s Close:
1 – UAL
2 – JBHT
3 – ABT
4 – OMC
5 – KVUE
6 – MAA
7 – UDR
8 – CFG
9 – MOH
10 – SBAC
Lowest Volume Rated S&P 500 Components Per 4/16/2025’s Close:
1 – APO
2 – DFS
3 – IP
4 – BALL
5 – VMC
6 – EIX
7 – WBA
8 – TKO
9 – ETR
10 – IR
Highest Technical Rated ETFs Per 4/16/2025’s Close:
1 – JNUG
2 – NUGT
3 – UVXY
4 – VIXY
5 – LABD
6 – GDMN
7 – AUMI
8 – UGL
9 – UVIX
10 – SGDM
Lowest Technical Rated ETFs Per 4/16/2025’s Close:
1 – ETHU
2 – ETHT
3 – MSOX
4 – SOXL
5 – SVIX
6 – AMDL
7 – CONL
8 – JDST
9 – DEFG
10 – HIBL
Highest Volume Rated ETFs Per 4/16/2025’s Close:
1 – PABD
2 – ELQD
3 – IBIG
4 – HYBB
5 – AUGU
6 – BTRN
7 – DIVD
8 – XFIX
9 – NZUS
10 – GINN
Lowest Volume Rated ETFs Per 4/16/2025’s Close:
1 – XHYT
2 – ACLO
3 – MCSE
4 – ZSEP
5 – XHYC
6 – IGCB
7 – XBJA
8 – PBJA
9 – NVBU
10 – UJB
Highest Technical Rated General Stocks Per 4/16/2025’s Close:
1 – JNVR
2 – NHIQ
3 – TMPOQ
4 – NUTX
5 – LXEH
6 – RAASY
7 – TOI
8 – SALM
9 – CALA
10 – UAMY
Lowest Technical Rated General Stocks Per 4/16/2025’s Close:
1 – MULN
2 – XHG
3 – GWSO
4 – WHLR
5 – KIDZ
6 – ADTX
7 – HEPA
8 – APDN
9 – NOVA
10 – CYCU
Highest Volume Rated General Stocks Per 4/16/2025’s Close:
1 – SLG
2 – ZEO
3 – LRHC
4 – OMEX
5 – TGL
6 – OUT
7 – MIRA
8 – BCTX
9 – STBX
10 – MAMA
Lowest Volume Rated General Stocks Per 4/16/2025’s Close:
1 – CIAFF
2 – IFNNF
3 – GLE
4 – ARESF
5 – LBCMF
6 – AVCNF
7 – CBDBY
8 – BTSGU
9 – MTBLY
10 – LTCH
*** 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 ***
The VIX closed at 30.12, indicating an implied one day move of +/-1.9% & an implied one month move of +/-8.51% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/15/2025’s Close:
1 – PLTR
2 – NEM
3 – PM
4 – VRSN
5 – TTWO
6 – CNP
7 – COR
8 – MCK
9 – T
10 – MCK
Lowest Technical Rated S&P 500 Components Per 4/15/2025’s Close:
1 – CRL
2 – MRNA
3 – MCHP
4 – ALB
5 – APA
6 – ON
7 – DOW
8 – SWK
9 – TER
10 – ZBRA
Highest Volume Rated S&P 500 Components Per 4/15/2025’s Close:
1 – HPE
2 – TDG
3 – CRL
4 – AVB
5 – BAC
6 – MAA
7 – NFLX
8 – RMD
9 – EMN
10 – TAP
Lowest Volume Rated S&P 500 Components Per 4/15/2025’s Close:
1 – WBA
2 – CEG
3 – GEV
4 – IP
5 – AKAM
6 – AXON
7 – LEN
8 – DFS
9 – SMCI
10 – AVGO
Highest Technical Rated ETFs Per 4/15/2025’s Close:
1 – JNUG
2 – NUGT
3 – GDMN
4 – LABD
5 – UVXY
6 – AUMI
7 – VIXY
8 – SGDM
9 – UGL
10 – DRIP
Lowest Technical Rated ETFs Per 4/15/2025’s Close:
1 – MSOX
2 – ETHU
3 – ETHT
4 – SOXL
5 – SVIX
6 – CONL
7 – JDST
8 – DEFG
9 – HIBL
10 – LABU
Highest Volume Rated ETFs Per 4/15/2025’s Close:
1 – BBEM
2 – SOFR
3 – CPLB
4 – FEUZ
5 – TSEC
6 – IHYF
7 – PABU
8 – NUGO
9 – XISE
10 – XMAY
Lowest Volume Rated ETFs Per 4/15/2025’s Close:
1 – USNZ
2 – OAKM
3 – AZTD
4 – TYLD
5 – PBL
6 – SCIO
7 – LQAI
8 – JVAL
9 – LALT
10 – ESIX
Highest Technical Rated General Stocks Per 4/15/2025’s Close:
1 – JNVR
2 – TMPOQ
3 – SALM
4 – BULL
5 – NUTX
6 – LXEH
7 – RAASY
8 – RGC
9 – TOI
10 – ONXGF
Lowest Technical Rated General Stocks Per 4/15/2025’s Close:
1 – MULN
2 – XHG
3 – GWSO
4 – WHLR
5 – KIDZ
6 – JYD
7 – HEPA
8 – ADTX
9 – STBX
10 – AEON
Highest Volume Rated General Stocks Per 4/15/2025’s Close:
1 – OST
2 – MURA
3 – TWO
4 – MTVA
5 – OUT
6 – SALM
7 – SKYE
8 – MSGM
9 – STBX
10 – SPRB
Lowest Volume Rated General Stocks Per 4/15/2025’s Close:
1 – GDRZF
2 – YXT
3 – LTRPA
4 – ETOLF
5 – BNPQF
6 – IFNNF
7 – GSUN
8 – CBDBY
9 – MLEC
10 – PSYTF
*** 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 ***
SPY, the SPDR S&P 500 ETF gained +5.67% last week, while the VIX closed the week out at 37.56, indicating an implied one day move of +/-2.37% & an implied one month move of +/-10.86%.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is trending towards the neutral 50 level, sitting currently at 44.42, while their MACD is bearish, but approaching the signal line & the histogram is waning.
This isn’t indicative of a bullish crossover with strength on the horizon though, especially given that SPY’s 50 day moving average is poised to bearishly break through their 200 DMA forming a death cross by Wednesday.
Volumes were +230.5% higher than the previous year’s average (184,900,000 vs. 55,944,960), which is also cause for concern, as while Wednesday’s squeeze play resulted in a great deal of advancing volume, there’s still a significant amount of outflows for SPY & the other index ETFs.
Monday opened on a gap down & went as low as $481.80/share during the session, before rallying back to break above the $520/share level temporarily & close higher on the day at $504.38/share, which was higher than it opened.
Volumes that day were pronounced, which makes sense given the range that the day covered & the profit taking/pumping for later in the week that was taking place.
Tuesday SPY opened on a gap up & again made a run at the $525/share level, but was unable to find the footing & wound up closing for a decline on the session
Wednesday saw a major spike in both price & advancing volume for SPY, as a gap down open recovered to rally back +10.5% on the day, due to a whipsaw caused by tariff talk & the March FOMC minutes.
While the day’s volume was certainly high, it is not enough to constitute the consistent high volume SPY needs to form a base & while it can be enjoyed, it is not a signal that all has recovered & to be bullish.
The bullish engulfing candle did manage to break above & close above the 10 day moving average’s support, which hadn’t happened in weeks.
Along came a bearish harami pattern with Thursday’s session though, where elevated volumes led to a decline.
Thursday’s lower end of the day’s range is something to be concerned about, as it temporarily dipped below the $510/share level before recovering to close at $524.58/share, indicating that there is still a lot of bearish sentiment in the market.
Mixed signals continued into the weekend, as Friday’s session closed with a +1.78% gain, just a hair above the 10 day moving average’s support, but on less than half of the volume that Wednesday’s advancing session had, so there is no consistent elevated bullish volume sentiment, despite two bullish days.
Heading into this week the bullish case stays the same as it has over the past month now, without substantial, consistent higher advancing volumes there is unlikely to be a base formed where SPY can take off from to rally higher.
Should we see higher levels of consistent participation in the market on advancing days then we can begin to look at resistance levels being tested & broken, but for now we’re not set up for that yet.
What is more likely to happen is there will be some consolidation & oscillation around the 10 DMA, until the death cross of the 50 & 200 DMAs takes place, at which point we see some support levels tested.
The consolidation would likely remain within the wide range of Wednesday’s candle (10.5% is a lot of wiggle room, granted), while any downside moves will be interesting, as Buyers have historically liked the price level that SPY is in now & its next two support levels, but if we break down through those we enter Seller territory again, as shown below.
SPY has support at the $533.49 ( 10 Day Moving Average, Volume Sentiment: Buyers, 2.67:1), $532.41 (Volume Sentiment: Buyers, 2.67:1), $505.48 (Volume Sentiment: Sellers, 1.2:1) & $487.56/share (Volume Sentiment: Sellers, 1.1:1) price levels, with resistance at the $534.38 (Volume Sentiment: Buyers, 2.67:1), $548.03 (Volume Sentiment: Buyers, 1.44:1), $548.62 (Volume Sentiment: Buyers, 1.44:1) & $549.67/share (Volume Sentiment: Buyers, 1.44:1) price levels.
SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years
QQQ, the Invesco QQQ Trust ETF advanced +7.51%, as the tech-heavy index was the favorite among the major four for the week.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their RSI is climbing towards the neutral 50 mark, while the MACD looks primed to cross the signal line bullishly by Tuesday, but given their volume situation it may be more of a temporary dolphin jump for air than an actual bullish move.
Volumes were +305.92% above the prior year’s average level (113,310,000 vs. 37,039,286), which like SPY’s has a lot of questions to be asked about it, particularly as they both have seen similar performance, but with different volume trends.
QQQ’s past week also closely resembled SPY’s across the board, leading off on Monday with a gap down that tested as low as $402.39/share where it found support to bounce from & test higher to above the $440/share level & to close higher than it opened on the day at $423.69/share.
This occurred on the week’s highest volume, which is important as the day covered a wide range of prices, so it shows market participants were highly engaged & that the day wasn’t just fluff tape.
Tuesday opened on a gap up, tested higher to about Monday’s high & it all went south from there, quickly, leading to declines on the week’s second lowest volume, but still still ~2x the prior year’s average, indicating that there was a lot of risk-off sentiment to bag up Monday’s gains.
Wednesday mirrored SPY’s performance to a degree, where the second highest volume session of the week broke above the short-term trend line to close above $465/share.
What’s troubling about it though is that Thursday’s session produced a bearish harami pattern with a long lower shadow as well that showed support really wasn’t until the $432.63/share level & that the short-term trend line will likely not hold up.
Friday brought along a bullish engulfing candle, but on volume so weak that it was hardly a drop in the bucket compared to the previous four days (it was ~50% of the second lowest session’s volume).
Like SPY, QQQ’s upside story lies solely in what happens when they get some sustainable higher volume, which doesn’t look like it’s going to happen anytime soon still, particularly with their 50 & 200 DMA’s set to death cross by Tuesday.
While some might say Monday was a major volume spike that could signal a reversal, there is not yet enough confirmation, and the rest of their chart & data don’t suggest that confirmations coming just yet.
Their death cross-over is coming between today & tomorrow, which will apply downward pressure on QQQ, along with potential bad news coming from earnings reports (Tuesday features a handful of names that while not in the NASDAQ, may cause problems wider-spread).
It’s likely we see QQQ consolidate within the confines of Wednesday’s candle’s range while oscillating around the 10 DMA, like we’ve been expecting most weeks over the past month+.
Downside breakdowns will get interesting, particularly when you reference the support level Buyer:Seller sentiment in the table & paragraph below.
This doesn’t look like we’re near out of the woods just yet, and the $402.39/share level has now become a new area of focus should it be tested, as its the lowest 1 year support level, a freshly established level & volume has really turned up since it was tested, indicating that there’s fish biting around there.
Whether we actually sink that far is still TBD, but again, when the fish are biting that aggressively, its usually a sign that that’s going to be a place to keep your eyes on.
It’s also worth referencing the Volume Sentiment table for QQQ, as well as SPY, IWM & DIA when looking at these volume levels for historical context.
QQQ has support at the $449.74 (10 Day Moving Average, Volume Sentiment: Buyers, 1.17:1), $446.18 (Volume Sentiment: Sellers, 3:1), $440.36 (Volume Sentiment: Buyers, 3.27:1) & $421.55/share (Volume Sentiment: Sellers, 1.5:1) price levels, with resistance at the $457.78 (Volume Sentiment: Sellers, 1.94:1), $465.74 (Volume Sentiment: Buyers, 2:1), $467.83 (Volume Sentiment: Buyers, 2:1) & $473.41/share (Volume Sentiment: Sellers, 1.19:1) price levels.
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~2 Years
IWM, the iShares Russell 2000 ETF climbed +1.75%, as market participants squeezed into the small cap index heavily on Wednesday, setting the stage for weekly gains.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is chopping back towards the neutral 50 mark, sitting currently at 38.6, while their MACD is flat.
While their MACd histogram is waning, they’ve got a lot of trouble under the hood given the nature of how small cap names will move in relation to their larger peers & the volume trends noted above.
Volumes were +162.43% above the prior year’s level (78,654,000 vs. 29,971,786), which is an interesting thing to note as IWM & DIA have relatively moved decoupled from SPY & QQQ who move in similar fashions to one another, but the lack of an idea as to where the market is going right now seems to have impacted everyone from the small caps to the blue chips.
Monday the week began on uncertain, but negative terms, as a gap down open was able to muster up a higher close, but the upper shadow of the day’s candle broke above the $190/share level on the second highest volume of the week.
Tuesday opened on a gap higher, but quickly showed that there was a bit our sour sentiment out & prices declined rapidly to show appetite below the $172.50/share level, but closed above it.
Wednesday followed SPY & QQQ’s lead, seeing a major influx of volume that accounted for the week’s highest level, but IWM was rejected by their 10 DMA’s resistance & closed below it, a major bearish signal.
Thursday’s menu included bearish harami candles with long lower shadows indicating that there was still a bit of downside appetite that needed to be examined.
Friday continued this with a gap down open that retraced most of Thursday’s lower range, but ultimately there was a small rally into the weekend hat resulted in a +1.46% advance for the day.
It should be noted though that this came on very weak volume, indicating that there was more of a pump/head-fake going into the weekend vs. some actual bullish sentiment.
IWM suffers from the same bullish case as the two aforementioned index ETFs, there’s no volume for a base case to be built upon & there’s a lot of sentiment troubles they’ll be faced with in the near-term as well.
In the meantime expect a similar consolidation as to what’s described above as we see what guidance changes from earnings calls change broader market sentiment.
One area of caution with IWM; there is only one support price level from their one year chart & the other 3 of the top 4 are from the two year chart.
While that isn’t a big deal given the data on sentiment below covers all of these areas, it is something to consider in the near-term, as many of these levels could have fallen out of favor over time & it should be approached with caution heading into the next few weeks.
IWM has support at the $177.61 (2 Year Chart, Volume Sentiment: Buyers, 1.8:1), $171.73 (Volume Sentiment: Buyers, 1.84:1), $164.61 (2 Year Chart, Volume Sentiment: Sellers, 1.4:0*) & $158.85/share (2 Year Chart, Volume Sentiment: NULL, 0:0*) price levels, with resistance at the $188.26 (10 Day Moving Average, Volume Sentiment: Buyers, 1.32:1), $189.17 (Volume Sentiment: Buyers, 1.32:1), $195.01 (Volume Sentiment: Buyers, 1.47:1) & $195.56/share (Volume Sentiment: Buyers, 1.47:1) price levels.
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Their RSI is at 44.86 trending higher towards the neutral 50 mark, while their MACD is trending towards the signal line with its histogram waning,
Volumes were +144.91% above the prior year’s average level (8,054,000 vs. 3,288,492), which like the aforementioned examples isn’t exactly a vote of confidence.
DIA’s week was highly similar to the three above examples & as a result it’s really not worth diving into deeply, given the blue chip index has been the most resilient of the bunch over the past few years.
The same issue apply, we can’t form a base to spring upward from without an increase in advancing volume, and last week was still most declining volume.
DIA has the safest chart from a support perspective, but when all’s breaking down it’s not necessarily something to be bragging about…
My eyes are peeled for the $366.32 support level, it’s where over the past ~4-5 years Buyers have stepped in strongly, but it’s the most recent support level & coincidentally the lowest on their one year chart… not inspiring in the least & as such it’s worth watching this week for a test & a potential breakdown, as if it breaks down it’s going to be a harbinger of more big issues to come.
DIA has support at the $400.97 (10 Day Moving Average, Volume Sentiment: Buyers, 1.22:1), $396.59 (Volume Sentiment: Sellers, 1.75:1), $395.11 (Volume Sentiment: Buyers, 2.33:1) & $393.57/share (Volume Sentiment: Buyers, 2.33:1) price levels, with resistance at the $406.47 (Volume Sentiment: Buyers, 3.17:1), $407.35 (Volume Sentiment: Buyers, 3.17:1), $413.42 (Volume Sentiment: Sellers, 3.75:1) & $416.93/share (Volume Sentiment: Buyers, 1.63:1) price levels.
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4-5 Years
The Week Ahead
Monday the week kicks off with Fed President Harker speaking at 6 on & Fed President Bostic speaking at 7:40 pm.
Goldman Sachs & M&T Bank report earnings on Monday morning before the session opens, followed by Applied Digital, FB Financial & Pinnacle Financial after the closing bell.
Import Price Index, Import Price minus Fuel & Empire State Manufacturing Survey data are all due for release on Tuesday morning at 8:30 am.
Tuesday morning’s earnings calls feature Johnson & Johnson, Albertson’s, Bank of America, Citigroup, Ericsson & PNC, before Fulton Financial, Hancock Whitney, Interactive Brokers, J.B. Hunt Transport & United Airlines after the session’s close.
Wednesday begins with U.S. Retail Sales & Retail Sales minus Autos at 8:30 am, followed by Industrial Production & Capacity Utilization data at 9:15 am, Business Inventories & Home Builder Confidence Index data at 10 am & Fed President Hammack speaking at 12 pm.
Abbott Labs, ASML, Autoliv, Citizens Financial Group, First Horizon, Prologis, Travelers & U.S. Bancorp all report earnings before Wednesday morning’s session, before Alcoa, Bank OZK, CSX, F.N.B., First Industrial Realty, Home Bancshares, Liberty Energy, Rexford Industrial Realty, Simmons First National, SL Green Realty, Synovus & Triumph Financial report after the closing bell.
Initial Jobless Claims, Housing Starts, Building Permits & Philadelphia Fed Manufacturing Survey data are all released Thursday at 8:30 am.
Thursday morning’s earnings calls kick off with UnitedHealth Group, Ally Financial, American Express, Badger Meter, Charles Schwab, D.R. Horton, Fifth Third, Huntington Banc, Insteel Industries, KeyCorp, Manpower, Regions Financial, Snap-On, State Street, Texas Capital & Truist.
Friday begins with Fed President Daly speaking at 8 am & there are no noteworthy earnings reports scheduled.
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 ***
The VIX closed at 37.56, indicating an implied one day move of +/-2.37% & an implied one month move of +/-10.86% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/11/2025’s Close:
1 – PLTR
2 – NEM
3 – VRSN
4 – CVS
5 – COR
6 – UNH
7 – MCK
8 – TTWO
9 – CNP
10 – PM
Lowest Technical Rated S&P 500 Components Per 4/11/2025’s Close:
1 – CRL
2 – MRNA
3 – MCHP
4 – ON
5 – APA
6 – TER
7 – SWK
8 – ALB
9 – ZBRA
10 – DOW
Highest Volume Rated S&P 500 Components Per 4/11/2025’s Close:
1 – CRL
2 – TXN
3 – NEM
4 – AMCR
5 – RVTY
6 – RMD
7 – MPWR
8 – FAST
9 – ON
10 – HII
Lowest Volume Rated S&P 500 Components Per 4/11/2025’s Close:
1 – SMCI
2 – EIX
3 – NRG
4 – PCG
5 – WBA
6 – JNPR
7 – PARA
8 – PAYC
9 – DASH
10 – VST
Highest Technical Rated ETFs Per 4/11/2025’s Close:
1 – UVXY
2 – UVIX
3 – VIXY
4 – LABD
5 – NUGT
6 – JNUG
7 – GDMN
8 – ETHD
9 – SETH
10 – TZA
Lowest Technical Rated ETFs Per 4/11/2025’s Close:
1 – ETHU
2 – ETHT
3 – MSOX
4 – SOXL
5 – SVIX
6 – DEFG
7 – HZEN
8 – LABU
9 – DPST
10 – CONL
Highest Volume Rated ETFs Per 4/11/2025’s Close:
1 – QQXT
2 – MUSE
3 – SPMV
4 – PATN
5 – NBSM
6 – SURI
7 – NDIA
8 – JEMB
9 – SHUS
10 – HYBX
Lowest Volume Rated ETFs Per 4/11/2025’s Close:
1 – FDVL
2 – PABU
3 – FEUZ
4 – DECU
5 – ISEP
6 – FDTB
7 – GSID
8 – GVUS
9 – GBUY
10 – TFJL
Highest Technical Rated General Stocks Per 4/11/2025’s Close:
1 – JNVR
2 – ONPH
3 – IGOT
4 – CANB
5 – RGC
6 – NUTX
7 – LXEH
8 – RAASY
9 – TOI
10 – OCG
Lowest Technical Rated General Stocks Per 4/11/2025’s Close:
1 – VCIG
2 – XHG
3 – JYD
4 – GDHG
5 – WHLR
6 – ADTX
7 – HEPA
8 – PTN
9 – VINC
10 – RNAZ
Highest Volume Rated General Stocks Per 4/11/2025’s Close:
1 – OUT
2 – MAMA
3 – MMA
4 – MSPR
5 – FFNTF
6 – BGLC
7 – SPLP
8 – BON
9 – THTX
10 – TSNDF
Lowest Volume Rated General Stocks Per 4/11/2025’s Close:
1 – CTSDF
2 – BNPQF
3 – LTRPA
4 – NMTLF
5 – SEOVF
6 – AATC
7 – CTOR
8 – DSNY
9 – MRAI
10 – MTBLY
*** 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 ***
The VIX closed at 40.72, indicating an implied one day move of +/-2.57% & an implied one month move of +/-11.77% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/10/2025’s Close:
1 – PLTR
2 – CVS
3 – UNH
4 – VRSN
5 – COR
6 – MCK
7 – CNP
8 – NEM
9 – KR
10 – PM
Lowest Technical Rated S&P 500 Components Per 4/10/2025’s Close:
1 – CRL
2 – MRNA
3 – APA
4 – MCHP
5 – ON
6 – ALB
7 – DOW
8 – TER
9 – ENPH
10 – ZBRA
Highest Volume Rated S&P 500 Components Per 4/10/2025’s Close:
1 – KMX
2 – CRL
3 – LH
4 – PLD
5 – NKE
6 – APA
7 – IR
8 – STZ
9 – MTD
10 – A
Lowest Volume Rated S&P 500 Components Per 4/10/2025’s Close:
1 – SMCI
2 – JNPR
3 – EIX
4 – TKO
5 – LW
6 – DFS
7 – DAY
8 – IP
9 – DASH
10 – LEN
Highest Technical Rated ETFs Per 4/10/2025’s Close:
1 – UVXY
2 – LABD
3 – UVIX
4 – VIXY
5 – ETHD
6 – SETH
7 – TZA
8 – SRTY
9 – DRIP
10 – BIS
Lowest Technical Rated ETFs Per 4/10/2025’s Close:
1 – ETHU
2 – ETHT
3 – MSOX
4 – SOXL
5 – SVIX
6 – LABU
7 – CONL
8 – AMDL
9 – DEFG
10 – HIBL
Highest Volume Rated ETFs Per 4/10/2025’s Close:
1 – QMMY
2 – FHEQ
3 – OCTD
4 – SRHQ
5 – NDAA
6 – PLDR
7 – DIVG
8 – IGCB
9 – JPME
10 – XNOV
Lowest Volume Rated ETFs Per 4/10/2025’s Close:
1 – ACLO
2 – XAPR
3 – GSID
4 – BAUG
5 – BBEM
6 – TOTR
7 – FSZ
8 – XHYC
9 – CCNR
10 – FDGR
Highest Technical Rated General Stocks Per 4/10/2025’s Close:
1 – JNVR
2 – IGOT
3 – SGMD
4 – CANB
5 – NUTX
6 – RAASY
7 – RGC
8 – LXEH
9 – TOI
10 – CMRX
Lowest Technical Rated General Stocks Per 4/10/2025’s Close:
1 – FMTO
2 – SUNE
3 – MULN
4 – GDHG
5 – JYD
6 – VCIG
7 – ACON
8 – ADTX
9 – AEON
10 – WHLR
Highest Volume Rated General Stocks Per 4/10/2025’s Close:
1 – PRFX
2 – TWO
3 – KTTA
4 – HYFM
5 – CIIT
6 – LUCY
7 – OUT
8 – IFNNF
9 – WHLR
10 – BCLI
Lowest Volume Rated General Stocks Per 4/10/2025’s Close:
1 – BONXF
2 – CIAFF
3 – GDRZF
4 – AZREF
5 – SCRYY
6 – GIGM
7 – HTLM
8 – BCOW
9 – SAGGF
10 – RNLXY
*** 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 ***
The VIX closed at 33.62, indicating an implied one day move of +/-2.12% & an implied one month move of +/-9.72% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/9/2025’s Close:
1 – PLTR
2 – CVS
3 – VRSN
4 – DASH
5 – CNP
6 – TTWO
7 – MCK
8 – PM
9 – MNST
10 – HWM
Lowest Technical Rated S&P 500 Components Per 4/9/2025’s Close:
1 – MRNA
2 – DOW
3 – ALB
4 – APA
5 – ON
6 – TER
7 – EL
8 – VTRS
9 – ENPH
10 – ZBRA
Highest Volume Rated S&P 500 Components Per 4/9/2025’s Close:
1 – IQV
2 – PLD
3 – UAL
4 – DAL
5 – BAC
6 – SWK
7 – URI
8 – ALB
9 – DOV
10 – TFC
Lowest Volume Rated S&P 500 Components Per 4/9/2025’s Close:
1 – HSY
2 – EG
3 – UHS
4 – TKO
5 – LW
6 – WBA
7 – IPG
8 – EIX
9 – SMCI
10 – BR
Highest Technical Rated ETFs Per 4/9/2025’s Close:
1 – LABD
2 – UVXY
3 – VIXY
4 – ETHD
5 – SETH
6 – BIS
7 – UVIX
8 – TZA
9 – SRTY
10 – GDMN
Lowest Technical Rated ETFs Per 4/9/2025’s Close:
1 – MSOX
2 – ETHT
3 – ETHU
4 – TSLZ
5 – LABU
6 – CONL
7 – SVIX
8 – TSLQ
9 – SOXL
10 – TSDD
Highest Volume Rated ETFs Per 4/9/2025’s Close:
1 – CLNR
2 – TRSY
3 – KCSH
4 – INFR
5 – QQXT
6 – IMAY
7 – CARK
8 – OCEN
9 – USPX
10 – XHYE
Lowest Volume Rated ETFs Per 4/9/2025’s Close:
1 – FDVL
2 – GVUS
3 – CCNR
4 – FDGR
5 – PSCX
6 – ISEP
7 – BBEM
8 – RSSE
9 – SECR
10 – VNSE
Highest Technical Rated General Stocks Per 4/9/2025’s Close:
1 – TMPOQ
2 – JNVR
3 – CANB
4 – TVCCF
5 – LXEH
6 – RGC
7 – MRGE
8 – NUTX
9 – RAASY
10 – VERO
Lowest Technical Rated General Stocks Per 4/9/2025’s Close:
1 – FMTO
2 – SUNE
3 – MULN
4 – JYD
5 – AGMH
6 – GDHG
7 – BON
8 – TCBPY
9 – VCIG
10 – ACON
Highest Volume Rated General Stocks Per 4/9/2025’s Close:
1 – SLG
2 – PHIO
3 – FMTO
4 – WORX
5 – VERO
6 – AEHL
7 – XXII
8 – VALN
9 – DXF
10 – SGN
Lowest Volume Rated General Stocks Per 4/9/2025’s Close:
1 – ALPIB
2 – BCOW
3 – MRAI
4 – ANRGF
5 – MTBLY
6 – JPOTF
7 – ARESF
8 – SVBL
9 – BKUCF
10 – OFSTF
*** 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 ***
The VIX closed at 52.33, indicating an implied one day move of +/-3.3% & an implied one month move of +/-15.12% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/8/2025’s Close:
1 – CVS
2 – PLTR
3 – COR
4 – CNP
5 – VRSN
6 – T
7 – PM
8 – KR
9 – EXC
10 – MCK
Lowest Technical Rated S&P 500 Components Per 4/8/2025’s Close:
1 – MRNA
2 – MCHP
3 – ON
4 – ALB
5 – APA
6 – SWKS
7 – DOW
8 – TER
9 – SWK
10 – AMD
Highest Volume Rated S&P 500 Components Per 4/8/2025’s Close:
1 – SWK
2 – EMN
3 – MNST
4 – HUM
5 – ALB
6 – HOLX
7 – EXC
8 – IEX
9 – MAA
10 – PANW
Lowest Volume Rated S&P 500 Components Per 4/8/2025’s Close:
1 – WAB
2 – COO
3 – TKO
4 – MRNA
5 – DASH
6 – MTB
7 – KVUE
8 – ERIE
9 – SMCI
10 – FDS
Highest Technical Rated ETFs Per 4/8/2025’s Close:
1 – UVIX
2 – UVXY
3 – SOXS
4 – LABD
5 – HIBS
6 – VIXY
7 – ETHD
8 – TZA
9 – SRTY
10 – TECS
Lowest Technical Rated ETFs Per 4/8/2025’s Close:
1 – ETHU
2 – ETHT
3 – MSOX
4 – SOXL
5 – CONL
6 – AMDL
7 – LABU
8 – HIBL
9 – SVIX
10 – TSLL
Highest Volume Rated ETFs Per 4/8/2025’s Close:
1 – TPLE
2 -KVLE
3 – GPRF
4 – TPHE
5 – ASIA
6 – XHYH
7 – XHYI
8 – XHYF
9 – XHYC
10 – XHYT
Lowest Volume Rated ETFs Per 4/8/2025’s Close:
1 – UNIY
2 – ACLO
3 – AUGT
4 – PSCQ
5 – MBND
6 – GENM
7 – ISEP
8 – UJB
9 – MRCP
10 – CPSO
Highest Technical Rated General Stocks Per 4/8/2025’s Close:
1 – JNVR
2 – LXEH
3 – CANB
4 – RAASY
5 – RGC
6 – CMRX
7 – VVPR
8 – NUTX
9 – OCG
10 – YOSH
Lowest Technical Rated General Stocks Per 4/8/2025’s Close:
1 – MULN
2 – LGMK
3 – JYD
4 – GDHG
5 – VCIG
6 – CLEU
7 – HEPA
8 – RNAZ
9 – GRI
10 – ADTX
Highest Volume Rated General Stocks Per 4/8/2025’s Close:
1 – STXP
2 – ZVSA
3 – NAOV
4 – OUT
5 – SVRE
6 – GLXG
7 – IXHL
8 – FGI
9 – NXU
10 – UNIT
Lowest Volume Rated General Stocks Per 4/8/2025’s Close:
1 – NAUFF
2 – FMCXF
3 – ALPIB
4 – BNPQF
5 – FPOCF
6 – MRAI
7 – XTGRF
8 – MTWO
9 – CVWFF
10 – VHIBF
*** 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 ***
