The VIX closed at 22.68, indicating an implied one day move of +/-1.43% & an implied one month move of +/-6.56% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/2/2025’s Close:
1 – PLTR
2 – HWM
3 – GEV
4 – NFLX
5 – VRSN
6 – CRWD
7 – NRG
8 – CAH
9 – APH
10 – DASH
Lowest Technical Rated S&P 500 Components Per 5/2/2025’s Close:
1 – ENPH
2 – MRNA
3 – BDX
4 – CRL
5 – TER
6 – UNH
7 – ARE
8 – SWK
9 – LYB
10 – DOW
Highest Volume Rated S&P 500 Components Per 5/2/2025’s Close:
1 – TTWO
2 – BDX
3 – KDP
4 – MSI
5 – HOLX
6 – DXCM
7 – SYK
8 – MHK
9 – GDDY
10 – ABNB
Lowest Volume Rated S&P 500 Components Per 5/2/2025’s Close:
1 – NWS
2 – DTE
3 – HCA
4 – AEP
5 – RJF
6 – STZ
7 – PGR
8 – FITB
9 – ACN
10 – WBA
Highest Technical Rated ETFs Per 5/2/2025’s Close:
1 – PTIR
2 – PLTU
3 – SHLD
4 – MSTU
5 – MSTX
6 – SCO
7 – UGL
8 – BABX
9 – FGM
10 – BTCL
Lowest Technical Rated ETFs Per 5/2/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – HZEN
4 – TSDD
5 – ETHU
6 – ETHT
7 – BTCZ
8 – SBIT
9 – MRNY
10 – KOLD
Highest Volume Rated ETFs Per 5/2/2025’s Close:
1 – BSR
2 – MGRO
3 – BTR
4 – NVOX
5 – IMAR
6 – IJAN
7 – BOXA
8 – CAAA
9 – SAGP
10 – PEMX
Lowest Volume Rated ETFs Per 5/2/2025’s Close:
1 – CCNR
2 – BBEM
3 – TYLD
4 – AFIX
5 – XFIV
6 – AUGW
7 – VSHY
8 – SPC
9 – KLMN
10 – XBJL
Highest Technical Rated General Stocks Per 5/2/2025’s Close:
1 – CRTG
2 – JNVR
3 – AIJTY
4 – RGLS
5 – RGC
6 – EMWPF
7 – ABVE
8 – AREN
9 – VAXX
10 – TOI
Lowest Technical Rated General Stocks Per 5/2/2025’s Close:
1 – NIVF
2 – MULN
3 – PTPI
4 – IXHL
5 – STSS
6 – SUNE
7 – JBIO
8 – EJH
9 – FMTO
10 – YHC
Highest Volume Rated General Stocks Per 5/2/2025’s Close:
1 – DEA
2 – PLRZ
3 – FRGT
4 – AIFU
5 – NTRP
6 – IBO
7 – MAMA
8 – PAPL
9 – NITO
10 – ADIL
Lowest Volume Rated General Stocks Per 5/2/2025’s Close:
1 – CTXXF
2 – ARREF
3 – RSASF
4 – CRECF
5 – SHFS
6 – VSME
7 – LIFFF
8 – WHLM
9 – OST
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 ***
The VIX closed at 24.6, indicating an implied one day move of +/-1.55% & an implied one month move of +/-7.11% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/1/2025’s Close:
1 – PLTR
2 – NFLX
3 – VRSN
4 – HWM
5 – GEV
6 – CRWD
7 – TTWO
8 – NRG
9 – PM
10 – AXON
Lowest Technical Rated S&P 500 Components Per 5/1/2025’s Close:
1 – ENPH
2 – MRNA
3 – CRL
4 – SWK
5 – TER
6 – BDX
7 – ARE
8 – UNH
9 – HAL
10 – BLDR
Highest Volume Rated S&P 500 Components Per 5/1/2025’s Close:
1 – BDX
2 – FTV
3 – LLY
4 – APD
5 – QCOM
6 – VTR
7 – MSFT
8 – CHD
9 – HUBB
10 – PWR
Lowest Volume Rated S&P 500 Components Per 5/1/2025’s Close:
1 – DLTR
2 – BLK
3 – RF
4 – GPC
5 – WBA
6 – NKE
7 – MMM
8 – ADM
9 – FITB
10 – NVR
Highest Technical Rated ETFs Per 5/1/2025’s Close:
1 – PTIR
2 – PLTU
3 – TESL
4 – SHLD
5 – SCO
6 – UGL
7 – DEFI
8 – GDMN
9 – BTCL
10 – MSTU
Lowest Technical Rated ETFs Per 5/1/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – HZEN
5 – ETHU
6 – BTCZ
7 – ETHT
8 – SBIT
9 – SOXL
10 – MRNY
Highest Volume Rated ETFs Per 5/1/2025’s Close:
1 – MEMX
2 – AUGZ
3 – FLJJ
4 – SEPP
5 – QBER
6 – PBMY
7 – DEEF
8 – PEMX
9 – CAAA
10 – OGSP
Lowest Volume Rated ETFs Per 5/1/2025’s Close:
1 – SPEU
2 – SBND
3 – FDVL
4 – TRPA
5 – RFLR
6 – XBJA
7 – NUGO
8 – USCL
9 – CVSE
10 – PBDE
Highest Technical Rated General Stocks Per 5/1/2025’s Close:
1 – JNVR
2 – RGC
3 – RGLS
4 – AIJTY
5 – ABVE
6 – AREN
7 – TOI
8 – NEWH
9 – SALM
10 – UPXI
Lowest Technical Rated General Stocks Per 5/1/2025’s Close:
1 – MULN
2 – PTPI
3 – JBIO
4 – IXHL
5 – FMTO
6 – SUNE
7 – STSS
8 – YHC
9 – LICYF
10 – ACON
Highest Volume Rated General Stocks Per 5/1/2025’s Close:
1 – CMCT
2 – TWO
3 – ZCAR
4 – HCTI
5 – KRON
6 – PAPL
7 – ADIL
8 – ATNF
9 – HOOK
10 – STKH
Lowest Volume Rated General Stocks Per 5/1/2025’s Close:
1 – HWNI
2 – ELRRF
3 – CIAFF
4 – CPFXF
5 – ZOOZ
6 – TRCK
7 – SNTG
8 – HGTXU
9 – SYRA
10 – AAUAF
*** 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 ***
XLV, The Health Care Select Sector SPDR Fund ETF has remained near-perfectly flat Y-o-Y, dipping only -0.04%, while having fallen -12.06% since their 52-week high in September of 2024, while sitting +8.27% above their 52-week low set in April of 2025 (all figures ex-distributions).
Some of their largest holdings include Eli Lilly & Co. (LLY), UnitedHealth Group Inc. (UNH), Johnson & Johnson (JNJ), AbbVie Inc. (ABBV), Abbott Laboratories (ABT), Merck & Co. Inc. (MRK), Intuitive Surgical Inc. (ISRG), Thermo Fisher Scientific (TMO), Amgen Inc. (AMGN) & Boston Scientific Corp. (BSX).
Given how close their 52-week low was & how sharp the V-shape of their rally since has gone, it is a good time to check in on the volume sentiments at of the prices they’ve traded at in recent history.
Below is a brief technical analysis of XLV, as well as a price level:volume sentiment analysis of each of the price levels XLV has traded at over the past ~3 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 market participant 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 XLV.
Technical Analysis Of XLV, The Health Care Select Sector SPDR Fund ETF
XLV ETF – Health Care Select Sector SPDR Fund ETF’s Technical Performance Over The Past Year
Their RSI has just bullishly advanced over the neutral 50-mark & currently sites at 53.16, while their MACD is still bullish after crossing over the signal line last week.
Volumes have been -9.64% vs. the prior year’s average over the past week & a half (7,012,500 vs. 7,760,714.29), which casts a light of skepticism on their recent bull run though, especially after all of the declining volume of early April, as it signals that there is still a great deal of uncertainty out there.
Last Monday opened on a gap down session with low volume that dipped as low as $131.56/share before closing at $132.57/share.
Tuesday opened midway between the range of XLV’s Monday candle’s real-body, tested lower briefly, before powering higher & closing just below Monday’s opening price to form a bullish harami pattern, which spurred the rally that we’ve witnessed since.
Wednesday opened on a gap higher above the 10 day moving average’s resistance, indicating that there is a short-term change in sentiment for XLV, but there were signs that this is not necessarily going to be long-lived.
While Wednesday was able to rally as high as $137.93/share, it was also pushed below the session to as low as $135.13/share to close below the 10 day moving average’s resistance at $135.73/share, as the highest volume of the past week & a half was attributed to intraday profit taking.
Thursday opened slightly higher, but below the 10 DMA, tested lower & found footing near Wednesday’s lows & managed to break above & close higher than the 10 DMA.
Friday opened on a gap up, retraced almost entirely all the way down Thursday’s candle’s real body, before breaking out higher to close above the $138/share mark.
The theme of these deep day-over-day retests (which have continued each day since), which also adds to the skepticism behind the strength of the rally, as it shows that there has still been a strong sense to stay close to the 10 day moving average & that there may be a bit of day-over-day profit taking happening.
This week kicked off on a gap up open for XLV, briefly breaking $139/share intra-day, to the upside, but also briefly breaking down below the $138/share level & the session resulted in ambiguity as the day’s candle closed as a spinning top.
This uncertainty will lead to an interesting next couple of days, particularly as we watch to see if there is any form of bearishness heading into the weekend/on the open of next week.
Tuesday also showed a wide range of indecision with the high waves on the day’s candle, which based on the small uptick in volume was also likely the result of a bit of intraday profit taking as the price moved further from the short-term trend line.
Wednesday opened on a gap up, but began showing cracks in the enthusiasm, as prices retraced down beyond the $139/share level & temporarily to below Tuesday’s opening price, before managing to find footing & rally higher into the close.
This indicates that there is likely to be more downside pressure on the horizon & that there is a growing appetite for profit taking in the wake of the recent run up.
The narrow tweezer v-shaped recovery also looks like it will be unsustainable in the long-run & that there will be some form of declines on the horizon.
To the upside the first price level to be watching is $141.71, which is the high from April 4, 2025, as a retest of that that is unsuccessful is likely to indicate that there’s a consolidation coming.
Should it be broken through, there is a resistance zone between $142.73 (50 Day Moving Average) & $145.81/share (200 Day Moving Average) where there are eight total resistance touch-points (9 if you count the resistance level $0.04 above the 200 DMA) before the levels become less condensed.
What’s particularly troubling here is that each of those levels resides in a Seller dominated price level per the past ~3 years.
This makes it seem that we won’t be seeing any breakout above the long-term trend line’s (200 DMA) resistance for quite some time, unless it involves a high volume gap above it (and even then, it’s unlikely to sustain for long).
What’s more likely is that we see continued consolidation that oscillates around the 10 day moving average, as there is quite a bit of uncertainty still remaining in the market.
This is also in part because the price zones between the current price & the 10 DMA’s support are historically Seller dominated, but the 10 DMA resides in a Buyer oriented zone historically.
Another interesting point to watch there ties into the bear case, as while there are seven support levels between Wednesday’s closing price & the bottom of XLV’s one year chart, the lowest is at $129.66, which is the bottom point of the consolidation range mentioned above.
This likely will be why unless there is a major earnings disappointment, the XLV’s price will be following the 10 DMA & swimming around it like the remoras that swim around sharks & whales until we get an upside or downside catalyst.
One thing is for certain though, no heightened volume, no serious breakout in either direction, particularly after the subdued volume levels of the past year vs. the years prior.
With that said, it’s worth reviewing the tables in the section below, as well as the past 1,2 & 3 year charts (and other longer-dated ones based on your time horizons, but given this is ~3 years of data that’s a good idea to review) & assess where XLV might find its support & resistance, and reference the data below.
The section below outlines the volume sentiment at each price level XLV has traded at over the past ~3 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLV retests in the coming weeks.
This can aid in understanding how market participants may behave again at each level.
Price Level:Volume Sentiment Analysis For XLV, The Health Care Select Sector SPDR Fund ETF
The top table below shows the support & resistance levels of XLV from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Wednesday 4/30/2025’s closing data for their price & moving averages/other technicals.
The 10, 50 & 200 day moving averages are denoted with bold.
The next tables show the volume sentiment at each individual price level XLV 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 XLV.
The following section lays out XLV’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 ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.
XLV ETF’s Price Level:Volume Sentiment Over The Past ~3 Years At Their Past Year’s Support/Resistance Levels
XLV ETF’s Price Level:Volume Sentiment Over The Past ~3 YearsAt Their Past Year’s Support/Resistance Levels
Price Level:Volume Sentiment For XLV ETF Over The Past ~3 Years
Price Level:Volume Sentiment For XLV ETF Over The Past ~3 Years
$158 – NULL – 0:0*, +12.48% From Current Price Level
$156 – NULL – 0:0*, +11.06% From Current Price Level
$154 – Buyers – 2:1, +9.63% From Current Price Level
$152 – Buyers – 1.56:1, +8.21% From Current Price Level
$150 – Sellers – 1.13:1, +6.78% From Current Price Level
$148 – Buyers – 2.75:1, +5.36% From Current Price Level
$146 – Buyers – 1.27:1, +3.94% From Current Price Level
$144 – Sellers – 1.33:1, +2.51% From Current Price Level – 200 Day Moving Average*
$142 – Sellers – 1.45:1, +1.09% From Current Price Level – 50 Day Moving Average*
$140 – Buyers – 1.41:1, -0.33% From Current Price Level – Current Price Level*
$138 – Sellers – 1.23:1, -1.76% From Current Price Level
$136 – Buyers – 1.04:1, -3.18% From Current Price Level – 10 Day Moving Average*
$134 – Even – 1:1, -4.61% From Current Price Level
$132 – Buyers – 1.07:1, -6.03% From Current Price Level
$130 – Buyers – 1.25:1, -7.45% From Current Price Level
$128 – Buyers – 1.47:1, -8.88% From Current Price Level
$126 – Buyers – 1.15:1, -10.3% From Current Price Level
$124 – Even – 1:1, -11.72% From Current Price Level
$122 – Sellers – 1.2:1, -13.15% From Current Price Level
$120 – Sellers – 1.13:1, -14.57% From Current Price Level
$118 – Sellers – 1.39:1, -16% From Current Price Level
$116 – Sellers – 1.24:1, -17.42% From Current Price Level
$114 – Buyers – 1.07:1, -18.84% From Current Price Level
$112 – Sellers – 3:1, -20.27% From Current Price Level
$110 – Buyers – 2.75:1, -21.69% From Current Price Level
$108 – Buyers – 2.89:1, -23.12% From Current Price Level
$106 – Sellers – 1.05:1, -24.54% From Current Price Level
$104 – Sellers – 1.31:1, -25.96% From Current Price Level
$102 – Buyers – 1.5:1, -27.39% From Current Price Level
$100 – Buyers – 1.4:1, -28.81% From Current Price Level
$99 – Even – 1:1, -29.52% From Current Price Level
$98 – Sellers – 1.82:1, -30.23% From Current Price Level
$97 – Sellers – 1.33:1, -30.95% From Current Price Level
$96 – Buyers – 1.17:1, -31.66% From Current Price Level
$95 – Buyers – 2.5:1, -32.37% From Current Price Level
$94 – Sellers – 1.2:1, -33.08% From Current Price Level
$93 – Buyers – 1.67:1, -33.79% From Current Price Level
$92 – Buyers – 2.25:1, -34.51% From Current Price Level
$91 – Sellers – 1.5:1, -35.22% From Current Price Level
$90 – Buyers – 1.4:1, -35.93% From Current Price Level
$89 – Sellers – 0.8:0*, -36.64% From Current Price Level
$88 – NULL – 0:0*, -37.35% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLV AT THE TIME OF PUBLISHING THIS ARTICLE ***
The VIX closed at 24.7, indicating an implied one day move of +/-1.56% & an implied one month move of +/-7.14% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/30/2025’s Close:
1 – PLTR
2 – VRSN
3 – NFLX
4 – CRWD
5 – TTWO
6 – GEV
7 – PM
8 – HWM
9 – AXON
10 – CNP
Lowest Technical Rated S&P 500 Components Per 4/30/2025’s Close:
1 – ENPH
2 – MRNA
3 – TER
4 – APA
5 – ARE
6 – CRL
7 – SWK
8 – HAL
9 – ALB
10 – NCLH
Highest Volume Rated S&P 500 Components Per 4/30/2025’s Close:
1 – AMCR
2 – FSLR
3 – SBUX
4 – CSGP
5 – ITW
6 – STX
7 – EIX
8 – GRMN
9 – SWK
10 – GEHC
Lowest Volume Rated S&P 500 Components Per 4/30/2025’s Close:
1 – WBA
2 – AKAM
3 – LEN
4 – STZ
5 – CEG
6 – LW
7 – TKO
8 – WDAY
9 – IPG
10 – KEY
Highest Technical Rated ETFs Per 4/30/2025’s Close:
1 – JNUG
2 – NUGT
3 – GDMN
4 – UGL
5 – PTIR
6 – PLTU
7 – SCO
8 – SHLD
9 – SGDM
10 – AUMI
Lowest Technical Rated ETFs Per 4/30/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHU
5 – ETHT
6 – HZEN
7 – BTCZ
8 – SOXL
9 – SBIT
10 – SVIX
Highest Volume Rated ETFs Per 4/30/2025’s Close:
1 – SSPY
2 – JIVE
3 – XVV
4 – MIDE
5 – PMAY
6 – CEW
7 – EFIV
8 – HDUS
9 – HTUS
10 – IMAY
Lowest Volume Rated ETFs Per 4/30/2025’s Close:
1 – CNEQ
2 – FDVL
3 – XMAY
4 – XBJA
5 – MINV
6 – GVUS
7 – FDTB
8 – TPLE
9 – PSMR
10 – IMAR
Highest Technical Rated General Stocks Per 4/30/2025’s Close:
1 – JNVR
2 – RGLS
3 – RGC
4 – AREN
5 – ABVE
6 – NEWH
7 – TOI
8 – ONXGF
9 – TMPOQ
10 – SALM
Lowest Technical Rated General Stocks Per 4/30/2025’s Close:
1 – MULN
2 – FMTO
3 – SUNE
4 – IXHL
5 – YHC
6 – STSS
7 – ACON
8 – HEPA
9 – XHG
10 – WLGS
Highest Volume Rated General Stocks Per 4/30/2025’s Close:
1 – JFBR
2 – OUT
3 – FRGT
4 – MAMA
5 – PPBT
6 – GRAF
7 – STSS
8 – JTAI
9 – CNF
10 – UNIT
Lowest Volume Rated General Stocks Per 4/30/2025’s Close:
1 – ALPIB
2 – CTXXF
3 – CVVUF
4 – NMHI
5 – SVBL
6 – SYRA
7 – PMCOF
8 – CIAFF
9 – HPQFF
10 – CRCUF
*** 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 24.17, indicating an implied one day move of +/-1.52% & an implied one month move of +/-6.99% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/29/2025’s Close:
1 – PLTR
2 – NFLX
3 – VRSN
4 – CRWD
5 – GEV
6 – TTWO
7 – PM
8 – AXON
9 – HWM
10 – NRG
Lowest Technical Rated S&P 500 Components Per 4/29/2025’s Close:
1 – ENPH
2 – MRNA
3 – ARE
4 – CRL
5 – TER
6 – SWK
7 – UNH
8 – REGN
9 – ON
10 – APA
Highest Volume Rated S&P 500 Components Per 4/29/2025’s Close:
1 – AMCR
2 – LH
3 – PCAR
4 – REGN
5 – ZBRA
6 – IR
7 – STE
8 – FFIV
9 – ARE
10 – NXPI
Lowest Volume Rated S&P 500 Components Per 4/29/2025’s Close:
1 – JBL
2 – VLO
3 – AVGO
4 – HSIC
5 – BX
6 – BLK
7 – BG
8 – MMM
9 – ADM
10 – NWS
Highest Technical Rated ETFs Per 4/29/2025’s Close:
1 – UGL
2 – JNUG
3 – NUGT
4 – GDMN
5 – PTIR
6 – PLTU
7 – AUMI
8 – SHLD
9 – SGDM
10 – MSTU
Lowest Technical Rated ETFs Per 4/29/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – HZEN
5 – ETHU
6 – ETHT
7 – BTCZ
8 – SBIT
9 – SOXL
10 – MSOX
Highest Volume Rated ETFs Per 4/29/2025’s Close:
1 – THYF
2 – GSEE
3 – CAFX
4 – IMAY
5 – SELV
6 – SDCI
7 – FLDB
8 – SRVR
9 – DIEM
10 – EWK
Lowest Volume Rated ETFs Per 4/29/2025’s Close:
1 – UNIY
2 – METV
3 – CNRG
4 – BBEM
5 – BAUG
6 – GSID
7 – JULT
8 – KOOL
9 – GOVI
10 – TSEC
Highest Technical Rated General Stocks Per 4/29/2025’s Close:
1 – JNVR
2 – AREN
3 – TMPOQ
4 – NEWH
5 – AIJTY
6 – UPXI
7 – ONXGF
8 – TOI
9 – SALM
10 – OCG
Lowest Technical Rated General Stocks Per 4/29/2025’s Close:
1 – GNLN
2 – MULN
3 – FMTO
4 – SUNE
5 – PTPI
6 – AVTE
7 – STSS
8 – IXHL
9 – YHC
10 – ACON
Highest Volume Rated General Stocks Per 4/29/2025’s Close:
1 – OMH
2 – WLDS
3 – IXHL
4 – CYCC
5 – DEA
6 – WW
7 – DBIN
8 -ZBAI
9 – WHLM
10 – NSA
Lowest Volume Rated General Stocks Per 4/29/2025’s Close:
1 – LGMK
2 – LTRPA
3 – IEGCF
4 – CVALF
5 – NWGL
6 – CJET
7 – GDRZF
8 – TSBX
9 – PRKR
10 – TAOIF
*** 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 26.47, indicating an implied one day move of +/-1.67% & an implied one month move of +/-7.65% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/24/2025’s Close:
1 – PLTR
2 – NFLX
3 – PM
4 – GEV
5 – CRWD
6 – TTWO
7 – NEM
8 – VRSN
9 – APH
10 – WRB
Lowest Technical Rated S&P 500 Components Per 4/24/2025’s Close:
1 – ENPH
2 – MRNA
3 – GPN
4 – CRL
5 – ALB
6 – TER
7 – SWK
8 – DOW
9 – APA
10 – UNH
Highest Volume Rated S&P 500 Components Per 4/24/2025’s Close:
1 – FI
2 – NOW
3 – IBM
4 – POOL
5 – HAS
6 – TYL
7 – ORLY
8 – WST
9 – ALLE
10 – EW
Lowest Volume Rated S&P 500 Components Per 4/24/2025’s Close:
1 – NWS
2 – IP
3 – PPG
4 – ICE
5 – WBA
6 – JNPR
7 – AEE
8 – HSY
9 – ADM
10 – MSI
Highest Technical Rated ETFs Per 4/24/2025’s Close:
1 – JNUG
2 – NUGT
3 – UGL
4 – GDMN
5 – AUMI
6 – VIXY
7 – SGDM
8 – MEXX
9 – UVXY
10 – GOAU
Lowest Technical Rated ETFs Per 4/24/2025’s Close:
1 – ETHU
2 – ETHT
3 – DEFG
4 – HZEN
5 – TSLZ
6 – TSLQ
7 – TSDD
8 – SVIX
9 – SOXL
10 – SBIT
Highest Volume Rated ETFs Per 4/24/2025’s Close:
1 – VMAX
2 – UIVM
3 – TAXE
4 – MAYT
5 – CVAR
6 – DMX
7 – FLCV
8 – UPGR
9 – REAI
10 – SRHR
Lowest Volume Rated ETFs Per 4/24/2025’s Close:
1 – CCNR
2 – MCSE
3 – ZOCT
4 – PSCW
5 – AFIX
6 – GDMA
7 – RGEF
8 – XBJA
9 – XFEB
10 – APLU
Highest Technical Rated General Stocks Per 4/24/2025’s Close:
1 – JNVR
2 – TOI
3 – UPXI
4 – NEWH
5 – AREN
6 – SRNE
7 – NUTX
8 – SALM
9 – UAMY
10 – GPHBF
Lowest Technical Rated General Stocks Per 4/24/2025’s Close:
1 – MULN
2 – FMTO
3 – CSDX
4 – SUNE
5 – LTRPB
6 – HEPA
7 – SYRA
8 – XHG
9 – GWSO
10 – WHLR
Highest Volume Rated General Stocks Per 4/24/2025’s Close:
1 – CMCT
2 – TWO
3 – GNLN
4 – LGCB
5 – MBIO
6 – XELB
7 – CNEY
8 – PET
9 – CERO
10 – ZENA
Lowest Volume Rated General Stocks Per 4/24/2025’s Close:
1 – FMCXF
2 – MRM
3 – CCWOF
4 – SEOVF
5 – GGGOF
6 – WHTCF
7 – SCTSF
8 – PRFX
9 – GDTC
10 – IFNNF
*** 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 ***
XLY, the Consumer Discretionary Select Sector SPDR ETF has advanced +7.89% over the past year, having fallen -22.52% from their 52-week high in December of 2024, but having gained 11.82% since their 52-week low in August of 2024.
While some members of the sector have fared better than others, there has been doubts about the strength of the US consumers, which is evident based on XLY being back to less than 10% from where they were one year ago.
Some of their top holdings include Amazon.com Inc. (AMZN), Tesla Inc. (TSLA), Home Depot Inc. (HD), McDonald’s Corp (MCD), Booking Holdings Inc. (BKNG), TJX Companies Inc. (TJX), Lowe’s Cos. Inc. (LOW), Starbucks Corp. (SBUX), O’Reilly Automotive Inc. (ORLY) & Nike Inc. (NKE).
While earnings calls continue to provide us insight into the current & future strength of consumers & broader markets remain volatile it is important to have an understanding of how market participants have behaved in the past at each of XLY’s price levels.
This will be especially valuable in instances of support/resistance retests, as understanding how historically strong/weak each level is lends clues into the market’s broader sentiment about these price levels & how they may behave again at them.
Below is a brief technical analysis of XLY, as well as a price level:volume sentiment analysis of the price levels XLY has traded at over the past ~3 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 XLY.
Technical Analysis Of XLY, The Consumer Discretionary Select Sector SPDR Fund ETF
XLY ETF – Consumer Discretionary Select Sector SPDR Fund ETF’s Technical Performance Over The Past Year
Their RSI is advancing back towards the neutral 50-level & currently sits at 43.81, while their MACD crossed over the signal line bullishly yesterday morning, but currently looks more set to dolphin & dip back below it in the short-term than actually lead to a meaningful advance.
Volumes have been +18.11% higher than the prior year’s average over the past six sessions (4,078,333.33 vs. 3,453,132.53), as while the heightened volume amid the volatility of the previous week has diluted significantly, there is still elevated participation levels.
Last Monday XLY opened on a gap up, tested a little higher, before ultimately plummeting to test below the $190/share level in a bearish session that closed below its opening price.
Tuesday opened on a gap lower, retraced about halfway through Monday’s real-body, but was unable to find enough traction & sunk lower on the day, with the day’s low touching $187.83, signaling that there was further downside appetite.
The 10 day moving average’s support managed to keep XLY afloat above it, but the day’s low range showed that it was not sturdy.
Wednesday proved this when a gap down open was unable to retrace back to Tuesday’s closing price & XLY declined below the $182.50/share level temporarily, before clawing back up to close at $184.24/share, below the 10 DMA’s support.
Thursday the holiday week wound down with a harami cross that was about midway between Wednesday’s daily range, indicating that there was a degree of uncertainty heading into the weekend, but market participants thought XLY was fairly valued within the prior day’s range & below the resistance of the 10 day moving average.
This week kicked off on a bearish note, as the highest volume session of the past six days occurred on a gap down that went as low as $177.97/share before recovering to close lower on the day at $180.45.
Yesterday showed the second highest volume of that window on an advancing session that closed just beneath the 10 DMA’s resistance, after briefly breaking above it intraday.
Taking a step back & looking at XLY’s chart it is also worth noting the death cross that occurred last week when their 50 day moving average crossed bearishly through their 200 day moving average, meaning that now price is furthest from their long-term trend line, but below it.
This likely means that there are more declines on the near-to-mid-term horizon for XLY, particularly as it fills the window created by today’s gap up open in the coming week(s).
Much like our weekly market review note has been saying for weeks, unless there is a sustainable uptick in advancing volume, any gains such as those seen so far this morning should be viewed with skepticism.
This is made even more true now that the long-term trend line has been death crossed.
Price will likely oscillate around the 10 day moving average while the 50 DMA approaches it & the market waits for a catalyst to the up or downside, likely to come as a result of earnings reports over the next couple of weeks & tariff negotiation results.
Another area to consider is the wide-range advancing session from 4/9/2025, which has not proven to be a reversal point just yet, but that has played host to XLY’s consolidation range within it’s real body.
If today’s candle does not manage to break above that high & the window remains open, that may trigger a loss of confidence & some profit taking that drives XLY’s price down to test the low of 4/7/2025 at $173.10.
While there are other support levels in that range, particularly the new ones that were resistance before this morning’s open, sentiment is not particularly strong currently, given XLY’s recent performance.
The section below outlines the volume sentiment at each price level XLY has traded at over the past ~3 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLY retests in the coming weeks.
This can aid in understanding how market participants may behave again at each level.
Price Level:Volume Sentiment Analysis For XLY, The Consumer Discretionary Select Sector SPDR Fund ETF
The top table below shows the support & resistance levels of XLY 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 4/22/2025’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 XLY 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 XLY.
The following section lays out XLY’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 ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.
XLY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years At Their One Year Support/Resistance Levels
XLY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years
Price Level:Volume Sentiment For XLY ETF Over The past ~3 Years
Price Level:Volume Sentiment For XLY ETF Over The past ~3 Years
$240 – NULL – 0:0*, +29.14% From Current Price Level
$236 – Buyers – 1:0*, +26.98% From Current Price Level
$232 – Buyers – 2.4:1, +24.83% From Current Price Level
$228 – Buyers – 1.14:1, +22.68% From Current Price Level
$224 – Sellers – 1.03:1, +20.53% From Current Price Level
$220 – Sellers – 2.33:1, +18.38% From Current Price Level
$216 – Buyers – 1.7:1, +16.22% From Current Price Level
$212 – Sellers – 1.67:1, +14.07% From Current Price Level
$208 – Buyers – 1.7:1, +11.92% From Current Price Level
$204 – Sellers – 2:1, +9.77% From Current Price Level
$200 – Buyers – 5:1, +7.61% From Current Price Level – 50 & 200 Day Moving Averages**
$198 – Buyers – 1.56:1, +6.54% From Current Price Level
$196 – Buyers – 1.8:1, +5.46% From Current Price Level
$194 – Sellers – 5.33:1, +4.39% From Current Price Level
$192 – Sellers – 7:1, +3.31% From Current Price Level
$190 – Sellers – 1.73:1, +2.23% From Current Price Level
$188 – Buyers – 6.5:1, +1.16% From Current Price Level
$186 – Buyers – 1.7:1, +0.08% From Current Price Level – Current Price Level & 10 Day Moving Average**
$184 – Buyers – 5.75:1, -1% From Current Price Level
$182 – Buyers – 1.03:1, -2.07% From Current Price Level
$180 – Sellers – 1.6:1, -3.15% From Current Price Level
$178 – Buyers – 2.22:1, -4.22% From Current Price Level
$176 – Sellers – 1.25:1, -5.3% From Current Price Level
$174 – Sellers – 1.07:1, -6.38% From Current Price Level
$172 – Buyers – 1.36:1, -7.45% From Current Price Level
$170 – Buyers – 1.37:1, -8.53% From Current Price Level
$168 – Sellers – 1.08:1, -9.6% From Current Price Level
$166 – Buyers – 1.19:1, -10.68% From Current Price Level
$164 – Buyers – 3.47:1, -11.76% From Current Price Level
$162 – Sellers – 1.07:1, -12.83% From Current Price Level
$160 – Buyers – 1.5:1, -13.91% From Current Price Level
$158 – Buyers – 3.57:1, -14.99% From Current Price Level
$156 – Sellers – 1.11:1, -16.06% From Current Price Level
$154 – Sellers – 2.09:1, -17.14% From Current Price Level
$152 – Buyers – 1.32:1, -18.21% From Current Price Level
$150 – Buyers – 1.06:1, -19.29% From Current Price Level
$148 – Buyers – 1.16:1, -20.37% From Current Price Level
$146 – Sellers – 1.32:1, -21.44% From Current Price Level
$144 – Buyers – 2.32:1, -22.52% From Current Price Level
$142 – Sellers – 1.53:1, -23.59% From Current Price Level
$140 – Sellers – 1.64:1, -24.67% From Current Price Level
$138 – Sellers – 1.08:1, -25.75% From Current Price Level
$136 – Buyers – 1.17:1, -26.82% From Current Price Level
$134 – Sellers – 1.33:1, -27.9% From Current Price Level
$132 – Sellers – 4:0*, -28.97% From Current Price Level
$130 – Buyers – 1.38:1, -30.05% From Current Price Level
$128 – Buyers – 1.09:1, -31.13% From Current Price Level
$126 – Sellers – 1.36:1, -32.2% From Current Price Level
$124 – Sellers – 1.8:0*, -33.28% From Current Price Level
$122 – NULL – 0:0*, -34.36% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLY AT THE TIME OF PUBLISHING THIS ARTICLE ***
The VIX closed at 30.57, indicating an implied one day move of +/-1.93% & an implied one month move of +/-8.84% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 4/22/2025’s Close:
1 – PLTR
2 – NFLX
3 – PM
4 – KR
5 – NEM
6 – WRB
7 – VRSN
8 – DG
9 – EXC
10 – COR
Lowest Technical Rated S&P 500 Components Per 4/22/2025’s Close:
1 – MRNA
2 – CRL
3 – TER
4 – ON
5 – ALB
6 – GPN
7 – MCHP
8 – SWK
9 – ZBRA
10 – SMCI
Highest Volume Rated S&P 500 Components Per 4/22/2025’s Close:
1 – NOC
2 – RTX
3 – GPN
4 – FSLR
5 – HAL
6 – PNR
7 – MAS
8 – IVZ
9 – CZR
10 – GE
Lowest Volume Rated S&P 500 Components Per 4/22/2025’s Close:
1 – APTV
2 – IP
3 – PPG
4 – JBL
5 – HSIC
6 – OXY
7 – DECK
8 – GIS
9 – AVGO
10 – DELL
Highest Technical Rated ETFs Per 4/22/2025’s Close:
1 – JNUG
2 – NUGT
3 – UVXY
4 – GDMN
5 – UGL
6 – VIXY
7 – AUMI
8 – SGDM
9 – LABD
10 – GOAU
Lowest Technical Rated ETFs Per 4/22/2025’s Close:
1 – SOXL
2 – MSOX
3 – ETHU
4 – ETHT
5 – AMDL
6 – SVIX
7 – NVDX
8 – NVDU
9 – TSLL
10 – HIBL
Highest Volume Rated ETFs Per 4/22/2025’s Close:
1 – SMBS
2 – SHPP
3 – SCMB
4 – PDN
5 – FNDC
6 – ITDJ
7 – FDIV
8 – HYSD
9 – GCAL
10 – CVSE
Lowest Volume Rated ETFs Per 4/22/2025’s Close:
1 – BBEM
2 – ACLO
3 – VABS
4 – OVT
5 – SLNZ
6 – XBB
7 – XHYD
8 – RGEF
9 – NVBU
10 – SBND
Highest Technical Rated General Stocks Per 4/22/2025’s Close:
1 – JNVR
2 – TOI
3 – NUTX
4 – ONXGF
5 – UPXI
6 – SALM
7 – RGC
8 – JZXN
9 – LBRMF
10 – OCG
Lowest Technical Rated General Stocks Per 4/22/2025’s Close:
1 – FMTO
2 – MULN
3 – AREB
4 – HEPA
5 – YHC
6 – WHLR
7 – RNAZ
8 – ACON
9 – KIDZ
10 – WLGS
Highest Volume Rated General Stocks Per 4/22/2025’s Close:
1 – OBLG
2 – SLG
3 – GELS
4 – WNW
5 – OBIO
6 – MAMA
7 – HOFV
8 – SUNE
9 – SXTC
10 – TIVC
Lowest Volume Rated General Stocks Per 4/22/2025’s Close:
1 – SRBIF
2 – PSYTF
3 – SCTSF
4 – SLRX
5 – RHHBF
6 – GRAF
7 – MBXBF
8 – BNPQF
9 – CRECF
10 – GTII
*** 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 33.82, 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 ***
