Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (64003)	6/18/2025 2:48:02 AM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 68115

Index Update June 17 2025 Markets open up in a relief rally as the Iran - Israel situation looked contained, but the Trump administration open the door to entering the conflict which tanked the mark at 1 PM EST. Fed interest rate setting is tomorrow, so most moves were contained for now. SP500 seeing some volatility but still staying above the 20 day SMA. So far it is not breaking down, but watch what happens in the next few days. The DOW testing the 200 day SMA but still still holding it for now. Watch to see if it breaks and closes below the 200 day SMA which will have traders re-considering their positive bias. The DOW transports are now below the 20 day EMA and 200 day SMA, so showing some weakness and calling the relative strength in the DOW in doubt. DOW utilities breaking the 20 day EMA and it is now below the first support level. The first sign of weakness ahead of the Fed meeting to set rates. Potential high long bond rates being priced in. Interestingly a divergence with the DOW utilities with the TLT. TLT has not broken the 20 day EMA and closed right at the 50 day SMA. There is a potential trend change to lower long bond rates. It is not confirmed yet though so wait for the confirmation. USD setting a lower high. It is still on the defensive. COMPQ still holding near the 52 week high. Watch to see if it starts to break down. Russell 2000 still in a waiting pattern with a negative long term bias. Financials breaking the first support zone below the 52 week high. So far it is waiting after the break. Traders are waiting for the Fed. Energy now at the middle of the long term sideways channel. It has come too far too fast, so some profit taking is normally expected before a potential run to the top of the channel if the Middle East conflict continues. Gold only oscillating modestly. It looks like gold is not the safe haven this time around. It is technically overbought so trader may be nervous about its valuation. It looks like silver is the store of wealth of choice right now as it breaks to a new 52 week high and gaps up. Consumer discretionary now below the 20 day EMA showing some weakness. So far it is still above the 200 day SMA, which puts it in a hold pattern for now. xxxxxxxxxxxxxxxxxxxxxxxxxx