Is the ‘Bear Market’ Already Over?

On December 24, 2018, the S&P 500 closed at 2,351.10. Much of the financial media pronounced a bear market that very day:

  • CNBC: We are Now in a Bear Market – December 24, 2018
  • Yahoo! Finance: S&P 500 Enters Bear Market: December 24, 2018
  • Investors Business Daily: S&P 500 Enters Bear Market – December 24, 2018
  • Motley Fool: Here’s Why the S&P 500 Plunged into a Bear Market – December 27, 2018

As the chart below shows, Google searches for ‘bear market’ also soared to an all-time high.

The entire bear market discussion is superfluous in my humble opinion. I explained why in the December 19 Profit Radar Report:

“‘Bull market’ and ‘bear market’ is a status like ‘online’ or ‘offline.’ Just because someone is offline today, doesn’t mean they can’t be online tomorrow. As any momentary snapshot status, the bull/bear market status is not predictive of future events.

In fact, statistically, most bear markets end after the S&P 500 declines 16%. The red graph below shows the average path of the past 10 bear markets (as defined by Ned Davis Research). The S&P has almost reached the maximum down side of the average bear market.”

Barron’s rates iSPYETF as “trader with a good track record” and Investor’s Business Daily says: “When Simon says, the market listens.” Find out why Barron’s and IBD endorse Simon Maierhofer’s Profit Radar Report.

Below is an updated version of the chart published in the December 19, PRR.

Even though the S&P overshot to the down side, and now to the up side, it is following the average bear market trajectory … if one considers this a bear market.

Also note how the S&P bounced from support shown in the first chart.

Is this Bear Market Already Over?

Breadth thrust says: Yes.

On December 26, and January 4, 87% and 90% of NYSE-traded stocks advanced. Since 1985, there have been 5 other times when >85% of NYSE-traded stocks advanced within a 2-week period. Those 5 times are listed below. To the right of each date is a thumbnail chart, which shows how the S&P 500 performed over the next 6 month.

  • In 1987, and 2016 the S&P retested the initial panic low.
  • In 2009 and 2011, the S&P took off to the up side.
  • The 2008 thrust was followed by a rally, but ultimately failed.

Divergences say: No.

Divergences, bullish or bearish, are a helpful forecasting tool. Why?

Prior to a major market turn, market internals tend to divergence from price. If there is no divergence, the odds of a major turn are lower.

For example: At the January 2018 top, the S&P 500 and RSI-35 peaked on the same day. The January 31, 2018 Profit Radar Report stated that: “There was no RSI-35 divergence at Friday’s high. This very likely means that Friday’s high will eventually be exceeded.”

That’s what happened. But, there was a bearish divergence at the September 2018 high, which means new highs are no longer guaranteed.

More importantly, there was no bullish divergence at the December low. This doesn’t mean stocks can’t reach new highs, but due to the bearish divergence at the September 2018 top and the lack of bullish divergence at the December 2018 bottom, the odds of new all-time highs are reduced.

Conflict

Unfortunately there is a conflict between two pretty reliable indicators/studies. The breadth thrust suggests new highs, while divergences (or lack thereof) suggest new lows.

Tie-breaker

The S&P reached the black trend channel, which has been my up side target. The channel has acted as support/resistance numerous times over the past year, and may do so again. A re-test of previously broken support has ‘last kiss good bye’ potential.

Unfortunately that matter is complicated by the fact that the popular 50-day SMA (blue line) coincides with the hand-crafted trend channel. The market likes to see-saw popular SMAs to fool the masses.

The 2-hour chart provides some more details: Yesterday, the S&P 500 broke above the gray trend channel (blue circle). While above that trend channel, trade may continue higher (note the potenial triangle outlined by the purple lines, or diagonal outlined by the blue lines).

However, the larger black trend channel near 2,625 may end this rally leg (perhaps with some see-saw, courtesy of the 50-day SMA). A break back below the gray trend channel should usher in a 100+ point correction, possibly even a re-test or break of the December low.

Continued updates are available via the Profit Radar Report.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s evaluation of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, 24.52% in 2015, 52.26% in 2016, and 23.39% in 2017.

Follow Simon on Twitter @iSPYETF or sign up for the FREE iSPYETF e-Newsletter to get actionable ETF trade ideas delivered for free.

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February Mini Meltdown: Warning Signal or Buying Opportunity

What caused the February meltdown? If you are looking for another strong opinion, sorry, you won’t find it here.

Before we address the more important issue – whether now is the time to buy or sell – here is one tell-tale sign (of what contributed to the ‘meltdown’) brought out by the January 29 Profit Radar Report.

On Friday, the S&P 500 jumped more than 1% to a new all-time high with less than 55% of stocks advancing, another one of those unusual events. The only other times this happened was once in 1987 and thrice in 1999. All four events were followed by minor 2-8% immediate corrections, and eventually big corrections and bear markets.”

Barron’s rates iSPYETF as “trader with a good track record” and Investor’s Business Daily says: “When Simon says, the market listens.” Find out why Barron’s and IBD endorse Simon Maierhofer’s Profit Radar Report.

The correction sure was immediate, and it didn’t stop at 2-8%.

Buy or Sell?

Since much of the recent market action happened overnight, we’ll first be looking at the S&P 500 futures chart, which includes overnight trading activity.

The February 5 and 6 Profit Radar Reports published the chart below and stated: “Based on the extremely oversold readings, a bounce is becoming highly likely. S&P 500 futures tested the 200-day SMA and 38.2% Fibonacci. From high to low, the S&P 500 futures lost 12.14%. This is already more than the 5-10% correction we anticipated and close to the 14.38% loss (on average based on the last 4 cycles) leading into the mid-term low (see 2018 S&P 500 Forecast).”

The S&P 500 cash index looks a little different, as the pullback was ‘only’ 9.74%.

Here is one reason why we expect eventual all-time highs: RSI-2 was overbought, which suggested risk, but RSI-35 confirmed the January 26 all-time high.

RSI-35 also confirmed the December 2016 and March 2017 highs. As we mentioned many times in recent years, stocks rarely ever carve out a major top at peek momentum.

Conclusion

This clearly is a market that plays by its own rules (the rules are: there are no rules). Nevertheless, nearly all our studies and indicators suggest a resumption of the bull market once this correction is over.

S&P 500 futures already met our down side target, the S&P 500 cash index not yet. Ideally we’ll see a test of the panic low with a bullish divergence for a higher probability buy signal.

Either way, we consider this a buy the dip market. Continued updates and trade recommendation are available via the Profit Radar Report.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

How Stocks Escaped from 3 ‘Unavoidable’ Bear Markets

This bull market has been counted out many times. Just over the past few years, stocks faced three – allegedly – unavoidable bear markets … and escaped all of them.

Here are the three ‘unavoidable’ bear markets, and why stocks escaped:

Unavoidable Rate Hike Bear Market

Starting in 2015, the Federal Reserve let it be known that interest rates will be rising.

According to the pros, rising rates would sink stocks. After all, that’s why the Fed kept them near zero for so long.

However, history simply doesn’t agree with this conclusion. The April 26, 2015 Profit Radar Report used the chart below to illustrated that rising rates are not bearish.

In fact, 9 of the 13 periods of falling rates (since 1954) saw stocks rally. That’s why the Profit Radar Report concluded that: “A rate hike disclosed at the April, June, July or even September or October FOMC meetings is unlikely to coincide with a major S&P 500 top.”

Barron’s rates iSPYETF as a “trader with a good track record.” Click here for Barron’s assessment of the Profit Radar Report.

Unavoidable Oil Slump Bear Market

Falling oil prices were the hot topic as prices dropped 50% from June – December 2014.

The general opinion was that falling oil prices would send stocks lower, like in 2008.

The December 14, 2014 Profit Radar Report ousted this bogus reasoning with the chart and commentary below:

This year’s oil price collapse differs from the 2008 collapse relative to the S&P 500. In 2008, the S&P 500 topped before oil did. In fact, the S&P 500 recorded its all-time high in October 2007 and was already down 21% by the time oil topped on July 11, 2008. In 2014, the S&P 500 recorded new all-time highs five months after oil started to decline.

The chart below plots oil against the S&P 500 and shows that falling oil prices are not consistently bearish for stocks. If history can be used as a guide, stocks are likely to hold up despite the oil meltdown.”

Unavoidable QE Bear Market

In 2008, the Federal Reserve unleashed it’s first round of Quantitative Easing (QE). A couple trillion dollars later, QE came to an end in October 2014.

Investors feared the withdrawal of QE would sink stocks (just like a junkie will crash without new fix).

The simplified logic (QE started this bull market, the end of QE will finish the bull market) seemed logical, but it wasn’t factual.

The October 5, 2015 Profit Radar Report plotted the QE money flow against the S&P 500 and concluded that: “We expect new bull market highs in 2015.”

Why?

The correlation between QE and stocks (at least in 2013/2014) did not support the notion of a bull market end. More importantly, our major market top indicator said the bull market is not over.

2016 Bear Market?

At the beginning of the year, when the S&P traded near 1,900, the media found countless of reasons why the bear market is finally here (many of them are listed here).

About six months and a 15% rally later, it’s obvious that the bull market is alive and well.

Short-term, the S&P has reached the lower end of our up side target range, so a pullback becomes more likely (more details here). However, any pullback should serve as a buying opportunity.

If you are looking for common sense, out-of-the-box analysis, check out the Profit Radar Report. It may just make you the best-informed investor you know.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Stock Market Melt-Up Alert?

The S&P 500 is at new all-time highs, so it may be appropriate to call to mind – and then discgard – all the bear market chatter of recent months.

Here is just a small selection of bear market headlines:

  • Barron’s: “Bracing for a Bear Market” – February 19, 2016
  • Forbes: “Investor Alert: We’re Firmly in a Bear Market” – January 25, 2016
  • MarketWatch: “If it Looks Like a Bear and Feels Like a Bear, it Probably is a Bear” – January 14, 2016
  • Benzinga: “The Bear Market is not Over Yet” – September 30, 2015
  • Forbes: “Here Comes the Recession and Bear Market” – January 6, 2016
  • Kiplinger: “Best Funds for Riding out a Bear Market” – September 15, 2016
  • Time: “The Next Bear Market Won’t Roar a Warning Just for You” – September 12, 2015
  • Motley Fool: “3 Timeless Tips for Surviving a Bear Market” – September 11, 2015
  • Investorplace: “Why the Bears will Keep Winning” – February 9, 2016

We never bought into the bear market idea.

The Profit Radar Report’s 2016 S&P 500 Forecast expected new all-time highs in 2016, as illustrated by this projection published at the beginning of the year.

Barron’s rates iSPYETF as a “trader with a good track record.” Click here for Barron’s assessment of the Profit Radar Report.

Double Kickoff

Our bullish outlook was confirmed by the February ‘Kickoff’ rally, which was discussed in this article: 2016 Bear Market Risk is Zero Based on this Rare but Consistent Pattern

The April 17 Profit Radar Report featured another liquidity study and a more detailed S&P 500 projection (see chart below) along with the following commentary: “The most likely longer-term implications of our liquidity study remain in harmony with our 2016 S&P 500 Forecast: New all-time highs.”

Another breadth thrust, or kickoff rally, launched in late June, two trading days after the Brexit vote (see chart below).

The post-Brexit kickoff rally sported three bullish developments:

  • Up volume surge
  • Advancing stocks surge
  • New NY Composite a/d highs

The July 4 Profit Radar Report included a detailed analysis of this triple breadth thrust and concluded: “The NY Composite a/d lines are already at new highs, although the S&P 500 is not yet. This, along with the breadth thrust, strongly suggests that the S&P will follow in the not so distant future.”

The ‘not so distant future’ became reality five trading days later.

Buoyed by the breadth thrust, the S&P 500 gained the escape velocity needed to break above the glass ceiling near 2,130, which now serves as initial support (horizontal green bar).

Stocks may pull back due to short-term overbought conditions, but with or without pullback, higher highs are likely. It’s a buy the dip market.

Continued updates are available via the Profit Radar Report.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

S&P 500 at Inflection Point – What’s Next?

Throughout January and February (but especially since going long on February 11), the Profit Radar Report has been harping about the ‘need’ for the open chart gap at 2,043.62 to be closed.

On March 2, for example, the Profit Radar Report stated that: “If the S&P can overcome 1,990, it will probably move on to close the open chart gap at 2,043 next.”

The gap was closed last Thursday. Will the S&P 500 push deeper into the resistance zone that starts at 2,040 (2,040 – 2,080), or will it relapse, or both?

Re-launch or Re-lapse? Volume

About a month ago, we looked at a different kind of trading volume analysis (horizontal instead of vertical). The horizontal columns below show trading volume for the S&P 500 futures, based on price (horizontal) not day (vertical).

This kind of horizontal volume analysis was introduced via the February 15 Profit Radar Report, which stated the following:

A lot of shares were exchanged right around the 1,900 level. Based on volume, this could be resistance, and if the 1,900 range is overcome it may get easier for price to moved towards 1,950 – 2,000.”

A hindsight look at the chart confirms that volume spikes or clusters acted as natural resistance zones, while volume vacuums (such as 1,935 – 1,995) resulted in quick ‘melt-ups.’

Last week, the S&P entered another volume vacuum, so slightly higher prices are possible before it hits the next volume spike resistance starting at 2,060 – 2,070.

Re-launch or Re-lapse? 2015 vs 2016

The chart below shows that the 2016 decline, double bottom and subsequent rally looks a lot like 2015, a parallel the Profit Radar Report has been pointing out since late January.

2015 – 2015 parallels:

  • The August 2015 mini meltdown left an open chart gap at 2,035.73, which we expected to get filled (just as the 2016 chart gap at 2,043.62). The 2015 gap was filled on October 20, the 2016 gap on March 17.
  • In 2016, the S&P 500 rallied after the January/February double bottom, in 2015 after the August/September double bottom.
  • In 2015, the S&P rallied 13% in 26 days. As of Friday, the S&P rallied 13% in 25 days.
  • In 2015 the S&P was 50 points above the 200-day SMA when it ran out of gas. Right now its about 30 points above the 200-day SMA.

If the parallel continues, this rally is ready for a breather.

Re-launch or Re-lapse? Liquidity

Following the 2015 August/September double bottom, the Profit Radar Report did a detailed liquidity analysis to assess the strength of the rally (free version of this study is available here: Is the Stock Market Running out of Buyers?). An updated version of this liquidity analysis (analyzing the rally from the February 2016 low), was published in the March 20, 2016 Profit Radar Report.

The conclusion? Market breadth (or liquidity) behind the rally off the September 29, 2015 low was the weakest in years and did not inspire confidence in sustainable gains. The early 2016 relapse was therefore no surprise.

Unlike the 2015 rebound (from the September low), the rebound from the February 2016 low has been much stronger. The February breadth thrust is discussed in detail here: 2016 Bear Market Risk is Zero Based on this Rare but Consistent Pattern

Re-launch or Re-lapse? All Things Considered

Indicators aside, down side risk today is obviously greater than it was at S&P 1,810. Chasing stocks after an 11% rally while approaching the upper end of an 18-month trading range doesn’t sound like a bright idea.

The February 28 Profit Radar Report stated that: “A move above 1,990 would unlock higher targets: 2,040 – 2,100.”

So, further up side is possible, but the risk/reward ratio is not attractive, because the odds of a pullback are elevated.

Nevertheless, a fair amount of indicators suggest that any pullback will only be temporary. How temporary?

Fortunately we don’t have to pinpoint the scope of an upcoming correction at this very moment. The market will likely provide enough tell-tale signs to either discern the down side target or the next likely turnaround.

Continued analysis is available via the Profit Radar Report.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

2016 Bear Market Risk is Zero Based on this Rare but Consistent Pattern

The following research is an excerpt from the February 21 Profit Radar Report:

After touching 1,810 on February 11, the S&P 500 rallied three consecutive days, each day gaining more than 1.5% (see chart). Historically, this can be considered a ‘kickoff’ rally. How so?

Since 1970, the S&P gained more than 1.5% three days in a row only eight other times.

Every single time, the S&P 500 traded higher a year later (average gain: 19.16%, calculated after the last day of the kickoff sequence). The table below lists all occurrences.

The charts below provide a snapshot of each time this happened. The dashed green line marks the kickoff move. For context, each chart includes 60 trading days (about 3 months) before the kickoff rally, and 255 trading days (above 1 year) after.

When viewed in isolation, the implications of the February kickoff are indisputably bullish. Here are a few more nuances:

  1. Like in 2016, the S&P 500 closed at a 52-week low just before the kickoff rally in 1970, 1987 (December), and 2011.
  2. Four of the nine kickoff moves occurred in October, emphasizing October’s reputation as bear market killer.
  3. The S&P 500 violated the low set prior to the kickoff move only twice (1987, 2002). This second lower low marked the end of the decline both times.

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Reconciling Indicators

This pattern of post-kickoff performance is particularly of interest, because it harmonizes with the outlook published in the February 10 Profit Radar Report, which expected: “A drop towards or just below 1,812, followed by a rally just above 1,950 and a ‘better bottom, likely below 1,800″. 

The February 10 Profit Radar Report visually illustrated this outlook via the solid yellow projection shown below. The solid yellow projection replaced the dashed yellow projection, initially published on January 24 (see here for more details).

The S&P dropped ‘just below 1,812’ the next day (1,810.1 on February 11), and rallied as high as 1,946 (the Profit Radar Report recommended to buy at S&P 1,828 or SPY 183 on February 11).

As the solid yellow projection shows, the S&P almost reached our 1,950+ target area, which increased the odds of a pullback. Although the yellow line projects new lows, the S&P’s refusal to budge much may indicate further strength without a major selloff (6 of the 8 kickoff rallies analyzed above did not break the prior low).

At this point, we will just have to wait and see how the S&P reacts. But regardless of what happens the next few days, the buy signal at 1,828 got us in early, and gives us the luxury to manage profits instead of worrying about missing a runaway rally.

With or without break below 1,810, purely based on the post-kickoff pattern, the remainder of the year looks overall bullish. Of course, the bullish kickoff rally is tempered by the fact that our major market top indicator went off in May 2015, which increased the risk of an upcoming bear market. More details on the major market top signal is available here.

A comprehensive analysis of all pertinent indicators (liquidity, sentiment, technicals, historic patterns, cycles & seasonality, Elliott Wave Theory, etc) along with a projection for the entire year is available via the 2016 S&P 500 Forecast (available to subscribers of the Profit Radar Report).

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

S&P 500 – New Highs or New Lows?

On September 29, the S&P 500 fell as low as 1,872. The following headlines popped up on the same day:

  • “We are in a bear market: Carter Worth” – CNBC
  • “Credit Suisse: There’s a growing treat of a major top in the S&P 500” – Bloomberg
  • “Despite rally, stocks won’t end higher in 2015: Blitzer” – CNBC
  • “Carl Icahn says would ‘keep cash’ given market risks” – CNBC

The S&P 500 soared 150 points since the September 29 low.

Based on our dashboard of indicators, we’ve been waiting for a buying opportunity.

The September 30 Profit Radar Report reconfirmed this outlook, and expressed our biggest concern:

The market has been tracking our projections very well, too well. I get suspicious when this happens. Since we are waiting for an eventual buying opportunity, our biggest concern is the market moving higher without us ‘on board.’ Key short-term resistance is 1,953.”

The October 4 Profit Radar Report pointed out: “If the S&P doesn’t turn around at 1,953, the odds increase for a push to 2,040+/-.”

2,040+/- is our bull/bear line in the sand. Trade above 2,040 could lead to new highs, while trade below 2,040 preserves the ideal scenario of new lows.

Why 2,040+/-?

2,040 was support for a 6-month trading range. This support is now resistance.

2,040 is the bottom of an important long-term trend line

There’s an open chart gap at 2,035. The September 13 Profit Radar Report wrote that: “There is an open chart gap at 2,035.73. I am almost certain this gap will be filled (either during a wave 4 bounce or the subsequent rally). Depending on when we get there, 2,040 is an obvious candidate for a setup. It may be too obvious and subject to some sort of whipsaw, but 2,040 is the resistance level to watch.”

Sustained trade above 2,030 could validate a W-bottom formation

As mentioned on September 13, 2,040 is a pretty obvious resistance level on the S&P chart, and therefore may be subject to whipsaw market action (if it’s too obvious, it’s obviously …?).

Because of the above-mentioned reason, the whole 2,040 region will be important, not just 2,040.

Furthermore, not just the price shown on the chart will matter, but also the market’s underlying condition. Is there hidden strength, or not? Is buying pressure overpowering selling, or is the advance anemic and susceptible to a relapse?

In other words, breath, strength and liquidity matter, and may give us clues that plain chart analysis won’t provide.

The Profit Radar Report monitors various breadth, strength and liquidity indicators to get a detailed look at what’s going on ‘under the hood.’

Buckle up. It’s gonna be a rocky ride.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013 and 17.59% in 2014.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.