Market Insight

Index & Sector ETF Signals - 7/20/2018 Update

TrendFlex signals for select index and sector SPDR ETF's below are based on a trend-following system filtered to identify the "risk" to a change in the trend. ETF's represent US and foreign equities, commodities, bonds and the US Dollar.

Major Index ETF's 

Symbol 

     Trend

Trend Change Risk 

Observations and Rationale
 SPY

 Bullish 

Hi

Increased risk of pullback at resistance near record high

 DBA Bearish  Med Forming a higher low; deadcat bounce on Friday 
 GLD Bearish Med Downtrend continues; rising US dollar a factor
 VGK Bullish   Low Consolidating in an uptrend; possible breakout near
 UUP Bullish Med Rising rates positive
 TLT Bullish   Med Trading range as rates fluctuate
EEM Bullish   Med Consolidating gains; watch for potential shift to downtrend if breaks 40

ETF Technical Leaders

The following table represents ETF's that are in bullish trends and represent technically attractive reward-to-risk entry points (for example, we will shy away from adding an overbought ETF). Although these ETF selections have been pre-screened, investors are advised to pursue their own research to determine whether they are appropriate for their portfolios. Selections are time-sensitive and represent short-term swing trading opportunities that may or may not follow-through on a longer-term basis. In addition, selections may be voided once a market trend change has occurred based on the TrendFlex signals. Visit our FAQ's  for more suggestions regarding ETF Zone. Check back frequently as additional ETF's may be added to the week's list. 

Symbol Rationale Close Date Added
DEM Emerging markets dividend ETF consolidating recent gains; near 50-day MOV; 3.85% yield 43.66 7/20/18
XBI SPDR Biotech ETF bounces at support after modest correction 82.28 12/7/17
PFF Long basing pattern; closed above 50-day moving avg; 5.97% yield 38.13 11/18/17
RSX Basing at 50-day moving average; attractive entry 20.49 8/24/17
EWI iShares Italy ETF inexpensive and possible long-term bottom formed 22.13 12/02/16
XLY Retracement from recent gains; attractive entry point 81.44 12/02/16 
XLV  Post-election catch-up;  nearing positive moving avg. cross (50 over 200 day)  70.49 11/11/16 
TrendFlex Score & TrendFlex Signals for 7/20/2018
TrendFlex Score & TrendFlex Signals for 7/13/2018

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