Index & Sector ETF Signals - 11/17/2017 Update

Note: Next update following the market close of 12/1/2107.

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 



Trend Change Risk 

Observations and Rationale



Increased risk of continued pullback

 DBA Bearish  Low Correction disrupts modest rally
 GLD Bullish Low Holding its 50-day moving avg; attractive contrarian position
 VGK Bullish   Hi Correcting from overbought state
 UUP Bearish High Correcting from recent rally; 50 day moving avg. resistance. Breakout above 24.80 sets bullish trend
 TLT Bullish   Med Attractive entry point; resistance near 128
EEM Bullish   Med Overbought; attractive entry near 45

Select Sector SPDR ETF's

 Symbol  Trend

Trend Change Risk

XLK Bullish Hi Overbought; attractive entry 61-62 
XLU Bullish Low Attractive entry
XLI  Bullish Hi Increased risk of pullback; suuport near 69
XLB Bullish Low Bounce off 50-day; attractive entry
XLV  Bullish Med Correcting; Attractive entry near 80
XLE Bullish Low Support at 67
XLP  Bullish Hi Overbought; attractive entrynear 54
XLY Bullish Hi Overbought
XLF  Bullish Med Attractive entry 

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
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 11/17/2017
TrendFlex CR Sell Signal Remains in Effect

Related Posts