Index & Sector ETF Signals - 3/17/2017 Update

TrendFlex signals for the major 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. 

Major Index ETF's 

 Symbol  Trend

Trend Change Risk

Notes
 DIA Bullish Hi Overbought; consider entry near 205
 SPY  Bullish Hi

 Overbought; long entry near 225

 QQQ Bullish Hi Overbought; entry near 128
 IWM Bullish Med Look for entry near 133
 DBA Bearish Med Setback from forming from long term bottom
 GLD Bullish Hi Settling back from resistance; attractive entry
 VGK Bullish Low Positive momentum; firm uptrend; nice value
 UUP Bullish Med Trading range but looking healthy
 TLT Bearish Med Support near 116.
EEM Bullish Low Attractive entry at 36.50


 Sector SPDR ETF's

 Symbol  Trend

Trend Change Risk

Notes
XLK Bullish Hi Overbought
XLU Bullish Med Backed off resistance at 51; possible trading range
XLI  Bullish Hi Overbought
XLB Bullish Low Strong bullish trend forming; attractive entry
XLV  Bullish Med Nice breakout; firm uptrend; breaking resistance 
XLE Bullish Low Attractive entry following consolidation 
XLP  Bullish Med Nice rally; resumption of uptrend; a bit overbought
XLY Bullish Med Bullish breakout; 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
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 

 

Allocation Strategy is updated on a bi-weekly basis, and takes a longer-term view consistent with the TrendFlex Allegiance system. Allocations are based on a blend of macro-economic trends and technical analysis, and incorporate the insight of our Thought Leaders as expressed on the Baseline Analytics website, and our ETF Signals analysis.  Portfolio allocation corresponds to an investor profile of moderate risk and a 20-year investment horizon.  Updates to Asset Allocation may be issued more frequently depending on market conditions.

Asset Allocation Strategy - 2/24/2017   

Instrument 

Underweight

Neutral

Overweight

Equities            
Fixed Income            ♦       
Alternatives         
Cash          

Equities

Style

Large Caps      
   
Mid Caps          
Small Caps         ♦    

Sector

Staples           
Discretionary           
Technology          
Utilities    
     
Industrials          
Healthcare      
   
Materials        
Financials          
Energy      
   
Regions     
US          
Eurozone          
China    
     
India          
Japan          
Emerging Asia          
EMEA          
Latin America          

Fixed Income

Investment Grade          
High Yield          
Developed Market          
Emerging Market          
Treasuries          
TIPS          
Municipal          

Alternatives

Commodities          
Absolute Return        
REITS      
Convertible Bonds      
TrendFlex Score & TrendFlex Signals for 3/17/2017
TrendFlex Score & TrendFlex Signals for 3/10/2017

Related Posts