Index & Sector ETF Signals - 9/22/2017 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 Increased risk of pullback
 SPY  Bullish Hi

 Increased risk of pullback

 QQQ Bullish Med Tradding range; attractive entry
 IWM Bullish Med New high; overbought
 DBA Bearish Low Way oversold; can't seem to find a bottom
 GLD Bullish Low Attractive contrarian position; attractive entry point
 VGK Bullish Low Working toward new high
 UUP Bearish High Looking for a bounce
 TLT Bullish Med Attractive entry point
EEM Bullish Med Overbought


 Sector SPDR ETF's

 Symbol  Trend

Trend Change Risk

Notes
XLK Bullish Hi Overbought
XLU Bullish Low Attractive entry
XLI  Bullish Hi Increased risk of pullback
XLB Bullish Med Attractive entry
XLV  Bullish Med Attractive entry
XLE Bullish Low New uptrend; may see trading range
XLP  Bullish Hi Threatening support
XLY Bullish Med Attractive entry
XLF  Bullish Hi Overbought


 

 

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
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 9/22/2017
LQD Gap Extreme Is Growing

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