Index & Sector ETF Signals - 10/27/2017 Update

No Update week ending 11/17/17

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

 DBA Bearish  Low Modest rally may be aging
 GLD Bullish Med Contrarian position, but range-bound with resistance at 130
 VGK Bullish   Low Increased risk of pullback
 UUP Bearish High Rallying; looking for trend breakout; resistance at 25-26
 TLT Bullish   Med Attractive entry point; resistance near 28
EEM Bullish   Med Overbought; attractive entry near 43


 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 10/27/2017
TrendFlex Score & TrendFlex Signals for 10/20/2017

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