Index & ETF Signals

Market risk assessment tools and tactical investment opportunities driven by curated financial insight

      EEM and GDX continue to struggle. TLT remains in a downtrend however continues to work on forming a bottom at 117-118 support levels. Uptrends remain in major stock indices.

 

ETF Today Week Ending 6/12/15 Comments
SPY Uptrend Uptrend Mild retracement from new high
DIA Uptrend Uptrend Mild retracement from new high
QQQ Uptrend Uptrend QQQ consolidates recent gains
IWM Uptrend Uptrend IWM uptrend continues; small caps outperforming
VGK Uptrend Uptrend  European stocks firm
EEM Neutral Uptrend Emerging markets remain neutral 
GDX Neutral Neutral GDX continues neutral as it works on a base
TLT Downtrend Downtrend TLT may be forming a short-term bottom

      EEM, GDX and TLT continue to struggle. Uptrends remain in major stock indices despite recent weakness.

 

ETF Today Week Ending 5/29/15 Comments
SPY Uptrend Uptrend Mild retracement from new high
DIA Uptrend Uptrend Mild retracement from new high
QQQ Uptrend Uptrend QQQ consolidates recent gains
IWM Uptrend Uptrend IWM uptrend continues; small caps outperforming
VGK Uptrend Uptrend  European stocks firm
EEM Neutral Uptrend Emerging markets remain neutral 
GDX Neutral Neutral GDX continues neutral as it works on a base
TLT Downtrend Downtrend TLT may be forming a short-term bottom

      EEM, GDX and TLT continue to struggle. Uptrends remain in major stock indices despite recent weakness.

 

ETF Today Week Ending 5/29/15 Comments
SPY Uptrend Uptrend Mild retracement from new high
DIA Uptrend Uptrend Mild retracement from new high
QQQ Uptrend Uptrend QQQ pushes toward new high
IWM Uptrend Uptrend IWM uptrend continues
VGK Uptrend Uptrend  European stocks consolidate recent gains
EEM Neutral Uptrend Emerging markets remain neutral 
GDX Neutral Neutral GDX turns neutral as it works on a base
TLT Downtrend Downtrend Mild retracement of downtrend offset with a new decline

EEM oulls back 3.8% this week, turning neutral.      

ETF Today Week Ending 5/22/15 Comments
SPY Uptrend Uptrend Mild pullback from new high
DIA Uptrend Uptrend Mild pullback from new high
QQQ Uptrend Uptrend QQQ pushes toward new high
IWM Uptrend Uptrend IWM uptrend continues
VGK Uptrend Uptrend  European stocks consolidate recent gains
EEM Neutral Uptrend Emerging markets turn neutral 
GDX Neutral Neutral GDX working on a resumption of uptrend
TLT Downtrend Downtrend Mild retracement of downtrend with weak bounce

No changes to the ETF signals this week.  TLT (and LQD, not listed here), look poised to bounce.     

ETF Today Week Ending 5/15/15 Comments
SPY Uptrend Uptrend Near new high
DIA Uptrend Uptrend Near new High
QQQ Uptrend Uptrend QQQ pushes toward new high
IWM Uptrend Uptrend IWM uptrend continues
VGK Uptrend Uptrend  European stocks continue their uptrend
EEM Uptrend Uptrend Emerging markets show a convincing breakout; resistance at 45
GDX Neutral Neutral GDX working on a resumption of uptrend
TLT Downtrend Downtrend Weak bounce does not make for a new uptrend; opportunists may trade a bounce at this stage, as TLT is oversold.

IWM (iShares Russell 2000) shifted to an uptrend thsi week. GDX appears on the verge of an uptrend. TLT bounced on Friday but remains in a downtrend.    

ETF Today Week Ending 5/08/15 Comments
SPY Uptrend Uptrend New high
DIA Uptrend Uptrend New High
QQQ Uptrend Uptrend QQQ pushes toward new high
IWM Uptrend Downtrend IWM bounces off support and establishes a new uptrend 
VGK Uptrend Uptrend  European stocks continue their uptrend
EEM Uptrend Uptrend Emerging markets show a convincing breakout; resistance at 45
GDX Neutral Downtrend GDX working on a resumption of uptrend
TLT Downtrend Downtrend Weak bounce does not make for a new uptrend

IWM (iShares Russell 2000) managed to bounce from its recent selloff, albeit on lighter volume. took a notable hit this week as price action closed below trendline support on higher volume. GDX continues its fits and starts, unable to establish an uptrend.  TLT bounced on Friday but has entered a downtrend.    

ETF Today Week Ending 5/01/15 Comments
SPY Uptrend Uptrend SPY retraces recent gains
DIA Uptrend Uptrend DIA resumes its trading range
QQQ Uptrend Uptrend QQQ retraces recent gains
IWM Downtrend Uptrend IWM sharply reverses, breaking trendline support 
VGK Uptrend Uptrend  European stocks continue their new uptrend
EEM Uptrend Uptrend Emerging markets show a convincing breakout; resistance at 45.
GDX Downtrend Downtrend Still working at bottoming action; tough resistance at 20.
TLT Downtrend Neutral TLT gaps lower; closed below 50-day moving average on 4/22.

IWM (iShares Russell 2000) took a notable hit this week as price action closed below trendline support on higher volume.  This has caused our overall market sentiment to shift to short-term bearishness (as seen by the change in the TrendFlex Classic signal). GDX continues its fits and starts, unable to establish an uptrend.  TLT gapped down and remains in a trading range.    

ETF Today Week Ending 4/24/15 Comments
SPY Uptrend Uptrend SPY retraces recent gains
DIA Uptrend Uptrend DIA resumes its trading range
QQQ Uptrend Uptrend QQQ retraces recent gains
IWM Downtrend Uptrend IWM sharply reverses, breaking trendline support 
VGK Uptrend Uptrend  European stocks continue their new uptrend
EEM Uptrend Uptrend Emerging markets show a convincing breakout; resistance at 45.
GDX Downtrend Downtrend Still working at bottoming action; tough resistance at 20.
TLT Neutral Neutral TLT gaps lower; closed below 50-day moving average on 4/22.

The major equity index ETF signals remain bullish.  GDX continues its fits and starts, unable to establish an uptrend.  TLT looks weak as it pursues its trading range.   

ETF Today Week Ending 4/17/15 Comments
SPY Uptrend Uptrend SPY reaches a new high
DIA Uptrend Uptrend DIA continues toward a new high
QQQ Uptrend Uptrend QQQ continues to push toward a new high
IWM Uptrend Uptrend IWM pushes toward a new high
VGK Uptrend Uptrend  European stocks continue thei new uptrend
EEM Uptrend Uptrend Emerging markets show a convinging breakout; resistance at 45.
GDX Downtrend Downtrend Still working at bottoming action; tough resistance at 20.
TLT Neutral Neutral Trading range activity lately; closed below 50-day moving average on 4/22.

The major equity index ETF signals remain unchanged. 

 

ETF Today Week Ending 4/10/15 Comments
SPY Uptrend Uptrend SPY pushes toward a new high
DIA Uptrend Uptrend DIA continues toward a new high
QQQ Uptrend Uptrend QQQ continues higher; less convincing uptrend
IWM Uptrend Uptrend IWM pushes toward a new high
VGK Uptrend Uptrend  European stocks display a more convinging uptrend
EEM Uptrend Neutral Emerging markets show a convinging breakout; resistance at 45.
GDX Downtrend Downtrend Still working at bottoming action; tough resistance at 20.
TLT Neutral Neutral Trading range activity lately; closed below 50-day moving average on 4/22.