It’s a good day so far! Let’s keep an eye on EFA, the ETF dedicated to equities outside North America. It’s down over 1%, sure, but the important thing is that it’s on the cusp of a trendline failure.
MSCI Teetering
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
June ETF Highlights
I went through all twenty of the charts in my ETF watch list, and I’d like to share the most interesting ones below. In the caption area are my own brief remarks about them.
Bearish ETFs
As I mentioned in my previous post, it was surprisingly difficult to find bullish-looking patterns in the wonderful land of exchange traded funds. Bearish patterns were abundant, however. Below are a few.
Emerging markets has broken its ascending price channel and is sporting a very clean price gap.
Bullish ETFs
I’ll level with you: when I created the empty posts for ETFs, one for bullish and one for bearish, I figured I’d be drowning in bullish charts and might not find any bearish ones.
I have the opposite problem. Crazy as it sounds, practically every ETF is bearish (or at least neutral) whereas I was hard-pressed to find anything even remotely bullish. Indeed, there’s one and only one index ETF which I could, with a straight face, say it kinda-sort bullish if you squint your eyes just right.
Looking Closely at Key ETFs
I look at fifty-seven ETF charts every weekday, but here are the eight I think are most worth noting right now.
First up is the one for the Dow Industrials, which was effectively unchanged on Friday (in sharp contrast to everything else, which raged to lifetime highs). Key resistance right now is at Thursday’s high.
