Helping Self-Directed Investors Succeed Blog - ETF Technical Trends From a Macro Perspective

ETF Technical Trends From a Macro Perspective

May 11th, 2013

Equity Markets in the US are powering to new highs and it appears as though we aren't going to see any meaningful pullback. Nobody has sold in May yet and gone away.

From an asset allocation perspective, these are indeed very challenging times for investors.

We used a unique technical methodology to track a basket of 86 widely represented ETFS to identify where the positive trends are at this point in time: This is what our model is portraying:

Positive Trending Sectors

  • Industrials (XLI, EXI, IPN)
  • Transportation (XTN)
  • International Technology (IPK)
  • Consumer Discretionary (XLY, RXI, IPD)
  • Retail (XRT)
  • Clean Energy (ICLN)
  • Aerospace & Defense (XAR)
  • Financials (XLF, IXG, IPF)
  • Banking (KBE)
  • Insurance (KIE)
  • Home Builders (XHB)
  • Health Care (XLV, IXJ, IRY)

Positive Trending Economies

  • Japan (EWJ)
  • Europe & Far East (IEV, EFA)
  • Thailand (THD)
  • Phillipines (EPHE)

Most other sectors, bonds and precious metals are trending negatively as per our model.

Interestingly, our model at this time evaluates the S&P 500, and DIA to be in neutral state despite the heady runs these indexes have had.

Our goal is to be able to provide this technical assessment once a month for those technically oriented asset-allocation investors.

Good Luck and Happy Trading!

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