Sunday, August 13, 2017

8/13/2017 index ETFs' update

SP500 ETF: SPY


  1. Both percent of stocks above 50 days MA (around 62) and 150 days MA (around 40) made comparable low in 2017, this weakness also indicate potential reversal anytime soon
  2. Both breadth (-184) and volume (-207) oscillators made comparable low in 2017, this weakness also indicate potential bottom formed soon. 
  3. The PMO signal is still sell (but it does not tell if it can reverse next day or 2)
  4. The equity put call ratio at 0.94: 2nd highest in 2017, 11/2016 pcr high is at 0.99.
  5. buyers entry: 243, 242
  6. sellers entry: 245.5, 246.5


Nasdaq 100 ETF: QQQ

  1. Breadth oscillator keeps inch down into ETF potential rebound range and volume oscillator waver to turn north
  2. Both percent of stocks above 50 days MA and 150 days MA made new low in 2017 and comparable low with last December, both oscillators rebound a little last Friday
  3. buy entry: 141
  4. sellers entry: 143
SPDR Dow Jones Industrial Average ETF: DIA

  1. both breadth and volume oscillators keep moving down and made comparable low in 2017
  2. the buyers should hold fire or buy with caution
  3. no suggestion for short though 
Russell 2000 ETF: IWM

  1. both breadth and volume oscillators keep moving down and made comparable low in 2017
  2. Both percent of stocks above 50 days MA and 10 days MA  made comparable low in 2017, this weakness also indicate potential reversal anytime soon
  3. buy entry:  136
  4. sell entry:  139
Note: my personal opinion is not for investment purpose, but for education and illustration.  

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