“ETFs Trading Map” for March 8, 2010: “…Major indices ETFs: last week we said that: “with the exception of SPY, the major indices ETFs are currently in bullish trend. They’re also closer to oversold than overbought levels. This is another near-term plus for the bulls. So we should expect at least another attempt to rally this week.” As expected, market rallied last week with the small-cap (IWM) ending at a new bull-market high, up more than 6% for the week. This is bullish and should continue to provide foundation for further advance. but given both of last week’s winners (IWM and QQQQ) are now at or very close to extreme overbought levels, the risk/reward ratio is….” Recent setups (long QQQQ, IWM and DIA) continue to do well, up 2 to 8 percents. As usual, we’ve rolled up the stops to protect profit. Subscribers, please login to read more.
Articles tagged with: sector rotation
“ETFs Trading Map” for March 1, 2010: “…Commodities ETFs: last week we said that: “GLD continues to consolidate around minor support at 108.44 and that creates a landscape that is ripe for dramatic moves in either direction.” As anticipated, GLD sold off badly at the beginning of last week though the yellow metal managed to recover all of the early losses and closed higher for the week….” Recent setup - long QQQQ continues to do well, up more than 4% so far. As usual, we’ve rolled up the stop to protect profit. There are also 2 new setups for the next trading session. Subscribers, please login to read more.
“ETFs Trading Map” for February 22, 2010: “…Major indices ETFs: last week we said that: “short-term trend for QQQQ turned positive. This is a short-term bullish development and should continue provide foundation for further advance.” As anticipated, market added on to recent strong gain. It’s worth noticing that the major indices are now…” Recent setup - long QQQQ continues to do well, up nearly 5% in just 2 weeks. As usual, we’ve rolled up the stop to protect profit. Subscribers, please login to read more.
“ETFs Trading Map” for February 16, 2010: “…Major indices ETFs: last week we said that: “the major indices ETFs are now extremely oversold following recent decline – a situation that often precedes a short-term meaningful oversold rebound. Of these oversold ETFs, QQQQ is the only one that’s currently in a bullish trend so we should expect the strongest rebound in this space.” As anticipated, the Qs outperformed the broader market in last week rebound, up 1.8% whereas the SPY up 1.3%. The short-term trend for the Qs…” Subscribers, please login to read more.
“ETFs Trading Map” for February 8, 2010: “…Major Sector ETFs: last week we said that: “with the exception of XLV, the major sector ETFs are now short-term oversold, or nearly oversold. Of these oversold sectors, XLF, XLI, XLP and XLY remain in short-term neutral trend, so we should expect these names outperform the market in coming days.” As anticipated, XLY and XLI outperformed the market last week, down about 0.6% whereas the benchmark SPY lost 0.7%. Despite last Friday’s impressive rebound, the major sectors ETFs still …” Subscribers, please login to read more.

