SPDRs Report

Good Morning. This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for November 16, 2018.

Below, daily, weekly and monthly technical overviews and analysis for major indices, key sectors, commodities ETFs. This information is a comprehensive summary derived from our proprietary trading system.

Major Indices ETFs:

  • SPDR Dow Jones Industrial Average ETF (DIA) – tracks the Dow Jones Industrial Average.
  • SPDR S&P 500 ETF Trust (SPY) – tracks the S&P 500 Index.
  • Invesco QQQ Trust (QQQ) – tracks the tech-heavy Nasdaq-100 Index.
  • iShares Russell 2000 ETF (IWM) – tracks the Russell 2000 Index.

Chart 1.1 Major indices ETFs (Daily)

Chart 1.2 Major indices ETFs (Weekly)

Chart 1.3 Major indices ETFs (Monthly)

Sectors, Commodities, Currencies ETFs:

Capital Essence’s SPRDs Report Explanation:

Signal (daily, weekly and monthly): each ETF is rated base on our in-house algorithm and proprietary trend indicator. Trade in the direction of the trend. That’s said, if the signal is “Sell or Weak Sell”, trade on the short side. If the trend is “Buy or Weak Buy”, trade on the buy side. If the trend is “Neutral”, it’s best to buy when it’s oversold and sell when it’s overbought or simply stay on the sideline.

 

Thanks and good trading!