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Thursday, May 28, 2020 6:35:20 PM
may 28
ETFs Ranked by StochClose
The image below shows the top 28 ETFs (ranked by StochClose). I chose 28 to include SPY because its StochClose value is above 60, which implies an uptrend. The top 20 ETFs are still dominated by bonds, tech, healthcare and gold. There were big improvements in the Consumer Discretionary SPDR (XLY), Home Construction ETF (ITB) and Retail SPDR (XRT) this past week as their StochClose values exceeded 60.
SPY and StochClose
The next chart shows SPY with StochClose moving above 60 for the first time since late February. Shading turns green with a cross above 60 and red with a cross below 40. This is a trend-following indicator that will never catch the exact top or bottom and whipsaws are possible. For now, the indicator is bullish for the most important broad market ETF (IMHO).
ETFs Ranked by StochClose
The image below shows the top 28 ETFs (ranked by StochClose). I chose 28 to include SPY because its StochClose value is above 60, which implies an uptrend. The top 20 ETFs are still dominated by bonds, tech, healthcare and gold. There were big improvements in the Consumer Discretionary SPDR (XLY), Home Construction ETF (ITB) and Retail SPDR (XRT) this past week as their StochClose values exceeded 60.
SPY and StochClose
The next chart shows SPY with StochClose moving above 60 for the first time since late February. Shading turns green with a cross above 60 and red with a cross below 40. This is a trend-following indicator that will never catch the exact top or bottom and whipsaws are possible. For now, the indicator is bullish for the most important broad market ETF (IMHO).
TRADES ART HILL 2/25/2020 BEARISH 3/9
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