Portfolio View - Major Market ETFs
| Symbol | Name | Price | Yield | PnF Trend | RS Signal | RS Col. | Fund Score | 200 Day MA | Weekly Mom |
|---|---|---|---|---|---|---|---|---|---|
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 310.36 | 1.94 | Positive | Sell | O | 2.26 | 335.18 | -3W |
| EEM | iShares MSCI Emerging Markets ETF | 38.14 | 2.76 | Negative | Sell | O | 0.38 | 43.75 | -2W |
| EFA | iShares MSCI EAFE ETF | 60.77 | 4.88 | Negative | Sell | O | 0.45 | 70.02 | -3W |
| FM | iShares MSCI Frontier and Select EM ETF | 26.60 | 3.01 | Positive | Sell | O | 1.90 | 30.91 | -1W |
| IJH | iShares S&P MidCap 400 Index Fund | 241.54 | 1.47 | Negative | Sell | X | 3.58 | 255.58 | -3W |
| IJR | iShares S&P SmallCap 600 Index Fund | 94.62 | 1.76 | Positive | Sell | O | 2.41 | 103.30 | -3W |
| QQQ | Invesco QQQ Trust | 291.10 | 0.62 | Negative | Sell | O | 1.76 | 332.71 | -3W |
| RSP | Invesco S&P 500 Equal Weight ETF | 140.15 | 1.68 | Positive | O | 4.70 | 149.78 | -3W | |
| SPY | SPDR S&P 500 ETF Trust | 390.12 | 1.52 | Positive | Sell | O | 2.38 | 425.19 | -3W |
| XLG | Invesco S&P 500 Top 50 ETF | 292.14 | 1.17 | Positive | Sell | O | 2.11 | 326.12 | -3W |
Additional Comments:
The SPDR Dow Jones Industrial Average ETF Trust DIA remains on the buy signal printed a month ago and moved lower this week to a price of $310. The fund has a current score of 2.26 with a negative score direction yet barely remains in a positive trend. The fund scores below the average US score of 2.76. Support is offered at $300, with further support shown at $265 from October 2020.
The iShares MSCI Emerging Markets ETF EEM gave its ninth consecutive sell signal this week and is at a current price of $38. The fund has a very weak score at 0.38 with a -1.43 score direction and remains firmly in a negative trend. EEM is also beneath the average non-US score of 1.47. The overall technical picture for EEM remains negative. Support is seen at $35.50 on the default chart.
The iShares MSCI EAFE ETF EFA reversed up this week into a column of X’s to a current price of $63.00. The fund has a weak score of 0.45 which is below the average non-US equity fund of 1.47 and is paired with a -1.34 score direction. The fund remains in a negative trend and on a second consecutive sell signal. Support is offered at $60 on the default chart.
The iShares MSCI Frontier and Select EM ETF FM reversed down this week to a current price of $26.50. The fund has a weak score of 1.90 and is paired with a -1.73 score direction. The technical picture is negative, following other international equity funds lower. The fund is seen at support on the default chart at $26.50
The iShares S&P MidCap 400 Index Fund IJH remains in a column of O’s failing to test its bearish resistance line from last month. The price remains unchanged, sitting at $240. IJH has a current fund score of 3.58, which is above the average US score of 2.76. The reversal back into O’s brings the fund back into the middle of its 10-week trading band. Support can be found at $220 on the default chart.
The iShares S&P SmallCap 600 Index Fund IJR reversed down into a column of O’s this week to give a sell signal and is at a current price of $93. IJR remains under the 3.0 score threshold at 2.41 but does have a .76 positive score direction. Initial support is offered at $90 and further support is offered at $89.
The Invesco QQQ Trust QQQ moved lower this week to give a sell signal and is at a current price of $290. With this week’s movement, the fund violated its bullish support line. The recent 1.76 fund score is lower than the average US fund (2.76), and the fund holds a negative 2.29 score direction. QQQ initial support is offered at $280 and further support at $270 on the default chart.
The Invesco S&P 500 Equal Weight ETF RSP reversed down this week giving a sell signal and testing its bullish support line. The fund is at a current price of $138 and still holds a positive score direction of 1.01, paired with a fund score of 4.70. This beats the average S&P 500 Index fund score of 3.31 and remains the highest score of funds in this report. The fund remains at support, its bullish support line, yet further support is offered at $132 on the default chart.
The SPDR S&P 500 ETF Trust SPY reversed down into O’s with this week's action to a price of $385, violating its bullish support line and giving a sell signal. SPY has a 2.38 score posting yet a positive score direction of 0.67. Initial support is offered at $375 and further support is offered at $365 on the default chart.
The Invesco S&P 500 Top 50 ETF XLG remains in a column of O’s this week and currently sits at a price of $290. XLG has a 2.11 fund score and a negative score direction of -2.15. Like the other large-cap domestic equity funds, this mega-cap representative saw its technical picture weaken over the past several months, and while the return to a buy signal in August is a positive sign, further confirmation is needed before signaling a return to a more positive technical picture. Initial support is offered at $280 and further support at $250 from October 2020.
