A Weekly Review of Major Market ETFs
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 | 337.08 | 1.87 | Positive | Sell | O | 2.66 | 323.38 | -1W |
| EEM | iShares MSCI Emerging Markets ETF | 40.58 | 2.30 | Positive | Sell | X | 3.48 | 39.09 | -1W |
| EFA | iShares MSCI EAFE ETF | 70.98 | 2.47 | Positive | Sell | X | 4.30 | 64.48 | +4W |
| FM | iShares MSCI Frontier and Select EM ETF | 25.71 | 2.62 | Positive | Sell | O | 1.84 | 26.69 | -1W |
| IJH | iShares S&P MidCap 400 Index Fund | 262.44 | 1.54 | Positive | Sell | X | 4.36 | 243.63 | +4W |
| IJR | iShares S&P SmallCap 600 Index Fund | 103.39 | 1.29 | Positive | Sell | O | 3.32 | 97.34 | +4W |
| QQQ | Invesco QQQ Trust | 301.68 | 0.72 | Positive | Sell | O | 2.68 | 290.92 | +4W |
| RSP | Invesco S&P 500 Equal Weight ETF | 150.50 | 1.69 | Positive | Buy | X | 5.31 | 142.12 | +4W |
| SPY | SPDR S&P 500 ETF Trust | 407.09 | 1.56 | Positive | Sell | O | 2.70 | 393.61 | +4W |
| XLG | Invesco S&P 500 Top 50 ETF | 299.15 | 1.25 | Positive | Sell | O | 2.52 | 293.78 | +4W |
Additional Comments:
The SPDR Dow Jones Industrial Average ETF Trust DIA remains unchanged this week, sitting in a column of O’s at a price of $330. The fund has a current score of 2.66 with a negative score direction of -0.66, and it now scores below the average US score of 3.26. DIA remains in a positive trend at current levels. Support is offered at $290 on the default chart, the September 2022 chart low, with overhead resistance at $345.
The iShares MSCI Emerging Markets ETF EEM remains in a column of Os this week and is sitting at a price of $40. EEM is trading on three consecutive buy signals and in a positive trend to start the year. Support is now seen at a price of $38.00, the December lows.
The iShares MSCI EAFE ETF EFA sits in a column of X’s this week at an unchanged price of $72.00. The fund remains in a positive trend at current levels and now sits at more actionable territory with a weekly OBOS reading of 56%. The fund now showcases a strong 4.30 fund score, outpacing the average non-US score of 3.21. Support is offered at $55 on the default chart.
The iShares MSCI Frontier and Select EM ETF FM reversed down into a column of O’s this week, its first chart action since mid-January. The fund has a weak score of 1.84 but is paired with a positive 0.40 score direction. FM is now seen at a price of $25.50. Support is seen below at $23.50, lows for 2022.
The iShares S&P MidCap 400 Index Fund IJH remains in a column of X’s this week, trading on a buy signal and in a positive trend. The fund has a current fund score of 4.36, above the average US score of 3.26. Support can be found at $240 on the default chart, the December 2022 lows.
The iShares S&P SmallCap 600 Index Fund IJR rests in a column of X’s and sits at an unchanged price of $108. The fund showcases an acceptable 3.32 fund score after breaking a string of 2 consecutive sell signals and breaking back into a positive trend with recent action. Support is offered at $98 on the default trend chart with overhead resistance at $110, the March 2022 highs.
The Invesco QQQ Trust QQQ remains in a column of X’s this week, sitting at a price of $310. QQQ moved to a positive trend earlier this month but still has an unacceptable fund score of 2.68. The current fund score is lower than the average US fund (3.26), and the fund holds a now positive 1.39 score direction. Initial support is offered at $260.
The Invesco S&P 500 Equal Weight ETF RSP remains in a column of X’s this week, sitting at a price of $154, having returned to a buy signal at breaking a triple top at $152 earlier this month. RSP holds a positive 1.48 score direction and has a fund score of 5.31. This beats the average S&P 500 Index fund score of 3.59 and remains the highest score of the funds in this report. Support is seen at $140 on the default chart.
The SPDR S&P 500 ETF Trust SPY remains in a column of X’s this week, the fund recently returned to a buy signal after breaking a triple top at $415. The fund has a 2.70 score posting which is below the average S&P 500 Index fund score of 3.59. Support is seen at $375 on the default chart, December 2022 lows.
The Invesco S&P 500 Top 50 ETF XLG remains on a string of two consecutive buy signals this week, sitting at a price of $305. XLG now has a 2.52 fund score with a now positive score direction of 0.92. XLG still scores below the average US Fund (3.26). Support is seen at $275 on the default chart.
