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 | 373.33 | 1.87 | Positive | Sell | X | 4.24 | 340.67 | +7W |
| EEM | iShares MSCI Emerging Markets ETF | 40.22 | 2.26 | Negative | Sell | X | 2.97 | 39.07 | +7W |
| EFA | iShares MSCI EAFE ETF | 75.07 | 2.18 | Positive | Sell | X | 3.72 | 71.22 | +7W |
| FM | iShares Frontier and Select EM ETF | 26.76 | 1.93 | Positive | Sell | X | 2.98 | 26.00 | +6W |
| IJH | iShares S&P MidCap 400 Index Fund | 276.86 | 1.53 | Positive | Sell | X | 3.84 | 252.76 | +6W |
| IJR | iShares S&P SmallCap 600 Index Fund | 107.08 | 1.61 | Positive | Sell | O | 3.04 | 96.55 | +7W |
| QQQ | Invesco QQQ Trust | 403.39 | 0.56 | Positive | Buy | X | 5.73 | 353.71 | +7W |
| RSP | Invesco S&P 500 Equal Weight ETF | 157.53 | 1.72 | Positive | Buy | O | 3.79 | 145.23 | +7W |
| SPY | SPDR S&P 500 ETF Trust | 472.01 | 1.43 | Positive | Sell | X | 4.37 | 430.42 | +7W |
| XLG | Invesco S&P 500 Top 50 ETF | 37.27 | 1.02 | Positive | Buy | X | 5.46 | 33.80 | +7W |
Additional Comments:
The SPDR Dow Jones Industrial Average ETF Trust DIA remains in a column of X’s this week and rallied to a new all-time high at $370. This action brings DIA to its most overbought level since January 2018. The 4.24 fund score is above the average US score of 3.60. Support is now offered at $325 and $315, while the bullish support line lies at $310.
The iShares MSCI Emerging Markets ETF EEM remains in a column of X’s this week, moving up to the $40 level on the chart. EEM now scores just below the acceptable 3.0 threshold with a score posting of 2.97 but keep an eye on the US Dollar for further impacts on the international stage. The fund has support on its default chart at $36.50, the lows for the year.
The iShares MSCI EAFE ETF EFA remains in a column of X’s this week as it rallied to complete a triple top at $75, returning the fund to a buy signal and marking a 52-week high. EFA maintains an acceptable score of 3.72, which is above the average score for the All Global and International Diversified (3.03) group. The ETF remains in a positive trend at current levels with support offered at $66. Resistance lies at current chart levels with additional in the upper-$70s.
The iShares MSCI Frontier and Select EM ETF FM remains in a column of X’s this week, lying at $26.50. It remains on a buy signal after posting new 2023 highs at the end of July. The fund’s score sits just below the acceptable 3 threshold at 2.98, which is in line with the average Non-US funds group (2.98). Support is seen below at $24.50, the bullish support line and 2023 lows.
The iShares S&P MidCap 400 Index Fund IJH remains in a column of X’s this week, with the fund moving to a new 52-week high and breaking a triple top at $275. IJH now holds a score of 3.84, which is above the average Mid Cap (3.58) and US (3.60) fund groups. Resistance is found at current chart levels while additional can be found at $285 and $290, the ETF’s all-time high. The bullish support line is found at $235.
The iShares S&P SmallCap 600 Index Fund IJR remains in its respective column of Xs this week and rallied to $106. This clears resistance that dates to July this year and marks the highest level since February. IJR sits in a positive trend and on a pair of consecutive buy signals on its default chart. IJR holds an acceptable fund score of 3.04, but it resides below the average score for a Small Cap fund (3.33).
The Invesco QQQ Trust QQQ remains in X’s as it rallied to a 52-week high and matched the fund’s all-time high at $405. With that said, the fund still holds a strong 5.73 fund score, having maintained a buy signal since November and returned to an RS buy signal against SPXEWI earlier in October. QQQ continues to outpace the average US fund, which shows a 3.60 average score. From here, support is offered at $345.
The Invesco S&P 500 Equal Weight ETF RSP returned to a buy signal by breaking a spread triple top at $156 as the fund rallied to $158, a 52-week high. This also flips the trend back to positive and RSP now holds a positive 1.48 score direction and an acceptable 3.79 fund score. This is still behind the average S&P 500 Index fund score of 4.65, but equal weights have seen a nice uptick recently. Resistance lies at $160 and $164, the fund’s all-time chart high.
The SPDR S&P 500 ETF Trust SPY remains in its column of X’s this week as it rallied to $470, just one box below the fund’s all-time chart high at $475. The fund holds a strong 4.37 fund score, besting the average US fund score of 3.60. Support lies at $410 on the default chart, while the bullish support line resides at $405.
The Invesco S&P 500 Top 50 ETF XLG remains in its column of X’s this week as the fund rallied to a new all-time high at $37.50. XLG possesses a fund score of 5.46, besting the average US fund score of 3.60 and Growth fund of 4.20. From here, initial support is offered at $33, while the bullish support line lies at $30.
