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 | 384.54 | 1.73 | Positive | Sell | X | 3.74 | 361.14 | - 14W |
| EEM | iShares MSCI Emerging Markets ETF | 41.48 | 2.57 | Positive | Sell | O | 2.74 | 39.42 | - 3W |
| EFA | iShares MSCI EAFE ETF | 78.51 | 2.81 | Positive | Sell | X | 3.89 | 73.15 | - 2W |
| FM | iShares Frontier and Select EM ETF | 28.30 | 3.31 | Positive | Sell | O | 3.36 | 26.70 | + 7W |
| IJH | iShares S&P MidCap 400 Index Fund | 58.81 | 1.28 | Positive | Buy | O | 4.55 | 53.47 | - 2W |
| IJR | iShares S&P SmallCap 600 Index Fund | 106.11 | 1.28 | Positive | Sell | O | 2.77 | 101.03 | - 2W |
| QQQ | Invesco QQQ Trust | 445.37 | 0.59 | Positive | Buy | X | 5.67 | 394.32 | - 8W |
| RSP | Invesco S&P 500 Equal Weight ETF | 164.59 | 1.52 | Positive | Sell | O | 3.12 | 152.24 | - 2W |
| SPY | SPDR S&P 500 ETF Trust | 518.00 | 1.28 | Positive | Sell | X | 4.45 | 464.35 | - 6W |
| XLG | Invesco S&P 500 Top 50 ETF | 42.19 | 0.85 | Positive | Buy | X | 5.79 | 37.16 | - 6W |
Featured Chart: Invesco S&P 500 Equal Weight ETF (RSP)
This week’s declines saw several funds reverse down into O’s on their default charts. While the overall technical posture of said funds is still strong, perhaps the most important area to monitor as we journey into the second quarter is equal-weighted assets. Small-caps have struggled recently, so a major battleground for increased domestic participation could come from the “average stock.” Take for instance Invesco S&P 500 Equal Weight ETF (RSP), which reversed down into O’s with today’s action. Now at the middle of the trading band, bulls will look for a reversal back into X’s to act as a confirmation of positive action and establish near-term support. Past this, old resistance could come into play as new support around $154.
Additional Comments:
A number of other funds moved lower over the last week. Namely, DIA and IJH reversed back into O’s. QQQ is near a reversal, without technical support for quite a while on its default chart. Make sure to check in on more sensitive scales to look for near-term price battlegrounds across the board.
