There was no change to the Franklin International Rotation Model this wee, so we look at Franklin US Large Cap Multifactor Index ETF (FLQL).
There was no change to the Franklin International Rotation Model this week.
Domestic Equities continue to sit atop DALI’s Asset Class rankings, with large caps leading the pack in terms of strength over mid and small caps. Those looking to add more broad-based large cap exposure could look towards the Franklin US Large Cap Multifactor Index ETF (FLQL), which holds a strong fund score of 5.42 that is 1.48 points higher than the average US fund. The fund holds both long and near-term market relative strength, sitting on an RS buy signal and column of Xs versus the S&P 500 equal weight (SPXEWI). On its trend chart, FLQL has traded in a positive trend dating back to November of 2022. Meanwhile, it moved back to a buy signal in April and reversed back into a column of Xs last week, leaving initial support for the fund nearby at $67. After initial support level, further support lies at $52 and $49, with the bullish support line at $47.50.
