There was no change to the Franklin International Equity Rotation model this week, so we look at the Franklin U.S. Mid Cap Multifactor Index ETF (FLQM).
There was no change to the Franklin International Equity Rotation model this week.
Domestic equities have seen the market broaden out to start the year, with small and mid cap stocks putting together a strong start to the year. Those looking to take advantage of those groups’ recent advance could look towards the Franklin U.S. Mid Cap Multifactor Index ETF (FLQM). It holds a strong fund score of 4.19, which is 0.32 points higher than the average mid cap fund. FLQM has been trading in a positive trend dating back to late 2023, with the fund also moving to a buy signal in April of last year. Additionally, the fund displays both short- and long-term market relative strength, sitting on a column of Xs and an RS buy signal versus the S&P 500 Equal Weight (SPXEWI) since 2020. Looking at the more sensitive $0.50 chart, support for the fund lies closely from $55 to $54. Lastly, the fund is trading in actionable territory near the middle of its ten-week trading band, making it far less overbought than most other mid cap funds.
