
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 | 413.91 | 1.66 | Positive | Sell | X | 4.23 | 386.00 | + 3W |
EEM | iShares MSCI Emerging Markets ETF | 43.28 | 2.41 | Negative | Sell | X | 3.80 | 41.10 | + 1W |
EFA | iShares MSCI EAFE ETF | 82.85 | 2.89 | Positive | Sell | O | 2.85 | 77.48 | + 2W |
FM | iShares Frontier and Select EM ETF | 27.69 | 4.12 | Positive | Sell | O | 2.46 | 27.33 | + 7W |
IJH | iShares S&P MidCap 400 Index Fund | 61.41 | 1.28 | Positive | Buy | O | 4.07 | 57.38 | - 1W |
IJR | iShares S&P SmallCap 600 Index Fund | 115.93 | 1.23 | Positive | Sell | O | 3.32 | 106.90 | - 2W |
QQQ | Invesco QQQ Trust | 470.66 | 0.61 | Positive | Buy | O | 4.40 | 439.44 | + 1W |
RSP | Invesco S&P 500 Equal Weight ETF | 174.52 | 1.51 | Positive | Sell | O | 3.10 | 161.95 | + 8W |
SPY | SPDR S&P 500 ETF Trust | 558.35 | 1.24 | Positive | Buy | X | 5.26 | 510.87 | + 1W |
XLG | Invesco S&P 500 Top 50 ETF | 46.03 | 0.79 | Positive | Buy | X | 5.66 | 41.72 | + 1W |
Featured Chart: iShares MSCI EAFE ETF (EFA)
The iShares MSCI EAFE ETF (EFA) drifted up this week, breaking through significant resistance at $82 dating back to 2021, completing a spread quintuple top in the process. Over the last sixty-days, EFA has risen by 5.77%, more than doubling the return of the S&P 500 (SPX) during this time span. EFA’s rally from August lows now leaves it at its highest price since 2007, placing it above the middle of its trading band at 60% overbought.
Despite its recent breakout, EFA has lagged the market year to date, and has remained on a RS sell signal versus the S&P 500 Equal Weighted Index (SPXEWI) since 2009. EFA also holds an unacceptable 2.85 fund score, the lowest of any market ETF besides the iShares Frontier and Select EM ETF (EEM). Relative strength continues to favor domestic equities, which is further confirmed by its substantial lead in DALI Asset Class Rankings. Support does not start until $74, but previous resistance at $82 could serve as new support. Those looking to add international exposure may be best suited to focus on concentrated areas of strength.