Sell signal reversed: fresh Buy on CME Group
CME Group jumps 4.9% as the sell signal flips into a fresh buy
Sell signal reversed: fresh Buy on CME Group
Our view last week
This week CME Group's sell signal banked a clean bounce: +4.2%, off a daily EMA20 rebound with buyers back in charge, 89% of volume on the buy side. The stock stays boxed into a tight corridor, between the 255 area and the 258 area, while money flow, though still negative, keeps normalizing. The short has been under management for 18 weeks and sits above 13% profit.
This week's summary
CME Group's weekly structure is about as clean as it gets right now: 0 warning signals out of 11 components, a 4.9% weekly gain, and buyers firmly in control of the tape, 56% of volume on the buy side. It's a full reversal of the sell signal we'd been tracking for 18 weeks: CME stock now opens a fresh buy signal, the newest entry among the US buy signals batch. The stock is still well below its all-time high, leaving wide running room per our technical analysis.
IQS Phase
50
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#16 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 16th among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 54 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
CME belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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