Failed Sell signal, a new high-risk Buy is born
IEMG rises 0.5%: the Sell signal fails and a new Buy signal is born
Our view last week
IEMG, the emerging markets ETF, closes the week up 1.5% and climbs back toward the Inversion Point: in our weekly technical analysis the sell signal, live for four weeks now, has never been confirmed. Money flow has turned positive for the first time in a month and buyers are back in control of volume, while the trend loses conviction week after week. The picture stays wait-and-see, not a case for a fresh short.
This week's summary
IEMG, the emerging markets ETF, is up 0.5% and stretches its daily higher-lows sequence to three, from the 74 area to the 80 area. The old Sell signal, never confirmed across four weeks, gives way to a new Buy signal: our technical analysis still flags it as high-risk, with strength staying weak and price hugging highs that have already been tested more than once.
IQS Phase
53
ordinary
Signal Strength
45
medium · weak
Sizing
REDUCED
Ranking
#13 / 14
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 13th among the 14 fresh Longs for US stocks in our ranking, with a signal strength of 45 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
IEMG belongs to the etf broad sector (reference ETF ).
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