Emerging markets ETF · buy signal, week 6
IEMG slips 0.2%: the 20-week average holds, the cap in the 82.8 area stays shut
Our view last week
Early in the week IEMG, the emerging markets ETF, cleared the ceiling in the 82.8 area that had held it back a week ago, but the push ran out in the 84 area, at the 7-day high, and price was turned away. The week still closed up 1.1%, on an indecisive bar with sellers a step ahead. This IEMG technical analysis sees a buy signal that stays valid while losing strength, as money flow has now been positive for 4 weeks.
This week's summary
The pullback stopped just short of the 20-week moving average, in the 80.4 area, and from there IEMG, the emerging markets ETF, rebounded 2%: the week closes down 0.2%, after last week's rejection in the 84 area. IEMG technical analysis shows a buy signal still valid and short of momentum: hesitant price action, weekly MACD below its Signal line for 13 weeks, money flow positive for 5. Price remains under its 7-day high, in the 82.8 area, a trade setup still waiting for its trigger.
IQS Phase
56
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#73 / 93
US stocks in progress
Trade P&L %
+0.97%
from signal to date, no stop loss
Emerging Markets (IEMG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 73rd among the 93 Longs already running for US stocks in our ranking, with a signal strength of 38 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 ).
restricted Platinum content