ITOT: sellers retake control
ITOT slips 1.4% as sellers retake control after a three-week rally
Our view last week
ITOT, the ETF tracking the broad US stock market, closes the week with a modest 0.5% gain, after last week's 3.6% surge. Money flow keeps climbing, at its highest in a month, and the MACD histogram keeps widening: accumulation that isn't slowing down. A caveat comes from the price action, with the last candle still weak, and the price is squeezed a hair below its record highs. The trade now sits 14.6% in the money since entry.
This week's summary
ITOT, the ETF tracking the entire US stock market, breaks its rhythm: after three weeks of buyers in control, sellers take over this time, with 75% of volume on the sell side, and the price slips 1.4%. Last week's warning — the weak final candle — plays out. Money flow stays positive for a 14th straight week but slows down, and the MACD histogram narrows after two weeks of widening. The stock is still a hair below its record highs, with the position up 12.97% since entry.
IQS Phase
56
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#119 / 167
US stocks in progress
Trade P&L %
+12.97%
from signal to date, no stop loss
Rank position
ranks 119th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
ITOT belongs to the etf broad sector (reference ETF ).
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