S&P 100 ETF · sellers retake control
iShares S&P 100 ETF slips 1.0% as the MACD completes its bearish cross
S&P 100 ETF · sellers retake control
Our view last week
OEF, the ETF tracking the 100 largest US stocks in the S&P 100, closes the week down 1.5% after a double bottom in the 356 area and an intermediate 5% rebound. The sell signal, which last week looked all but over, is moving again: signal strength climbs to 28 out of 100, with the decline back to making lower lows. The fund still sits 32.4% above its 200-week average: OEF's weekly technical analysis confirms trading is not recommended.
This week's summary
Sellers are back in charge on the iShares S&P 100 ETF (OEF): after last week's bounce, the stock slips 1.0% with 79% of volume on the sell side and the weekly MACD completing its bearish cross. It confirms that the Sell signal, reactivated last week, is regaining pace. OEF's technical analysis shows money flow turning negative and momentum back below zero, while the 356-area double bottom still holds for now.
IQS Phase
66
in tension
Signal Strength
48
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#39 / 141
US stocks
Trade P&L %
-1.58%
from signal to today
Rank position
ranks 39th among the 141 sell signals for US stocks in our ranking, with a signal strength of 48 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
OEF belongs to the etf broad sector (reference ETF ).
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