Schwab U.S. Broad Market ETF: buyers return
Schwab U.S. Broad Market ETF adds 1.1%, but buyers stall right at the highs
Schwab U.S. Broad Market ETF: buyers return
Our view last week
Week 12 for Schwab U.S. Broad Market ETF, with the model's coverage now complete: all 3 statistical references have been hit and the residual capital continues with a trailing stop on the Inversion Point, in the 28.2 area. Technically the week just closed recovered ground with a strong return of buying volume, but flow and momentum have both been fading for three weeks: a rebound that's holding, not yet accelerating.
This week's summary
Weekly technical analysis. Buyers are back in force on Schwab U.S. Broad Market ETF: 96% of the week's volume was on the buy side, the highest share in four weeks, and price advanced 1.1%. The attempt to clear the 7-day high, in the 29.2 area, was firmly rejected, while momentum and ADX keep cooling for a third week running - the same thread as last week, only with buyers even more convinced. The trade now sits above 11% in gains.
IQS Phase
62
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#118 / 129
US stocks in progress
Trade P&L %
+11.25%
from signal to today
restricted Platinum content