Emerging markets ETF: rebound capped by the 37 area wall
Schwab Emerging Markets Equity ETF: +1.9% off the double bottom, but the 37 wall holds
Emerging markets ETF: rebound capped by the 37 area wall
Our view last week
The Schwab Emerging Markets Equity ETF is in week 11 of a buy signal, and our model's coverage is now complete: all 3 targets were hit along the way. The trade is running roughly at breakeven, but the signal is losing steam — strength has dropped to 38 out of 100, and it ranks only 91st among the 125 open buys in US stocks. Here the discipline is to manage, not to add.
This week's summary
Weekly technical analysis. This week's bounce carried the Schwab Emerging Markets Equity ETF back onto a clean double bottom in the 35 area, after a 7% intermediate rebound: the week closed up 1.9%, with buyers making up 95% of volume. After weeks of losing steam, price now runs into a solid wall just under the 37 area, rejected repeatedly over the past three weeks, while the weekly ADX slips and money flow cools off. In week 12, the trade sits on a modest gain, at 1.5%.
IQS Phase
64
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#102 / 129
US stocks in progress
Trade P&L %
+1.50%
from signal to today
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