Emerging Markets ETF
SCHE edges up 0.1% and stays boxed between the averages as ADX fades
Emerging Markets ETF
Our view last week
SCHE technical analysis: the Schwab Emerging Markets Equity ETF, this week's read is one of rejection: the fund gave back 3.2%, running once again into the wall of averages just above the 36 area already touched in recent days. Sellers dominated 74% of volume and money flow turned negative again after weeks in positive territory. The trade, in its 13th week, has slipped from a modest gain into a small loss, while the weekly ADX keeps sliding.
This week's summary
SCHE, Schwab's emerging markets equity ETF, closed the week almost flat but under pressure: sellers dominated 93% of volume, yet the price is holding, pinned between the 100-day moving average just above and the 20-week moving average just below. In the background, a double bottom in the 35 area has already produced a 7% rebound, while the weekly ADX is sliding and the trend loses conviction.
IQS Phase
45
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#94 / 124
US stocks in progress
Trade P&L %
-1.64%
from signal to today
Rank position
ranks 94th among the 124 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
SCHE belongs to the etf broad sector (reference ETF ).
restricted Platinum content