Developed markets ex-US ETF
SPDW confirms its Buy signal within reach of record highs
Our view last week
Last week the Sell signal on SPDW was fading, back at the Inversion Point; this week a new Buy signal kicks in. SPDW, the developed markets ex-US ETF, gains 1% and is still hugging its all-time highs, a level already tested three times over the past ten sessions. This week's technical analysis shows contracting volume and mixed rejection candles: our model suggests waiting for a pullback before entering.
This week's summary
SPDW, State Street's ETF tracking developed markets outside the US, confirms this week the Buy signal that fired seven days ago. The week closes with a slight decline, but the technical picture stays bullish: price above every structural moving average. The ETF, though, is trading right at its all-time highs, already tested multiple times, and Signal Strength is low and fading. The desk recommends caution: better to wait for a pullback before adding to the position.
IQS Phase
71
in tension
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#148 / 167
US stocks in progress
Trade P&L %
-0.25%
from signal to date, no stop loss
Rank position
ranks 148th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
SPDW belongs to the etf broad sector (reference ETF ).
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