SPEM, fresh sell signal
SPEM drops 3.4% and opens a fresh sell signal on emerging markets
SPEM, fresh sell signal
Our view last week
This week SPEM, the emerging-markets ETF, confirmed the double bottom in the 50 area with an intermediate 6% rebound and closed up 1.7%, with buyers back in control (92% of volume, versus just 41% the week before). Price is now boxed between the 7-day high and the daily Kumo ceiling, while the ADX keeps falling: the trend is losing conviction even as the buying side tries to catch its breath.
This week's summary
SPEM, State Street's emerging-markets ETF, opens a fresh sell signal this week: the stock dropped 3.4%, wiping out last week's rebound. Price is now boxed between a resistance and a support sitting very close together, with the weekly ADX falling and the MACD still in negative territory. Signal strength climbs to 78 out of 100 and reads a decline that has just started, making lower lows.
IQS Phase
57
ordinary
Signal Strength
78
decline starting to make lower lows
Sizing
STANDARD
Ranking
#29 / 140
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content