Emerging-markets ETF, third week of a sell signal
SPEM gains 1.5% but the sell signal holds into its third week
Emerging-markets ETF, third week of a sell signal
Our view last week
SPEM, State Street's emerging-markets ETF, closes a nearly flat week (-0.1%) after last week's 3.4% drop: price stays boxed between a resistance in the 50.3 area and a support in the 50 area, with sellers back in charge on the last daily bar even as the double bottom in the 50 area holds. Signal strength drops to 34 out of 100 and reads a decline with no fresh push. In SPEM technical analysis terms, the picture stays one of waiting: second week of a sell signal, trading not recommended.
This week's summary
SPEM closes the week up 1.5%, yet the technical picture stays neutral: four lower highs in the recent daily bars, moving from the 52 area toward the 51 area, with mixed rejection candles. Signal strength drops to 2 out of 100, the lowest reading in recent weeks - the decline has lost its push. Price stays boxed between the nearest resistance and support. Third week of a sell signal, trading not recommended per our model.
IQS Phase
78
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#133 / 138
US stocks sell signals
Trade P&L %
-1.47%
from signal to date, no stop loss
Rank position
ranks 133rd among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
SPEM belongs to the etf broad sector (reference ETF ).
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