Weak signal on emerging markets
SPEM rises 0.4% and opens a weak new Buy Signal
Our view last week
After last week's 2.9% rebound, SPEM - the SPDR Portfolio emerging markets ETF - closes this week down a mild 0.5%, with sellers back in control of 68% of volume. Price still sits near its all-time highs, and under the surface the picture is improving: money flow has turned to accumulation and momentum flips positive, even as the trend loses conviction. One to watch with weekly technical analysis.
This week's summary
SPEM, the SPDR Portfolio emerging markets ETF, gets a fresh buy signal this week, but a modest one: 28 out of 100, last among the 14 fresh Longs for US stocks. Price is hugging its all-time highs, propped up by the structural averages, but the trend is losing steam and the highs have already been tested multiple times. Our model flags the opening as high risk and doesn't recommend it, while still tracking the asset week by week.
IQS Phase
60
ordinary
Signal Strength
28
low · fading
Sizing
MINIMUM
Ranking
#14 / 14
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 14th among the 14 fresh Longs for US stocks in our ranking, with a signal strength of 28 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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