Emerging markets ETF · buy signal, week 7
SPEM adds 0.6% as the 20-week average holds again, while the MACD keeps sliding
Our view last week
SPEM, the emerging markets ETF, backs away from its highs: it slips 1.2% and prints a fresh 30-day low that the weekly close leaves unconfirmed. The 20-week average holds again. In SPEM technical analysis the weekly averages stay aligned to the upside, but MACD and price action say the buy signal is losing pace. Price closed below the breakeven stop flagged in last week's card (52.38 area): for anyone following that level the trade is closed.
This week's summary
SPEM, the emerging markets ETF, claws back 0.6% after last week's dip, and once again the turn comes off the 20-week average, in the 51.7 area. Price sits 2.5% below its all-time high and money flow has been positive for 10 weeks. In SPEM technical analysis the weak spot is momentum: the weekly MACD histogram has been falling for 5 weeks and the ADX is at 9.6. Price action reads as indecisive: among weekly buy signals this one is alive, but it has lost pace.
IQS Phase
53
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#75 / 92
US stocks in progress
Trade P&L %
-0.32%
from signal to date, no stop loss
SPEM Emerging Markets weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 75th among the 92 Longs already running for US stocks in our ranking, with a signal strength of 33 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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