VEA slips 1.8% as sellers retake control
VEA slips 1.8% as sellers retake control of the tape
VEA slips 1.8% as sellers retake control
Our view last week
This week Vanguard FTSE Developed Markets ETF added 0.3%, but the real signal comes from volume: after the slide two weeks ago, buyers have retaken control (64% of trading) on a 7% rebound off a clean double bottom near 69. The weekly MACD, though, has just crossed bearish, and the ADX keeps sliding: the trend is losing steam just as price tries to turn.
This week's summary
This week VEA - the Vanguard developed international markets ETF - gave back 1.8%, erasing part of its recent rebound: sellers have retaken control of trading (65%, versus 64% buyers a week ago), money flow has turned negative, and the ADX keeps sliding - a sign the trend is losing steam. Price is boxed between support in the 69.6 area and resistance in the 70.3-70.4 area, with the Inversion Point sitting right below.
IQS Phase
51
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#62 / 112
US stocks in progress
Trade P&L %
+2.89%
from signal to today
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