Developed markets ETF, 20th week of a buy signal
VEA slips 0.5%: sellers return to the fore just shy of all-time highs
Our view last week
VEA, the Vanguard developed markets ETF, slips a mild 0.2% this week, but the MACD has crossed back above its Signal line after 6 weeks below it — a first sign of renewed strength. Buyers still control the tape, 63% of volume, though that's down from the prior 2 weeks (91% and 78%). The price remains a whisker from its all-time high, a level already tested 4 times over the last 10 weeks. The trade continues in profit from entry.
This week's summary
VEA, the Vanguard developed markets ETF, slips 0.5% this week and closes with sellers commanding 81% of volume, the sharpest reading in a month. The price still sits a whisker from its all-time high, an area already tested four times over the last ten weeks. ADX stuck at 17.6 shows the trend lacks real conviction: the advance continues, but without much force. The trade remains in profit from entry.
IQS Phase
58
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#122 / 175
US stocks in progress
Trade P&L %
+7.85%
from signal to date, no stop loss
Rank position
ranks 122nd among the 175 Longs already running for US stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
VEA belongs to the etf broad sector (reference ETF ).
restricted Platinum content