Emerging-markets ETF: buyers return, trend stays cautious
VWO gains 1.6% as buyers return, but ADX stays weak
Emerging-markets ETF: buyers return, trend stays cautious
Our view last week
In our VWO technical analysis, the Vanguard emerging-markets ETF, sellers are back in charge: 94% of this week's volume sits on the sell side, and the ETF slides back toward the double bottom in the 58 area, right where the Inversion Point sits. The trend is losing steam - ADX falling, momentum negative - while money flow thins out. The buy signal, open for 14 weeks, is showing its first cracks.
This week's summary
The picture flips in a week: on VWO, the Vanguard emerging-markets ETF, 89% of this week's volume sits on the buy side and the price gains 1.6%, after sellers ran the show at 94% seven days ago and the ETF slid back toward the double bottom in the 58 area. ADX keeps falling though, and the daily chart still shows 4 lower highs from the 60 area down to 58: a bounce still waiting to be confirmed.
IQS Phase
46
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#82 / 120
US stocks in progress
Trade P&L %
-0.73%
from signal to date, no stop loss
Rank position
ranks 82nd among the 120 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
VWO belongs to the etf broad sector (reference ETF ).
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