The Philippines ETF (EPHE) sees a rally this week which is probably counterintuitive which is likely to confound many investors. But this is the kind of reaction we see these days. Technically for us the WEEKLY HI/LO’s have led the way in providing good exits. The most recent LO never completed which would have led us following this discipline would have benefitted.
Going forward and until the election completes, I don’t see any reason now to post weekly charts on Friday’s. I’ll return to post once this important event occurs.
Our proprietary HI/LO indicators represent existing trends that may weaken or even reverse. Possible actions include closing an open position or even reverse especially if market is at extreme levels as measured by Relative Strength Indicator or similar.
Daily charts indicate short-term views and actions while Weekly charts indicate intermediate views. Long-term views are indicated by Monthly charts.
There is no guarantee these indications will pan-out but we do believe, based on experience, outcomes are likely to happen.
Dave Fry is founder and publisher of ETF Digest and has been covering U.S. and global ETFs since 2001.
Named as one of the Top 22 ETF Experts You Need To Follow on Twitter for continuing to deliver high quality analysis and commentary through the ETFDigest Twitter feed.
ETF Digest was named in the Top 50 Investing Blogs.
Ranked #16 in the Top 25 Best ETF Newsletters in 2015.
ETF Digest was awarded one of the most informative ETF websites in the 10th Annual Global ETF Awards.
Disclaimer: The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell only any security. Market sectors and related ETF's are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation's aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com
|WTI Crude Futr||29.10||-0.34||-1.15 %||16:22|
|US Dollar||96.90||0.15||0.16 %||16:42|
|Brazil||953.961||0.36 %||-0.52 %||-7.94 %|
|Russia||376.088||2.60 %||-6.20 %||-7.08 %|
|India||405.432||2.63 %||-5.21 %||-11.78 %|
|China||49.561||3.54 %||-4.42 %||-16.57 %|