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ETFs To Watch Sample

ETFs to Watch – July 29, 2019

ETFs to Watch report is part of Premium Articles and focuses on 34 popular ETFs. This report is for week of July 29, 2019, and includes charts for $TLT $XLB $XLU $IBB $SMH

Specific disclaimer: This report includes charts that may reference direction and price target levels determined by technical and/or quantitative analysis. No updates to charts will be provided if conditions change in ways that affect price direction and targets. This analysis is for informational purposes. See full disclaimer for more information.

Overbought/oversold ETFs

Overbought conditions occur when PAL OB/OS indicator is greater than 90 and oversold when the indicator is less than 10.

There are three overbought (SMH, SLV, XLP)and no oversold ETFs in the weekly timeframe. Eight ETFs are at 52-week highs (SMH, SLV, XLP, XLK, UUP, QQQ, XLF, SPY.)

Long

TLT could retest resistance around 133.50.

XLB could move to 62 after a break above 60.

XLU is getting oversold and may stage a rebound.

Short

IBB could drop towards 102.

SMH is overbought and may need a breather.

 


Disclaimer:  No part of the analysis in this blog constitutes a trade recommendation. The past performance of any trading system or methodology is not necessarily indicative of future results. Read the full disclaimer here.

Charting program: Amibroker

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