Nov 08
Technical Indicators
Walking through the technical indicators for each of the “Big Six” ETFs, I see where all are positive with exception of VOT. This Mid-Cap Growth ETF is not quite showing a positive CMF. The RSI and MACD graphs are positive for all the basic equity ETFs.
If one is still skittish about this market, then there is one additional indicator to wait on and that is the 25-Day and 50-Day EMAs you see in the top graph when using the link provided above. Don’t purchase the ETF or stock until the 25-Day Exponential Moving Average (EMA) moves from below to above the 50-Day EMA. That would be the final indicator to wait on. However, if you are beginning to have confidence in the market, then rely on the RSI, MACD, and CMF graphs. Those are showing positive signs for the “Big Six” equity ETFs.
Photograph: Near main transportation center in downtown Amsterdam, Holland
Sphere: Related Content