This is an abridged version of our Daily Report.
Had to happen sometime
The Dow Industrials Average ended its 2-year streak of holding above its 200-day average, its 7th-longest streak in an uptrend since 1900.
It wasn’t a death knell for the index, especially when the Leading Economic Indicators were strong.
The most popular China ETF is nearing bear market territory. Previous 20% declines in FXI led to quick, temporary recoveries, but the broader Shanghai Composite index didn’t enjoy the same tendency to see relief rallies.
Small trader enthusiasm
Small options traders have continued their preference for bullish options strategies, as the ROBO Put/Call Ratio remained at an extreme this past week. The smallest traders bought 227 speculative calls for every 100 protective puts.
The Backtest Engine is now capable of backtesting the Optimism Index for individual stocks in the S&P 1500 index. Like the indicators, you can launch it by clicking the “Backtest this indicator” button on the individual charts, or by choosing Stock in dropdown box #2 on the Backtest page. You can read more about it here and see an overview video here.
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The post titled Dow's Streak Snapped As China ETF Nears Bear Market was originally published as on SentimenTrader.com on 2018-06-26.
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