Dow's Streak Snapped As China ETF Nears Bear Market
-
Jason Goepfert
Published: 2018-06-26 at 10:54:08 CDT
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.
Sino ursus
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.
NEW FEATURE
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.
For access to the full report, indicators, charts, screens, and Backtest Engine, log in or sign up for a free 30-day trial today. |
Related Posts:
- A Breadth Thrust That Acts More Like a Blow-Off
- Nasdaq Joins the Breadth Thrust Party
- Weekly Wrap for Sep 3 - More Thrusts in Sectors, Still Tough for Commodities
- Don't Sell Just Because the Defense Is on the Field
- A Record Rally Led by Utilities and Health Care
Tagged As:
The post titled Dow's Streak Snapped As China ETF Nears Bear Market was originally published as on SentimenTrader.com on 2018-06-26.
At SentimenTrader.com, our service is not focused on market timing per se, but rather risk management. That may be a distinction without a difference, but it's how we approach the markets. We study signs that suggest it is time to raise or lower market exposure as a function of risk relative to probable reward. It is all about risk-adjusted expectations given existing evidence. Learn more about our service , research, models and indicators.
Follow us on Twitter for up to the minute analysis of market action.
Follow @sentimentraderNot ready to signup up for a free trial yet?
Signup for our Daily Lite email to receive highlights of our daily report, research and studies.
Follow us on Twitter:
Follow @sentimentraderSubscribe to our Youtube Channel:
RSS Feed
Subscribe to the Blog RSS feedTags
Recent Blog Posts
Brought to you by:
>