New Screens - Sentiment and Trend
We've just added two new screens to the website.
These Sentiment and Trend screens takes a look at at the commodities and ETFs we track that have a current Optimism Index (Optix) reading that’s near an extreme and then comparing the close price of the underlying market to determine if it is above or below the 200-Day Moving Average.
For ETFs, we look for anything that has an Optix value of <= 30 and a closing price that is greater than the 200-Day Moving Average. We expect those ETF's to move higher (highlighted in green in the screen table). If any ETF's have an Optix value >= 70 and a closing price less than the 200-Day Moving Average, we would expect those ETF's to move lower (highlighted in red in the screen table).
For Commodities, we look for anything that has an Optix value of <= 35 and a closing price that is greater than the 200-Day Moving Average. We expect those Commodities to move higher (highlighted in green in the screen table). If any Commodities have an Optix value >= 65 and closing price less than the 200-Day Moving Average, we would expect those Commodities to move lower (highlighted in red in the screen table).
They can be found in the menu's of the the appropriate section (e.g., ETFs -> Screens) as well as under "More -> Screens".
Direct links to these two new screens are: