Internet sector strong but GOOG is lagging
September 17th, 2010 richkI like bullishness of Internet sector (represented by FDN ETF) . But GOOG is clear laggard for me. So I am looking for good level to enter shorts in GOOG.
I like bullishness of Internet sector (represented by FDN ETF) . But GOOG is clear laggard for me. So I am looking for good level to enter shorts in GOOG.
There are several China ETF shares available to trade. We have done analysis of composition of basket for Asia ETF stocks. And in our latest Global macro newsletter we have identified list of Asia ETF shares with best profit potential in next few months.
One of them is CHIQ as one of the best China ETF. It has nice bullish stock chart. I have prepared detailed trade setup for this China ETF in my ETF Trading strategies newsletter. I am going to trade trade it in my fund, too.
DBO has strong resistance in 25 – 26 USD area. I plan to short DBO there with stop right above this level in my ETF Technical strategies. This trade is also supported by my bearish Oil Global macro opinion.
I am not very bullish on commodities based on my Global macro opinion. The only commodity ETF I like is Agriculture ETF DBA. I am long this ETF for a few weeks already and still looks bullish for me
I have noticed strong resistance area in TLT – Bond ETF. I think that any move to 100 – 102 level could be shorted with relatively tight stop and expectation of drop from this level.
This trade can be traded by Ultra short ETF stock. You can use TBT and buy it instead of short “TLT” ETF. I prepare setup and it is going to be published in my ETF trading newsletter.
DBC, Commodity ETF, is now in defined range with bearish bias prevailing. I like most commodity ETF stocks for possible short trade. Only one – agricultural commodity ETF – is bullish for me. Technical analysis now agree with my Global Macro opinion about commodities.
They are bullish and show relative strength to US stock markets. I monitor especially ETFs like ECH, EWM and IF for possible entry in my technical strategies. These ETFs are also in accordance with my Global Macro ideas.
I did my analysis for technical trading strategies for my fund and noticed that commodity ETF stocks turned bearish. They have broken support levels and are now poised for further declines. Here are some chart examples :
The only commodity ETF I watch for long now in my ETF Trading strategies is DBA – agriculture ETF stock
Investors lost its appetite to buy pharmaceutical companies. PPH – Pharmaceutilas ETF indicates such situation. It looks like any rally in PPH is shortable. I will monitor it in my ETF Trading to prepare some setup. But we are in strong bullish stock market trend and therefore I will set up only half size trade for this idea.
I monitoring IDU – Utilities ETF. It is breaking out of consolidation pattern and is poised for further gains. I am preparing new trade setup to trade this new trend.