ETF representing regional banks (KRE) shows very significant weakness to the market and also to another sectors. It could offer very good short selling opportunity in any pullback – like current one.
Silver ETF (SLV) printed bearish stock chart pattern on weekly time frame. As you can see from enclosed chart – head and shoulders chart pattern can be found there.
And this type of pattern is bearish. Current levels could be good place to open aggressive short entry in this commodity ETF stock. I did it already in my fund.
There is very strong divergence in price development between crude and other commodity- natural gas. Oil (but also several other commodities) is in bullish uptrend, natural gas price is in strong decline.
What is wrong ? Price of oil or price of natural gas ? Maybe we can see good tradable global macro theme developing righ in front of us.
There is sign of possible bearish development in EURUSD exchange rate. As you can see on chart there is very bearish reversal candlestick on weekly chart . This one is developed right in resistance are. It indicates possible further weakness in EURUSD currency pair. I plan to enter short trade in this currency pair soon for my fund.
You can also trade this pair by using currency ETF stock FXE.
Strong rally from last weeks pushed all sectors up. It is hard to find something which was not rising in last weeks. There are few stocks, but no whole sectors.
Therefore I only noticed that Energy sector did not rallied so strong as other sectors. I am closely monitor this sector for possible entry for short trade. This sector is lagging and so it is prime candidate for short trade setup for my fund.
I have closed my energy sector shorts and now I am waiting for good pullback to open them again.
I noticed during scanning for opportunities for my ETF Trading strategy that Dow Jones US Retail Estate Index signalize possible troubles ahead. It shows relative weakness on the chart and so I am preparing to enter short trades in breakdown of support level near 300 pts.
Utilities is sector presenting relative weakness. It is not participating in current rally too much. May be good short opportunity…..
I noticed that DBP, ETF tracking precious metals, has broken its recent uptrend. It is first warning before another drop in this ETF .
I am watching this ETF for possible short trade.
I noticed that Energy sector finished pullback. I noticed several times in last month that this sector is poised for more declines.
Now it looks like its downtrend move is starting again.
I like to enter this ETF trade with Oil Short ETF with symbol DUG.
