I have noticed that USD Index has broken downtrendline and finished last week stronger. I think we can see start of new USD bullish trend move . I am waiting for this new trend and plan to trade it in my fund accordingly.
This index can be traded directly with ETF stock “UUP”.
I just noticed bullish chart pattern in Biotechnology sector. I am watching situation for possible long entry in IBB Biotechnology ETF stock.
I noticed that current situation on markets has offered nice buying opportunity in International ETFs. I like Hong Kong ETF bullish stock chart.
Technicals are bullish and fundamentals are also good.
During my regular analysis I found that there has been already divergence in action of some sectors and their ETFs.
There are 3 groups in sector ETF list in my stock analysis software: Strong (bullish), Neutral, Weak (bearish)
Actually I have in bullish list these ETFs: XLP, RTH, ITA
And in Bearish list these ETFs: BDH, WMH, IYR, XHB
Here is example of WMH index bearish weekly chart.
I am going to prepare some ETF trades with these ETFs in my ETF strategy for my fund.
Broadband ETF BDH started to be weak. I missed good shorting point yesterday and now I am waiting for another opportunity to initiate short trade
Silver did not realized my bearish scenario and instead of this it did bullish breakout. You can see situation on chart below.
Current technical view is bullish and if silver ETF will make pullback to 14.80 – 15.30 area it can be used as good buying area with possible targets near 18.
GBPUSD (british pound FX cross to USD) looks like it found its resistance area. Situation looks for possible further declines in GBP and that every rally to 1.66 area and above could be used as good short selling opportunity.
This idea can be traded by FX (as I do in my fund) or by Currency ETF FXB.
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.
