Airline ETF shares with symbol FAA now consolidate in bearish chart pattern – bearflag. It can offer good short selling opportunity in next days or weeks if this stock chart pattern will be broken down.
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I have several different bond ETF shares and municipal bond ETF shares in my ETF List. I monitor them regularly for possible trading opportunities.
Bond ETFs are in bullish position right now but it can change. I would like to show you chart of IEF. You can see that there is important support level near 102 USD. There will be great short sell opportunity in this bond ETF if this level will be successfully penetrated.
Although todays situation on chart of uranium etf shares is not positive, these shares offer nice option how to invest in commodities.
I like Uranium as commodity play. I think it is not possible to generate enough energy for our world without nuclear power plants. And this commodity could be boosted by big demand in future.
It is really good to have best stock charts setup to have ideal conditions for stock chart analysis. All is based on features of your stock analysis software. But if you use Amibroker, like me, then you have really a lot of options how to setup best stock charts on your computer.
China ETF, India ETF and Russia ETF are very popular international ETF . They were really hammered during last weeks. Recent movements only signalize possible prolonged weakness in emerging markets ETF.
I plan to trade these international exchange traded funds based on my ETF trading strategy. It tells me now to be careful and wait for good pullback to consider new short entries in these international ETF shares.
Today’s situation with commodity exchange traded funds is quite bearish.
But one of them is very different. It is agriculture ETF for Livestock Subindex – COW. It presents quite bullish price action. I plan to monitor it as I think that it can go up when we will see some pullback in commodity sector.
I mentioned few days ago that situation with commodity exchange traded funds looks very bad for bulls. It proved right and commodities declined a lot.
Precious metals ETFs were also hit and not only gold ETF or silver ETF. Also Platinum etf and Palladium etf declined a lot.
Current situation is not case to buy something in commodity area. I prefer to monitor situation and be in cash now.
My regular technical analysis routine shows me that commodity ETFs are not in bullish situation. Broad commodity ETF – DBC – stock chart analysis shows that it is on critical support level .
And several other ETFs like Agriculture ETFs or Base metals / copper ETF are already in bearish situation. I am looking for more shorts in commodity ETF area.
I have CERN in my bullish stock watch list and I monitor this stock closely. It is really leader of the market and is very strong based on relative strength analysis.
I plan to watch any decline to 50day moving average as possible buying opportunity with targets in new highs.
As stock market situation is turning bearish then it is practical to stop using stock trading strategy for bullish markets and use stock trading strategy for declining markets – downtrend. Do you have one ?
