Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Pre-Fed ETF Stroll

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Before the Powell bromides and pandering reassurances begins, here are a few important ETFs and some words captioned in each:

Liquidity moves markets!

Follow the money. Find the profits! 
Long-term, commodities look ready to turn lower (note recent horizontal resistance)
The “diamonds” broke their intermediate term trendline; as long as it doesn’t push above its horizontal, this is bearishly configured
The European MSCI shares have likewise broken their intermediate trendline anchored to March 23
Brazil shares are getting very close to major resistance where the price gap is located
Home construction is still uptrending smoothly
As bad a shape as retail seems to be in, the retail ETF has shattered its descending trendline
Probably the most bearish of all of these charts is this one, which has an exceptionally-clean horizontal that has been tested before

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.