Sunday, April 3, 2016 3:36 PM EDT
Continuing on with some interesting ETFs this weekend: below is China Large Cap, which tracks the FTSE China 50 index. It’s got a terrific head and shoulders pattern.
The Transports is somewhat sloppier – in fact, it’s one of the worst of the ten I’m highlighting this weekend – but I’ve made note of what seems like the next level of resistance.
The homebuilders is coming up against a gap close, which I’ve tinted in cyan.
Just about the only bullish one I’ve got to share is the bond fund, which isn’t as heavily traded as TLT, but it still has a nice breakout pattern.
Finally, there is the iShares MSCI EAFE, shown below, whose resistance I’ve likewise tinted.
OK, that’s it. Let’s get some downward action this week, folks, all right? Please?
Disclosure:Short Workday This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make ...
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Disclosure:Short Workday This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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