The next report will be on Thursday, March 20th,
and cover commodity, bond and Bitcoin ETFs
The major index ETFs broke down in March, became oversold and got oversold bounces. Long-term trend reversals remain for SPY, QQQ and XLK. This means the recent bounces are counter-trend moves within bigger downtrends. ETFs related to housing, retail and semiconductors continue to lag and support a risk-off environment. Defensive names are holding up the best (Utilities, Insurance, MLP, Telecom). Most tech-related ETFs are in long-term downtrends, but two are holding up relatively well with short-term breakouts recently.
Video Headlines - Index, Sector and Industry Group ETFs
- SPY/QQQ Extends on Oversold Bounces
- Marking First Resistance Zones
- RSP Bounces off Bullish Setup Zone
- XLK Bounces within Bigger Downtrend
- Commodity and Defensive ETFs Lead
- XLV Maintains Upswing, but Watch Wedge
- XLF and XLC Hold Above Rising 200-day SMAs
- AIQ Reverses Near Bullish Setup Zone
- CIBR Reverses Short-term Slide with Breakout
- KIE Works its Way Higher After Breakout
- ITA Breaks Out and Hits New High
- IBB Remains Stuck in Wedge
- IHI Bounces Off Rising 200-day SMA
- AMLP Breaks Out of Small Corrective Pattern
- IYZ Bounces off Support Zone
Thanks for tuning in and have a great day!