Biotech ETF XBI (and IBB) recently began showing relative strength versus the broad US market. It now has one of the strongest 6-month charts of any industry group. On the other hand, our global algorithm picked out a stinker – the Philippines ETF (EPHE). After a great start to 2016, it has done […]
The Coffee ETF JO is showing constructive price structure. This 1 year daily chart shows excellent basing characteristics. This commodity has had its challenges, trading down to 50% of its 2014 high. If you are confused about the current U.S. market and are looking for an uncorrelated asset, coffee may be one to keep an […]
The financial ETF XLF loves what it heard last week. Since recent Fed speak, relative to major U.S. sectors, financials are screaming higher. Check out the tail end of this chart comparing the performance of XLF and SPY. Judging by the buzz on Financial Twitter and other financial blogs, we are at a major inflection point in […]
The large-cap China ETF FXI has come alive. After a near 50% decline in 2015, price structure has been steadily improving. Over the last month, it is one of the best performing international ETFs and quickly becoming popular with our relative strength algorithms. Check out our work.