It is useful to do a once a week chart scan for new 52-week highs over the last 5 trading days. No surprise that the inverse ETFs such as BBUS, BBOZ, BEAR, and XNV (inverse ASX 200 index) are included. I hold BBOZ and BBUS.
Technically XNV is looking bullish. The longer-term 130-day EMA has just crossed above the 200-day EMA. The shorter-term 9-day EMA and 21-day EMA are rising above the longer-term MAs. Anyone holding inverse ETFs should continue to hold based on this technical chart picture.
Gold is also catching a bid. Some new 52-week highs in this sector include OGC, XGDA, and SAR.
Real estate (REIT) are also trending up such as ARF, CHC, CQR, DXS, GMG, GPT, and PLG.
It looks like the new U.S. bear Market started in October. Veteran U.S. pro trader Mark Minervini was one of the first to issue a sell note to both private clients, and publicly via Twitter back in October 4, 2018.
https://twitter.com/markminervini/status/1075038963373654016
It is useful to do a once a week chart scan for new 52-week...
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Last
2,806.7 |
Change
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