Sector MSI indicates a bullish market regime
As we can see, all eleven Sector MSIs are rising. The Materials, Industrials, and Financial Sectors have the highest MSIs. The Energy Technology and Utilities Sectors MSIs follow. The Consumers Staples and the Real Estate Sectors are lagging.
Major Indices MSI indicates bullish market regime
Of the eight Market Strength Indices we show here, five are rising and three show no change. Our MSI of a group of major US Indices is already at 100, the maximum value it can take. The MSI of SP100 remained the same at 72 and the MSI of DOW30 at 90. Apart from the above, the MSI of SP500 rose from 64,4 to 69. The MSI of NASDAQ rose from 76.5 to 78.5. The MSI of DOW65 rose from 67.7 to 69.2 The MSI of Industries also rose from 66.3 to almost 76 And finally, the MSI of interna
APD is trending up
First of all, looking at the Relative Strength chart of APD – Air Products and Chemicals, Inc. - we can see that it’s moving mostly up and above its 20-day exponential moving average since late January. Looking into the more recent history of APD’s price action, we can see that in early June price moved above its 10- 20- and 50-day exponential moving averages. What is more, all three moving averages are rising, a sure sign of a strong bullish momentum. On top of that, price
MSI continues its uptrend
In early May MSI – Motorola Solutions Inc. – broke out of the blue box that marked a consolidation stage. Since then, MSI is moving in a bullish channel between its 10-day exponential moving average and the upper Bollinger Band. The rising and diverging 10- and 20-day exponential moving averages of the stock are a sign of a strong bullish trend. Last sessions’ momentum weakening, though, affected MACD, which is currently moving just below its signal line. Finally, since MSI’s
XRAY in bullish trend
As we can see in the blue box, the last time the price of XRAY – DENTSPLY Intl. Inc. – moved below its 20-day exponential moving average was about a month ago. Since then, XRAY moves in a strong bullish trend between its 10-day exponential moving average and the upper Bollinger Band. At the same time its 20- and 50-day exponential moving averages are rising. The short candlesticks and their short tails are a sign of the bulls’ strength and determination to push price up in a
Mobile Payments ETF
Since the beginning of June, IPAY – the PureFunds ISE Mobile Payments ETF – is moving in a strong bullish trend between its 10-day exponential moving average and the upper Bollinger Band. IPAY’s 20- and 50-day exponential moving average are also rising and diverging from each other, which means that momentum keeps its strength. The last time price touched its 10-day exponential moving average, a series of three bullish days brought price back in course. Finally, IPAY’s Relati
Solar ETF in bullish trend
Since late May TAN – the Invesco Solar ETF – has moved above its 10- 20- and 50-day exponential moving averages. In fact it moves along the upper Bollinger Band and has touched its 10-day exponential moving average only occasionally. At the same time, TAN’s 20- and 50-day exponential moving average are both rising and diverging from each other, a sign momentum keeps its strength long-time. The next obstacle for price to overcome is the blue resistance line at about 28.6. The
Houbuilders outperform
The price of XHB – the SPDR S&P Homebuilders ETF – dropped in mid-week till it touched its 20-day exponential moving average. At that point the bulls reacted and pushed price up and above its 10-day exponential moving average. The next obstacle for XHB is the blue resistance line just under 42. As we can see in the enlarged chart of MACD on the right, this momentum indicator has turned up and has crossed above its signal line. Finally, XHB’s Relative Strength has already turn
GREK outperforms among countries
As we can see in the chart, GREK – the Global X MECI Greece ETF – went through a phase of consolidation, the blue box. As soon as, though, price reached its 10-day exponential moving average, the bulls decided to push price up again. Price has already started moving along the upper Bollinger Band. As momentum is building up MACD has already turned up and touched its signal line. It’s important to note that the 10- 20- and 50-day exponential moving averages are all rising sinc
PALL's bullish trend continues
As we can see in the orange box, throughout May PALL, the ETFS Physical Palladium Shares – moved horizontally. As a result of this trendless regime, volatility dropped, as we can see from the width of the Bollinger Bands. The market conditions changed in early June when price broke above the upper side of the orange box and followed a strong bullish trend on the upper Bollinger Band. Although momentum seems to have weakened in the last four sessions, MACD keeps moving up and
