Archive for the ‘Market Sector Funds’ Category
The World Is Ready To Break Out!
This is Vanguard Fund Group’s Sector Fund that follows the whole world markets’ trends and situations. Excepting, and this is one HUGE exception, the United States. This fund was formed in 2008 in the midst of the sub-prime fiasco in an attempt to gain investors who sought less affected areas of the world as a general investment. This proved wrong because, as we know, the depression became world wide and Vanguard investors lost about the same as, say, an investor in the Futures Contracts on the S&P 500.
This Fund is now in a long term sideways (resting) pattern called a symmetric triangle. It is shown on the weekly chart below. It seems ready to break out and will probably do so within the next 2 weeks or so. The profit potential at breakout is about 35%. Follow the Chart on a daily basis with the triangular lines drawn upon the weekly chart, and AFTER a break is confirmed, only then buy long if it is breaking upwards, or sell short if it is breaking in a downwards direction. These is generally a pattern with a high percentage of breakouts being fulfilled.
This is the way the Chart looks:
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XLF, the financial-select SPDR
This seems to be in a good buy position. Especially since the Financial equities seem to be in a good mode for now and the worst (and not so worst) seems to be behind them. Now seems the time, according to Technical Analysis, to invest in the sector that caused us this depression and seems to be continuously a catalyst for recovery from it. Check out the Chart below, it speaks for itself.
This is the way the Chart looks:
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Are you afraid of SPDR’s?
The SPY ETF is a fund composed of funds. What I mean is that this fund gives you a composite of all the different market sector funds, called SPDR’s, and lets you trade on it. Of course, as with all funds, its’ owners align the prices from time to time when they need to be adjusted to fit the fair value of the composite. It is on its way up, as the Fibonacci Fan shows that it is straight on its main line, and it has passed successfully its’ last resistance yesterday. What makes this an attractive opportunity is the BUY signal shown by the OBV-EMA 3,1,C where the OBV crosses the EMA 3 upwardly. See the Chart below.
This is the way the Chart looks:
published by MetaStock (www.equis.com)