Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Jan 05, 2021
Sell Ratings on Three Different European-Related ETFs Signals Potential Trouble Ahead

Sell Ratings on Three Different European-Related ETFs Signals Potential Trouble Ahead

European markets have been rallying nicely over the last few months with a number of countries seeing sharp rallies off their October lows. Unfortunately the rallies have put a number of Exchange Traded Funds (ETFs) in overbought territory on both their weekly and daily charts.

Three ETFs saw their daily stochastic indicators make bearish crossovers on December 31—the iShares MSCI Germany ETF (EWG), the iShares MSCI United Kingdom ETF (EWU), and the SPDR Euro Stoxx 50 ETF (FEX). Those same three ETFs all have “sell” ratings on the Tickeron Scorecard currently as well.

The EWU saw a recent surge when it was announced that there was a Brexit deal in place for England to leave the European Union. The unknown status had been hanging over the head of the British market for quite a while, so the idea that a last minute deal was reached was a relief for investors. Unfortunately it could mark a high point over the short term.

Looking at the FA screener, the EWU and the EWG both have one negative indicator and zero positive ones. The FEZ has one positive indicator and zero negative ones. Because these are ETFs, there are only a few fundamental indicators available. For the EWU the lone bearish signal is from its Outlook Rating and for the EWG it’s the Seasonality Score that is negative. The FEZ gets a positive reading from its Outlook Rating.

On the technical side, all the same indicators are available that we see with individual stocks. The EWG has three bullish signals on the technical side and two bearish signals. The FEZ and the EWU both have four bearish signals and two bullish signals from the technical indicators. There are two areas where all three receive bearish signals—the MACD indicator and the Bollinger Bands. Both the FEZ and the EWU receive bearish signals from their RSI indicators and the Momentum Indicators. All three funds were in overbought territory based on the daily stochastic indicators, but the EWU exited overbought territory on January 4.

Another item of concern for these three ETFs is their current sentiment, specifically the short interest ratios. All three have very low ratios at this time. In fact, the FEZ’s ratio is at 0.60 and that is the highest of the three. What this suggests is that investors are pretty bullish at this time and that could be a concern if we see bulls exiting their positions.

The comparison feature for Tickeron shows how these three ETFs stack up against one another and how they compare to other funds.

Related Tickers: EWG
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.