Numerous risk-related ETFs have similar looking charts. We would like to see some improvement from a momentum perspective.
Source: http://ciovaccocapital.com/wordpress/index.php/stock-market-us/most-etfs-uninspiring-today/
Wednesday, June 20, 2012
Most ETFs Uninspiring Today
The chart below is of the Vanguard Total Stock Market ETF. As shown via the Wm %R and Rate of Change (ROC) indicators, today’s rally has not reversed relatively weak upside momentum.
Numerous risk-related ETFs have similar looking charts. We would like to see some improvement from a momentum perspective.
Numerous risk-related ETFs have similar looking charts. We would like to see some improvement from a momentum perspective.
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