ETF Rodeo Roundup Continues
Tim Knight | Apr 04, 2016 12:45AM ET
Continuing on with some interesting ETFs this weekend: below is China Large Cap (NYSE:FXI), which tracks the FTSE China 50 index. It’s got a terrific head and shoulders pattern.
The Transports (NYSE:IYT) is somewhat sloppier – – in fact, it’s one of the worst of the ten I’m highlighting this weekend – but I’ve made note of what seems like the next level of resistance.
The homebuilders (NYSE:XHB) is coming up against a gap close, which I’ve tinted in cyan.
Just about the only bullish one I’ve got to share is the bond fund (NYSE:BND), which isn’t as heavily traded as iShares 20+ Year Treasury Bond (NYSE:TLT), but it still has a nice breakout pattern.
Finally, there is the iShares MSCI EAFE (NYSE:EFA), shown below, whose resistance I’ve likewise tinted.
OK, that’s it! Let’s get some downward action this week, folks, all right? Please?
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