iShares MSCI New Zealand Cappe

  • TickerENZL
  • ISINUS4642891232
  • ExchangeNASDAQ Stock Market
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market at key inflection point, still vulnerable We remain cautious with an overall neutral outlook as indicators continue to send mixed signals. By and large, new developments have been negative, but many areas we often look to in order to gauge risk sentiment - which also give us clues to where the market is likely headed next - are testing important support levels. • Negative developments. Several negative developments support our belief that the market may be poised for further weakness, including: breakdowns in EM (EEM), EAFE (EFA), and the cyclicals vs. staples ratio, global autos (CA...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Global indexes at major resistance Despite the S&P 500 having crept into all-time high territory, several signals continue to give us reason for pause as they are not indicative of what we would expect to see in a typical bull market. Below we highlight some of these signals which give us reason for pause, including major global indexes (ACWI and IOO) which find themselves at critical resistance... see charts below. • Reasons for pause: RS is neutral and consolidating for defensive bond proxy Sectors. Price trends are neutral at best for banks (KBE, KRE), transports (IYT), small-caps (IWM), ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

As market participants attempt to digest the Trump/Xi G20 meeting and resulting trade cease-fire, the S&P 500 remains below logical resistance at 2,964. While a breakout would not be surprising, we believe additional consolidation is the more likely scenario. • Cyclicals unable to hit new price highs. Helping lead us to believe the market may not be ready to break out is the fact that several key cyclical areas of the market are either making lower highs or remain below resistance. Until we see some breakouts or improvements within cyclical areas we believe additional consolidation is likely....

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market purgatory continues Despite the generally positive developments highlighted below, our outlook remains neutral and we see the S&P 500 remaining rangebound between support at 2,720-2,730 and resistance at the all-time highs of 2,954. We continue to believe an eventual breakout or breakdown is likely to be the deciding factor as to where the market is headed next. • U.S. dollar. The U.S. dollar has weakened and is testing critical support. We continue to believe further weakening has the potential to save global risk assets by providing a tailwind for EM/foreign equities and the commodi...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Staples, Downgrading Energy We are downgrading our outlook to neutral as a result of several negative developments, including breakdowns for EM (EEM) and China (MCHI, FXI), steep price and RS uptrend violations for Technology (XLK, RYT), improving RS for defensive areas of the market, weakness in “Dr.” copper, and crude oil's breakdown. • Key levels on S&P 500, U.S. dollar. Our neutral outlook is supported by a consolidating market and a number of mixed technical signals. On the S&P 500 we are watching for support at 2,800 (with secondary support at the 200-day MA) and resistance a...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market at key inflection point, still vulnerable We remain cautious with an overall neutral outlook as indicators continue to send mixed signals. By and large, new developments have been negative, but many areas we often look to in order to gauge risk sentiment - which also give us clues to where the market is likely headed next - are testing important support levels. • Negative developments. Several negative developments support our belief that the market may be poised for further weakness, including: breakdowns in EM (EEM), EAFE (EFA), and the cyclicals vs. staples ratio, global autos (CA...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Global indexes at major resistance Despite the S&P 500 having crept into all-time high territory, several signals continue to give us reason for pause as they are not indicative of what we would expect to see in a typical bull market. Below we highlight some of these signals which give us reason for pause, including major global indexes (ACWI and IOO) which find themselves at critical resistance... see charts below. • Reasons for pause: RS is neutral and consolidating for defensive bond proxy Sectors. Price trends are neutral at best for banks (KBE, KRE), transports (IYT), small-caps (IWM), ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

As market participants attempt to digest the Trump/Xi G20 meeting and resulting trade cease-fire, the S&P 500 remains below logical resistance at 2,964. While a breakout would not be surprising, we believe additional consolidation is the more likely scenario. • Cyclicals unable to hit new price highs. Helping lead us to believe the market may not be ready to break out is the fact that several key cyclical areas of the market are either making lower highs or remain below resistance. Until we see some breakouts or improvements within cyclical areas we believe additional consolidation is likely....

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market purgatory continues Despite the generally positive developments highlighted below, our outlook remains neutral and we see the S&P 500 remaining rangebound between support at 2,720-2,730 and resistance at the all-time highs of 2,954. We continue to believe an eventual breakout or breakdown is likely to be the deciding factor as to where the market is headed next. • U.S. dollar. The U.S. dollar has weakened and is testing critical support. We continue to believe further weakening has the potential to save global risk assets by providing a tailwind for EM/foreign equities and the commodi...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Staples, Downgrading Energy We are downgrading our outlook to neutral as a result of several negative developments, including breakdowns for EM (EEM) and China (MCHI, FXI), steep price and RS uptrend violations for Technology (XLK, RYT), improving RS for defensive areas of the market, weakness in “Dr.” copper, and crude oil's breakdown. • Key levels on S&P 500, U.S. dollar. Our neutral outlook is supported by a consolidating market and a number of mixed technical signals. On the S&P 500 we are watching for support at 2,800 (with secondary support at the 200-day MA) and resistance a...

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