iShares MSCI Australia ETF

  • TickerEWA
  • ISINUS4642861037
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 Testing Short-Term Support Market dynamics remain positive and there continues to be an absence of breakdowns across the major indexes and all Sectors. As a result we remain bullish and recommend adding exposure on pullbacks. · S&P 500 Levels. We see short-term support on the S&P 500 at 3630-3645. If this area fails to hold, the next important support levels to watch would be 3588 followed by 3550. As long as 3550 holds, we believe a bullish intermediate-term outlook is appropriate... see chart below. · US Dollar, Commodities, 10-Year Treasury Yield, High Yield Sprea...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrades: Industrials, Energy, Small-Caps, Int'l Equities Market dynamics remain positive and we believe the path of least resistance is higher for equities. Below are several observations that help lead us to our bullish outlook. · Small-Caps Leading The Way. The Russell 2000 (IWM) is breaking out to all-time highs and RS shows a major bullish reversal -- overweight small-caps. We view this as an important risk-on signal and is exactly what we would expect to see in a broad-based bull market..

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 likel...

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 commo...

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 resist...

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 likel...

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 commo...

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 resist...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 Testing Short-Term Support Market dynamics remain positive and there continues to be an absence of breakdowns across the major indexes and all Sectors. As a result we remain bullish and recommend adding exposure on pullbacks. · S&P 500 Levels. We see short-term support on the S&P 500 at 3630-3645. If this area fails to hold, the next important support levels to watch would be 3588 followed by 3550. As long as 3550 holds, we believe a bullish intermediate-term outlook is appropriate... see chart below. · US Dollar, Commodities, 10-Year Treasury Yield, High Yield Sprea...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrades: Industrials, Energy, Small-Caps, Int'l Equities Market dynamics remain positive and we believe the path of least resistance is higher for equities. Below are several observations that help lead us to our bullish outlook. · Small-Caps Leading The Way. The Russell 2000 (IWM) is breaking out to all-time highs and RS shows a major bullish reversal -- overweight small-caps. We view this as an important risk-on signal and is exactly what we would expect to see in a broad-based bull market..

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