iShares MSCI Austria Capped ET

  • TickerEWO
  • ISINUS4642862027
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bullish Developments Continue; Downgrading Communications Bullish developments continue to flood the market, leading us to believe we may be in the early stages of a broad-based advance. • Bullish Arguments Flooding the Market. Major global and US indexes (SPY, RSP, QQQ, EEM, EFA, EUFN, ACWI, Europe, Japan, etc.) are making bullish inflections. Serial laggards such as retail (XRT) and biotech (IBB, XBI) appear to be bottoming. Cyclical Sectors are breaking topside resistance (e.g., XLK, XLF, XLI). Broad commodities (DJP) appear to be bottoming. All of these developments are consistent with b...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Communications and Energy We remain positive on U.S. and foreign equities and we are encouraged by recent developments highlighted below which are primarily of the bullish variety. • Upgrades: We are upgrading Comm. Services (XLC) to overweight and equal-weighted Energy (RYE) to market weight due to an RS breakout for the XLC and bullish RS reversals for several energy ETFs (RYE, XOP, IEO). Add exposure. See charts below and Sector comments on pages 4-5 for actionable ideas. • Additional bullish developments: Several cyclical areas of the market are breaking topside key resistance...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

U.S. Dollar, broad commodities, and interest rates on the rise • Big picture trends: The USD, commodities, and interest rates. The USD (UUP) has broken topside its downtrend - a bullish development... see below. In a break from the traditional inverse relationship between the dollar and commodities (DBC), the latter remains on bullish footing, and oil prices (DBO, USO, BNO) continue to lead the advance - remain overweight. Also on the rise is the 10-year Treasury yield, which is testing 3.00% resistance... see page 2. • Market internals and outlook: With support levels holding for the prima...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market remains indecisive • Outlook and breadth indicators are mixed: Last week's retest of the S&P 500's 200-day moving average has held, a critical support level, but a long-term breadth indicator has shown deterioration. That is, during the recent retest, a higher percentage of S&P 500 constituents closed below their respective 200-day moving average... see below. Other indicators such as the Discretionary/Staples ratio, Advance-Decline lines, and the percentage of stocks above their 50-day moving average remain constructive, which collectively provide a mixed outlook. We continue to expec...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bullish Developments Continue; Downgrading Communications Bullish developments continue to flood the market, leading us to believe we may be in the early stages of a broad-based advance. • Bullish Arguments Flooding the Market. Major global and US indexes (SPY, RSP, QQQ, EEM, EFA, EUFN, ACWI, Europe, Japan, etc.) are making bullish inflections. Serial laggards such as retail (XRT) and biotech (IBB, XBI) appear to be bottoming. Cyclical Sectors are breaking topside resistance (e.g., XLK, XLF, XLI). Broad commodities (DJP) appear to be bottoming. All of these developments are consistent with b...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Communications and Energy We remain positive on U.S. and foreign equities and we are encouraged by recent developments highlighted below which are primarily of the bullish variety. • Upgrades: We are upgrading Comm. Services (XLC) to overweight and equal-weighted Energy (RYE) to market weight due to an RS breakout for the XLC and bullish RS reversals for several energy ETFs (RYE, XOP, IEO). Add exposure. See charts below and Sector comments on pages 4-5 for actionable ideas. • Additional bullish developments: Several cyclical areas of the market are breaking topside key resistance...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

U.S. Dollar, broad commodities, and interest rates on the rise • Big picture trends: The USD, commodities, and interest rates. The USD (UUP) has broken topside its downtrend - a bullish development... see below. In a break from the traditional inverse relationship between the dollar and commodities (DBC), the latter remains on bullish footing, and oil prices (DBO, USO, BNO) continue to lead the advance - remain overweight. Also on the rise is the 10-year Treasury yield, which is testing 3.00% resistance... see page 2. • Market internals and outlook: With support levels holding for the prima...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market remains indecisive • Outlook and breadth indicators are mixed: Last week's retest of the S&P 500's 200-day moving average has held, a critical support level, but a long-term breadth indicator has shown deterioration. That is, during the recent retest, a higher percentage of S&P 500 constituents closed below their respective 200-day moving average... see below. Other indicators such as the Discretionary/Staples ratio, Advance-Decline lines, and the percentage of stocks above their 50-day moving average remain constructive, which collectively provide a mixed outlook. We continue to expec...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch