iShares MSCI Taiwan ETF

  • TickerEWT
  • ISINUS4642867315
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 Testing Support Amid Uncertainties Short-term support levels have been violated on the S&P 500, Nasdaq 100, and Russell 2000 due to uncertainties surrounding rising COVID-19 cases/potential stay-at-home orders, and ongoing uncertainty surrounding new stimulus and the election outcome. While we remain constructive over the intermediate-term, short-term breakdowns have shifted our near-term outlook to a more neutral stance. · Key S&P 500 Levels. We believe caution is warranted following recent short-term breakdowns. Important support levels on the S&P 500 include 3200-3230 foll...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500, Nasdaq Testing Support; Downgrading Energy Following uptrend violations in the S&P 500, Nasdaq 100, and Russell 2000 we made a tactical shift to a neutral outlook, something that continues to be supported by the weight of the evidence. Below we highlight several metrics we are watching; until these metrics take a turn for the worse, our neutral outlook is appropriate. · S&P 500, Nasdaq 100. The S&P 500 and Nasdaq 100 are above key support levels. On the S&P 500 we are watching the 3200-3230 range and on the Nasdaq 100 (QQQ) we are watching $260-$264. We are constructive as l...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bulls Still In Control Supported by several observations highlighted below, we remain bullish and believe the path of least resistance remains higher. · Zero Breakdowns. Major indexes (S&P 500, Nasdaq 100, Dow, Small- and mid-caps) remain in uptrends and not one S&P 500 Sector is breaking down. The absence of breakdowns is bullish. · Breadth Remains Healthy. Breadth indicators including advance/decline (A/D) lines and the percentage of stocks above their 200-day MAs continue to make higher lows on the major indexes. This healthy breadth is a requirement in any broad-based ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Prior Concerns Becoming Tailwinds Several concerns that we have previously noted as being risks to our bullish outlook are now becoming tailwinds. This includes interest rates which are now moving higher and price and RS improvements for cyclical value Sectors. As a result we remain bullish and we believe the path of least resistance remains higher. · 10-Year Treasury Yield Reversing Higher. Earlier this week the 10-year Treasury yield made a bullish reversal, and we now see the short-term path of least resistance as being higher for yields; 0.75% followed by the June highs of 0.95%...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Small-Caps, EM RS, Commodities Bullishly Inflecting We continue to have a bullish outlook and we believe the path of least resistance remains higher. Not only is there an absence of breakdowns for the major indexes and for individual Sectors, but several are now breaking out above resistance. Additionally, EM RS is bullishly inflecting, commodities are bottoming, and high yield spreads are narrowing. · Select Indexes & Sectors Breaking Out. The S&P 500 is testing 3238 resistance, while support levels to watch include 3140, 3085, and 3000. On the other hand, the Russell 2000 (IWM) is...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Despite Concerns, Tape Remains Bullish In our 4/6/20 ETF Pathfinder we highlighted key S&P 500 pivot levels which included support at 2447-2455 and resistance at 2538 & also the 2575-2642 zone. We noted eventual breakouts or breakdowns above or below these levels would tell us where equities were likely headed next. The S&P 500 broke above these resistance levels on April 6 meaning the bulls were in control and equities were headed higher -- which is where we continue to be today. Despite the bulls still being in control, we cannot rule out the potential for a pullback as there continues to be...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Industrials, Downgrading Defensives The current market scenario is not what we would consider “perfect” for a bull market, but it certainly has most of the necessary ingredients. Therefore, we continue to believe we are in the early stages of a broad-based advance. • Upgrading Industrials, Downgrading Defensives. Cyclical Sectors continue to show price and RS improvement while Defensive Sectors deteriorate, a favorable backdrop for a bull market. We are upgrading Industrials (XLI, RGI) to overweight due to bullish price and RS inflections, and we are downgrading Staples (XLP)...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Add Exposure to Emerging Markets, Retail Several recent positive developments are encouraging and incrementally improve our outlook, however there are several other items on our bull market wish list that have yet to be checked off. Our outlook remains neutral. • EM, Retail Bottoming. Bullish price and RS reversals in EM (EEM) is a very positive signal for the broad market as it indicates improving risk appetites. After all, it is one of the riskiest asset classes. Bottoming price and RS in Retail (XRT) is also a very positive signal as it shows the consumer is alive and well... see charts...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Hanging in the balance Last week's worse-than-expected economic data further spooked investors and reignited global growth concerns. Despite the many potential risks that we can point to for this market and the economy, thus far we are not seeing any technical breakdowns, and until we do, our neutral outlook remains appropriate. • Cyclicals not breaking down. Key cyclical/risk-on areas of the market such as small-caps (IWM), banks (KBE), and transports (IYT) are not breaking down. As long as this continues to ring true the potential for a larger pullback in the broad market remains slim......

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Energy to Market Weight Better economic data and optimism surrounding US-China trade (notwithstanding last Friday) has put a floor under Treasury yields and has led investors to take profits from large-caps, growth, and defensive areas of the market and migrate to small-caps, value, and cyclical segments of the market. While this shift has been a welcomed sight for the prospects of a broad-based move higher, several key risk-on areas of the market have thus far failed to break above resistance, leaving our overall neutral outlook intact. • Upgrading Energy. We are upgrading Ener...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 Testing Support Amid Uncertainties Short-term support levels have been violated on the S&P 500, Nasdaq 100, and Russell 2000 due to uncertainties surrounding rising COVID-19 cases/potential stay-at-home orders, and ongoing uncertainty surrounding new stimulus and the election outcome. While we remain constructive over the intermediate-term, short-term breakdowns have shifted our near-term outlook to a more neutral stance. · Key S&P 500 Levels. We believe caution is warranted following recent short-term breakdowns. Important support levels on the S&P 500 include 3200-3230 foll...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500, Nasdaq Testing Support; Downgrading Energy Following uptrend violations in the S&P 500, Nasdaq 100, and Russell 2000 we made a tactical shift to a neutral outlook, something that continues to be supported by the weight of the evidence. Below we highlight several metrics we are watching; until these metrics take a turn for the worse, our neutral outlook is appropriate. · S&P 500, Nasdaq 100. The S&P 500 and Nasdaq 100 are above key support levels. On the S&P 500 we are watching the 3200-3230 range and on the Nasdaq 100 (QQQ) we are watching $260-$264. We are constructive as l...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bulls Still In Control Supported by several observations highlighted below, we remain bullish and believe the path of least resistance remains higher. · Zero Breakdowns. Major indexes (S&P 500, Nasdaq 100, Dow, Small- and mid-caps) remain in uptrends and not one S&P 500 Sector is breaking down. The absence of breakdowns is bullish. · Breadth Remains Healthy. Breadth indicators including advance/decline (A/D) lines and the percentage of stocks above their 200-day MAs continue to make higher lows on the major indexes. This healthy breadth is a requirement in any broad-based ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Prior Concerns Becoming Tailwinds Several concerns that we have previously noted as being risks to our bullish outlook are now becoming tailwinds. This includes interest rates which are now moving higher and price and RS improvements for cyclical value Sectors. As a result we remain bullish and we believe the path of least resistance remains higher. · 10-Year Treasury Yield Reversing Higher. Earlier this week the 10-year Treasury yield made a bullish reversal, and we now see the short-term path of least resistance as being higher for yields; 0.75% followed by the June highs of 0.95%...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Small-Caps, EM RS, Commodities Bullishly Inflecting We continue to have a bullish outlook and we believe the path of least resistance remains higher. Not only is there an absence of breakdowns for the major indexes and for individual Sectors, but several are now breaking out above resistance. Additionally, EM RS is bullishly inflecting, commodities are bottoming, and high yield spreads are narrowing. · Select Indexes & Sectors Breaking Out. The S&P 500 is testing 3238 resistance, while support levels to watch include 3140, 3085, and 3000. On the other hand, the Russell 2000 (IWM) is...

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