Wednesday, May 14, 2008

Stretched ETF's

In the last few nights I’ve talked about Time Stretches and I’ve discussed my newly bearish outlook. In the spirit of those concepts, tonight I present a list of ETF’s that has gone at least 20 days without closing below their 10-day simple moving averages.

For a list of stocks that may be getting too stretched at the moment, check out the list Kirk recently put together.

1 comment:

Anonymous said...

I have a proprietary screen that finds both long and short reversal signatures in equities.

This evening's run shows one of the longest potential shorts lists I've ever seen. It's composed principally of energy stocks, commodity stocks and regional banks. They don't become actionable until there is a near term trend change indication, but it is suggestive.