PowerRatings

News from Ukraine seems to have taken a turn for the worse and ETFs with exposure to European stock markets have generally turned down. Among the losers, iShares MSCI Germany (NYSE: EWG) fell 1.34% yesterday and iShares MSCI Netherlands (NYSE: EWN) dropped 0.51%. Both ETFs will start trading today with a PowerRatings of 10. Other…    [Read More] 

Major market indexes moved higher yesterday and most sectors moved from oversold to neutral based on PowerRatings. Financial Select Sector SPDR (NYSE: XLF) is one of the sector ETFs that remains oversold with a PowerRatings of 8. Although the ETF is oversold, its ten largest holdings are all rated as neutral with PowerRatings of 4,5…    [Read More] 

Friday’s selling pushed SPDR S&P 500 (NYSE: SPY) and ETFs tracking other major market indexes into oversold territory within an hour of the open. The PowerRatings web site offers traders a screen that allows them to monitor changes in PowerRatings throughout the trading day. Friday’s intraday action showed that the first hour of the day…    [Read More] 

Financial Select Sector SPDR (NYSE: XLF) will start trading today with a PowerRatings of 9, the highest rating among yesterday’s top 10 highest volume ETFs. PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs…    [Read More] 

SPDR S&P MidCap 400 (NYSE: MDY) gained 0.97% yesterday while ETFs tracking other major market indexes gained 1.08% to 1.71%. MDY was the only major stock market index ETF on a PowerRatings buy signal at the close yesterday. PowerRatings has identified several timely buy signals in MDY over the past several months. Stocks have been…    [Read More] 

SPDR S&P 500 (NYSE: SPY) fell 1.11% yesterday with 80% of all the volume on the New York Exchange being to the downside. Heavy downside volume of 80% or more is often a sign that the market has become oversold in the short term. Another sign that a short-term reversal could be near is when…    [Read More] 

Emerging markets were among last week’s winners. ETFs tracking stock market indexes in Mexico and Brazil each gained more than 2% last week. Leveraged inverse funds with exposure to these markets became oversold as the stock markets rose. ProShares UltraShort MSCI Brazil (NYSE: BZQ) and ProShares UltraShort MSCI Mexico (NYSE: SMK) both ended the week…    [Read More] 

Many traders avoid short positions. The reasons for this might include the high costs associated with short trades since traders have to pay their broker a variable interest rate on short positions. Traders may not like the theoretically unlimited risk a short position carries. Legal restrictions on some retirement accounts and investment policy restrictions on…    [Read More] 

Direxion Energy Bear 3x Shares (NYSE: ERY) ended yesterday oversold with a PowerRatings of 9.  Since the beginning of the year, PowerRatings have identified a number of bullish and bearish turning points in this ETF. ERY shows how PowerRatings can be helpful for short-term traders. PowerRatings is a stock rating system that ranks stocks on…    [Read More]