Malausia ETF sell signals
This morning I detected sell signals in the MSCI Malaysia ETF (EWM).
The iShares MSCI Malaysia Index Fund (EWM) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Malaysia Index (the "Underlying Index"). The Underlying Index consists of stocks traded primarily on the Kuala Lumpur Stock Exchange. The Fund generally invests at least 95% of its assets in the securities of its Underlying Index and in depositary receipts representing securities in its Underlying Index.
Technical sell factors to consider:
1 - 80% Barchart technical sell signal
2- Trend Spotter (tm) sell signal
3 - Below 20 and 50 day moving averages
4 - 6.07% off its recent high
5 - Relative Strength Index is 40.49% and falling
Jim Van Meerten is an analyst for Marketocracy Capital Management. He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs onBarchart.com in his daily blog -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High model portfolio.