
- Today I’m focusing on the charts and data associated with two popular benchmark ETFs: S&P 500 ETF (IVV) and NASDAQ 100 ETF (QQQ).
- IVV has a Trend Seeker “Sell” signal and an 88% “Strong Sell” from Barchart Opinion.
- QQQ has the same readings and is more than 20% below its 52-week high.
Normally I lead with “I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipchart feature to review the charts for consistent price appreciation.”