FYI: It is still early in the holiday season but this morning investors are waking up to quite the gift as assets are rallying on positive trade news out of the G20. Taking a look at our Trend Analyzer, every major US index ETF ended November at neutral levels with most sitting just below their 50-day moving averages (DMA). With futures pointed sharply higher this morning, it is likely we will see a majority of these ETFs open above their 50-DMAs. Additionally, each name in this group is up from the start of last week when they were coming off of a post-Thanksgiving selloff. Things have come a long way in a week’s time. The Core S&P Mid-Cap ETF (IJH) and the Micro-Cap ETF (IWC) are the only ones with YTD losses, but even these could easily be reversed if they see the same upward movement as the broader market today.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/trend-analyzer-12-3-18-open-above-50-dmas/
