Level of interest: Prior support/resistance level from previous trade at $5.00 even (key support/resistance area to observe). Stop loss for the trade involving ASX:EDV (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 5th September (i.e.: any trade below $4.92).
US10Y breaking support. Good entry on bond etf's. Only picking up a small amount to get in the door. ZROZ, EDV, and TLT.
We haven't had to manage cycle risk, on a sustained basis to the downside, since 2008-2009 and 2000-2002. The biggest problem in financial markets right now is there's no Event. This is just Cycle-Risk and we haven't had to manage cycle risk - on a sustained basis to the downside - since '08-'09, and 2000-2000 before then. The Fed is in QT. Financial conditions...
It appears that there is at least 15% more downside to EDV before a possible trend reversal. I have two separate channels made up. If support fails EDV may find it self within the lower channel. The long term economic picture still seems to be uncertain. With more clarity coming with time. A bounce or failure at the long term support could very well happen within...
The EDV "SHS" pattern (month frame) is confirmed, target is $ 56- $60 and expected time is 3-5 months. EDV buy : $32 - $33 EDV target : $56 - $60 Stop loss : 15% . Note that the month pattern will take a long time and is only suitable for long-term investment.
Low cost ETF's that beat the market: (Note these lean Growth, Tech, & Large-Cap Heavy) Add slow and steady now; Add heavy when we retest the black trend-line ------------------------------------------------------------------------------------- Ticker: SPYG Name: SPDR Portfolio S&P500 Growth ETF Last Close: 44.85 Net Assets ($M): 7596 Expense Ratio:...
EDV has done well since the S&P cooled off at the beginning of the year. The two have a predictably negative correlation, however, even though the S&P has been doing relatively well since mid-February, a weak pennant has formed in EDV and there are signs of a positive breakout.
A breakout will spell big trouble for the market. We will see.
1. If breakout, buy with stop. If breakout confirmed, buy more. 2. If dips, wait until lower trend line (support) is hit. If support holds, buy this dip with stop and hold (if worked) until upper trend line (resistance) is hit then go back to 1. If aggressive, can short dip, short broken support.