DVYE going down... this is an opportunity to BUY along the wayThere's a special feeling you get when you see a product that is nicely diversified (130+ assets), which is dividend yielding and currently trading below the it's 5-year moving average. Companies that are big players and established are suffering more from the trade tensions and the strong dollar (and ensuing weaker EM currencies). This will go down but will also be a great opportunity to buy along the way.
DVYE trade ideas
DVYE: I-Shares Emerging Markets Dividend ETF Isues Sell SignalDVYE-The investment seeks to track the investment results of the Dow Jones Emerging Markets Select Dividend Index, which measures the performance of a group of equity securities issued by companies in emerging market countries that have provided relatively high dividend yields on a consistent basis over time. The fund generally will invest at least 90% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
There are many sell signals .
1. Sell Fractal in effect (rectangle on chart).
2. Alligator jaws opening in tandem with sell Fractal. Now feeding in down-trend.
3. Chop indicator (under chart) (indicates trend or choppy action) is below the 38.2 shaded area, indicating a trending stock, which is trending DOWN.
4. Phase energy (lower top indicator) is heading lower (six consecutive red bars).
5. Momentum (middle top indicator) is the 5/34 measure, and this is heading DOWN.
6. Prices are trading in the Ichimoku Cloud.
7. Prices are trading below the thick red Ichimoku Cloud conversion line.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud and this rolling over to the down-side.
I would not own these shares for a long position . Good luck to you in all your trades. Don.