International ETFs Death Cross Signals
Today there are three big international ETFs that are flashing death cross signals.
BLDRS Emerging Markets 50 ADR (ADRE)
The golden cross signal from early March failed today. ADRE is possibly setting up a head and shoulders pattern also.
iShares MSCI France (EWQ)
The golden cross signal from mid March failed today. Can the bulls defend the key support line area?
iShares MSCI EMU Index (EZU)
The golden cross signal from mid March failed today. The October lows is a key area.
A bearish scenario would be it breaks and turns into resistance.
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.