Wednesday, November 30, 2011

ETFs Flashing Buy Signals

One of our most reliable (if not the most reliable) indicator in spotting buying opportunities over the last decade has been an RSI Crossover. This occurs when the RSI reading moves from oversold (below 30) back to neutral (30 to 70).

An extremely high number of ETFs and stocks are flashing this buy signal today. Included in that list is the S&P 500!!
Here are a few ETFs on the list:

  • Global X Fertilizer ETF ($SOIL)


  • SPDRS Consumer Discretionary ETF ($XLY)


  • WisdomTree Asia Local Debt ETF ($ALD)


  • Vanguard Mid-Cap ETF ($VO)


  • Global X Copper Miners ETF ($COPX)


  • SPDR S&P Retail ETF ($XRT)


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