Despite new all-time highs for the Diamonds, Spiders and QQQ ETFs, the technical dynamics are still the same. Diamonds, Spiders and QQQ have positive but overbought weekly charts, transports has a positive weekly chart and the Russell 2000 ETF has been downgraded to a neutral weekly chart.
Spiders and QQQs are above semiannual pivots while Diamonds, transports and Russel 2000 ETFs are below semiannual and annual pivots.
Here’s Today’s Scorecard
SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)
Courtesy of Refinitiv XENITH
The Diamonds ETF is 25.1% above its 2018 low of $216.97 set