Despite new all-time highs for the Spiders and QQQ ETFs, the technical dynamics remain the same. Diamonds, Spiders and QQQ have positive but overbought weekly charts, while transports and Russell 2000 have positive weekly charts.
The five ETFs straddle semiannual pivots. Spiders, QQQ, transports and Russell 2000 are above semiannual pivots while Diamonds is not.
The five ETFs also straddle annual pivots. Diamonds, Spiders and QQQ are above, transports and Russel 2000 ETFs are below.
Here’s Today’s Scorecard
SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)
Courtesy of Refinitiv XENITH
The Diamonds ETF is