Let's try this

Rob's latest technical/chart views of a range of ETFs as 2023 ends

This is the space devoted each week to a post that aims to combine 2 things:

• Investment education that matters. “Investing 201 and 301” type of stuff, not Investing 101.

• Technical analysis, sans the fancy charting-geek terminology. There are just too many “investment experts” out there trying to show off what they know by thoroughly confusing us. Or, as those of you who listened to one of the podcasts I highlighted in last Sunday’s weekend edition of ETFYourself.com, they use the “word salad” method to sound like we should follow what they say…once we figure what the heck they’re saying!

Investment education, charting, and portfolio management just do not have to be that way! Thus, our mission.

Photo by Ian Schneider on Unsplash

Let’s try something

There is just one trading day left in 2023, and most people are somewhere between what they were doing on Christmas weekend and what they are about to do for New Year’s Eve and Day. But since most of our audience has been so consistent and engaged, reading nearly all of what we post, I figured we’d try something this week, in hopes that it would not only impact our subscribers, but potentially introduce a new, free feature that will further enhance the ETFYourself.com experience.

Below are the results of my frequent chart-scanning of about 200 ETFs. I looked at them from a “tactical” standpoint, using charts of 1-day and 3-day prices. So, these are not “long-term investment” views, but they are well beyond day-trading.

I run one of my own accounts with that type of time frame, whereby I rotate through a set of ETFs, holding them for somewhere between 1-2 weeks and 6 months. The shorter the holding period, the more likely it is I concluded that either I totally misjudged something or that I was right on time and probably a bit lucky too.

What this is and isn’t

Please do not think for a second that what you see below is a recommendation to buy or sell any ETF. And given the time frame involved, and the very nature of tactical investing, premium subscribers who follow my personal live money model portfolios should not assume that the views below map right on to those models.

What this does do is give you insight into what I do very frequently: track the ongoing chart patterns of this set of ETFs so my eventual decisions with my own money come from having done my homework, not just because I heard someone say “buy this now.”

So, here is a plain-language snapshot of what my latest full chart list reading (as of this morning), produced. Rather than buy-hold-sell, you will see that I’ve described them a bit differently. And, I’m just using ticker symbols here, not full ETF names. Just the bottom line.

If many of you see this and let us know that you like it…poof! we’ll make it a regular feature of ETFYourself.com, with a free version and premium version.

Now, here’s the current Tactical ETF Watchlist:

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Good trend developed, best-looking charts

• AAXJ, AIA, DEM, GUNR, IGOV

Charts at key decision points, so unclear

• IAU, IHF, IPAY, METV, OEF, QQQ, SPHD, SPY, TLT, XLB, XT

Early but promising, ones to watch for near future

• MJ, LIT, REMX, TIPX, MOO, TAIL, UNG

Stretched in price, so either continues rising or hit a wall soon

CALF, FALN, FIW, IGV, KRE, SKYY, SPYG, TAN, VPN, XLC, XLI

Too far gone (missed it, likely too late to chase it)

XHB, XBI, ZROZ