New Screens - ETF Sector Components Moving Average and Optix Exhaustion

Over the weekend, we added two new screens to the site.  These screens are highlighted below. They can be found under the "Sector & Country ETF's -> Screens" menu.

ETF Sector Component Moving Average Screen

The first is an ETF Sector Component Moving Average Screen. This screen looks at those sectors that have components trading higher (or lower) than their 200-day moving average and higher (or lower) than their 10-day moving average.

 Screen details:

• Sector ETF's with more than 50% of components trading higher than their 200-day moving average AND fewer than 20% of components trading higher than their 10-day moving average. This shows short-term oversold conditions in generally healthy trends. These are highlighted in Green.
• Sector ETF's with less than 50% of components trading higher than their 200-day moving average AND more than 90% of components trading higher than their 10-day moving average. This shows short-term selling opportunities. These are highlighted in Red.

The screen results for April 13 2017 is shown in Figure 1.

[caption id="attachment_1203" align="aligncenter" width="600"] Figure 1: ETF Sector Component Moving Average Screen[/caption]

Optix Exhaustion Screen

The second screen add is an Optix Exhaustion Screen.This screen looks at Optix indicators that might be displaying exhaustion based on the daily close and 10-day moving average.

Screen details:

• Optix indicators with a 10-day moving average < 30 and that day's Optix value is < 20.These are highlighted in Green.
• Optix indicators with a 10-day moving average > 70 and that day's Optix value is > 80. These are are highlighted in Red.

The screen results for April 13 2017 is shown in Figure 2.

[caption id="attachment_1205" align="aligncenter" width="600"] Figure 2: Optix Exhaustion Screen[/caption]