It has been two years since any of our ETFs have been in a Long Term Negative Trend, but Emerging Markets (EEM and VWO) and Europe et al. ( VGK, VEA, VEU and EFA) are now showing Yellow Arrows (i.e. within 5% of a rating change). Yellow is our cautionary arrow, meaning that the prices of these ETFs should be closely monitored so that you will be able to close out positions if they pass through our Decline Limit Price. It must be remembered these arrows are only Cautionary. They do NOT mean that a trend change is imminent so don’t try to anticipate a move to a Red Arrow since there is no guarantee it will happen in the near term. Eventually the arrows will turn to red, and you will know exactly when that happens by waiting for the price to pass through our Decline Limit Price.
