Despite the weakness in the markets the past couple of weeks almost all of our covered ETFs are only down about 5% from their recent highs. Although the way the press is running stories on the markets declines it seems the world might soon be coming to an end. In reality this action appears to simply be a return to a “normal” state of volatility. Albeit after a few years of exceptionally low volatility normal can seem a bit unnerving.
There was a bit of news on our Long Term ETF trends last week. For the first time in over a year one of our ETFs, The Wisdomtree Japan Hedged Equity Fund (DXJ) has moved into a Cautionary Trend from it’s Long Term Uptrend. Still not a sale, but as it is now within 5% of its sale price the arrow turns Cautionary.
As we previously mentioned all of our other ETFs are still solidly in Long Term Uptrends.
