Since 11/14/22:
- Large Caps (SPY) changed to bullish, breaking and staying above its 33-week moving average.
- Foreign Developed Small Caps (SCZ) changed to bullish, breaking and staying above its 33-week moving average
- Global Hi Yield Bonds (JNK) changed to bullish, breaking and staying above its 33-week moving average.
SPY now has a higher relative strength rating than cash, according to ETFTrend’s RSf rating. Neither SCZ nor JNK do, yet.
Earlier In November, Small Caps (IWM/IJR), Small Cap Growth (IJT) and Foreign Developed (EFA) all flipped to bullish.
Top 4 asset classes near month end:
For. Developed #1
US LC #2
US SC Mom./Growth #2
Cash/ST #4