No. of Recommendations: 7
Check out this MTUM chart (standard SMA slope) showing the price trend against the moving average trend... MTUM is a managed ETF turned over approximately every 3-6 months with the highest 125 stocks by recent price momentum (their balancing choice) over the preceding 6-12 months. Obviously, semis and megacap tech are a major percentage of the ETF.
>20% drop since end of June... including the resilient (if not late) feline jump from late July to early October... then last week and today broke below the 180d MA... in a week or two, if it doesn't bounce, the 180 day trend will flatten out pretty quickly.
schrts.co: SharpCharts | StockCharts.comFC
