iShares MSCI Netherlands ETF

  • TickerEWN
  • ISINUS4642868149
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Energy to Market Weight Better economic data and optimism surrounding US-China trade (notwithstanding last Friday) has put a floor under Treasury yields and has led investors to take profits from large-caps, growth, and defensive areas of the market and migrate to small-caps, value, and cyclical segments of the market. While this shift has been a welcomed sight for the prospects of a broad-based move higher, several key risk-on areas of the market have thus far failed to break above resistance, leaving our overall neutral outlook intact. • Upgrading Energy. We are upgrading Energy...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Testing 1-month resistance All of the major averages (S&P 500, Nasdaq, and Dow) are testing key 1-month resistance levels. This test of short-term resistance comes despite new developments which continue to be of the negative variety, making it a logical area for the market to retreat. As a result, we remain cautious with an overall neutral outlook. • Negative developments continue. Copper exhibits signs of breaking down below the key $2.54-2.55 level, the small- vs. large-cap ratio (IJR/SPY) is hitting fresh lows after an attempted bottom, and Utilities (XLU) notched a new YTD RS high last ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market at key inflection point, still vulnerable We remain cautious with an overall neutral outlook as indicators continue to send mixed signals. By and large, new developments have been negative, but many areas we often look to in order to gauge risk sentiment - which also give us clues to where the market is likely headed next - are testing important support levels. • Negative developments. Several negative developments support our belief that the market may be poised for further weakness, including: breakdowns in EM (EEM), EAFE (EFA), and the cyclicals vs. staples ratio, global autos (CA...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market purgatory continues Despite the generally positive developments highlighted below, our outlook remains neutral and we see the S&P 500 remaining rangebound between support at 2,720-2,730 and resistance at the all-time highs of 2,954. We continue to believe an eventual breakout or breakdown is likely to be the deciding factor as to where the market is headed next. • U.S. dollar. The U.S. dollar has weakened and is testing critical support. We continue to believe further weakening has the potential to save global risk assets by providing a tailwind for EM/foreign equities and the commodi...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Volatility prevails • Long-term bullish outlook remains. In our last ETF Pathfinder, we voiced our expectation for a continued period of heightened volatility marked by backing and filling. We also noted important levels on the S&P 500 that we are watching - the recent high of ~2,873 as the top-end of the range, and the recent low of ~2,532 as the bottom-end. Nothing has changed regarding these expectations, and we expect markets will continue to consolidate within the aforementioned range. • Positive breadth divergences are evident. Helping support our long-term bullish outlook is the Discr...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Energy to Market Weight Better economic data and optimism surrounding US-China trade (notwithstanding last Friday) has put a floor under Treasury yields and has led investors to take profits from large-caps, growth, and defensive areas of the market and migrate to small-caps, value, and cyclical segments of the market. While this shift has been a welcomed sight for the prospects of a broad-based move higher, several key risk-on areas of the market have thus far failed to break above resistance, leaving our overall neutral outlook intact. • Upgrading Energy. We are upgrading Energy...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Testing 1-month resistance All of the major averages (S&P 500, Nasdaq, and Dow) are testing key 1-month resistance levels. This test of short-term resistance comes despite new developments which continue to be of the negative variety, making it a logical area for the market to retreat. As a result, we remain cautious with an overall neutral outlook. • Negative developments continue. Copper exhibits signs of breaking down below the key $2.54-2.55 level, the small- vs. large-cap ratio (IJR/SPY) is hitting fresh lows after an attempted bottom, and Utilities (XLU) notched a new YTD RS high last ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market at key inflection point, still vulnerable We remain cautious with an overall neutral outlook as indicators continue to send mixed signals. By and large, new developments have been negative, but many areas we often look to in order to gauge risk sentiment - which also give us clues to where the market is likely headed next - are testing important support levels. • Negative developments. Several negative developments support our belief that the market may be poised for further weakness, including: breakdowns in EM (EEM), EAFE (EFA), and the cyclicals vs. staples ratio, global autos (CA...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market purgatory continues Despite the generally positive developments highlighted below, our outlook remains neutral and we see the S&P 500 remaining rangebound between support at 2,720-2,730 and resistance at the all-time highs of 2,954. We continue to believe an eventual breakout or breakdown is likely to be the deciding factor as to where the market is headed next. • U.S. dollar. The U.S. dollar has weakened and is testing critical support. We continue to believe further weakening has the potential to save global risk assets by providing a tailwind for EM/foreign equities and the commodi...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Volatility prevails • Long-term bullish outlook remains. In our last ETF Pathfinder, we voiced our expectation for a continued period of heightened volatility marked by backing and filling. We also noted important levels on the S&P 500 that we are watching - the recent high of ~2,873 as the top-end of the range, and the recent low of ~2,532 as the bottom-end. Nothing has changed regarding these expectations, and we expect markets will continue to consolidate within the aforementioned range. • Positive breadth divergences are evident. Helping support our long-term bullish outlook is the Discr...

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