What may seem like buying opportunities could very well be a sign of exhaustion amidst
a multi-year downtrend.
Homebuilder sentiment is near recovery highs, yet the relative strength of the SPDR S&P Homebuilders ETF (XHB, $ 37.49) has been in
a multi-year downtrend and recently began to roll - over from a lower - high, as shown in the following chart.
In any event, identifying in advance when interest rates will reverse
their multi-year downtrend and start to rise in a meaningful way is difficult at best.
The energy sector has rebounded sharply from
the multi-year downtrend in oil prices, but has severely underperformed the S&P 500 Index this past year.
After
a multi-year downtrend many people were expecting the $ 1180» ish level to be the bottom.
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of
its multi-year downtrend line, and now is forming the right side of this bullish chart pattern.
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of
its multi-year downtrend line, and now is forming the right -LSB-...]
Not exact matches
$ TAN recently reversed a long - term (
multi-year)
downtrend, and the ETF is now beginning to show classic signs of a bullish trend reversal.
Technical analysis concerns notwithstanding, iShares MSCI Brazil (EWZ) has broken out of a
multi-year bearish
downtrend.