Discovering The Markets: July 24, 2016

Discovering The Markets: July 24, 2016
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By David Rogers. July 24, 2016. BLOWING ROCK, NC — By examining the share price movements of popular ETFs (exchange-traded funds) with our proprietary chart constructs, Blowing Rock News’ “Discovering The Markets” report tries to identify not only prevailing trends, but also potential intermediate-term turning points. There are areas of potential commitment opportunity, as well as price levels where markets look vulnerable.

We offer this perspective on ETFs of current interest without charge to our readers. You may send LINKS to our individual reports as often as you like.  However, all of our research is copyright protected and may NOT be copied, reproduced or otherwise redistributed without the express written permission of Blowing Rock News.

This research relies on two basic technical analysis tools: our proprietary BRN Time Flex Study, as well as our interpretation of Hull moving averages that are designed to reduce lag time while still achieving the desired “smoothing” effect of moving average analysis.

Charts are constructed using Worden Brothers, Inc.’s TC2000.  

In this inaugural “Discovering The Markets” report, in addition to a quick look at the Dow Industrials we focus on ETFs in the Emerging Markets, Gold Mining and Utilities sectors.

Dow Jones Industrial Average

  • Close July 22, 2016: 18,570.85
DJIA Weekly
DJ-30 – Dow Jones Industrial Average. Weekly Chart Through July 22, 2016



Emerging Markets

  • iShares MSCI Emerging Markets Index Fund
  • Close, July 22, 2016: $35.97
EEM Weekly
EEM – Emerging Markets. Weekly Chart Through July 22, 2016



Gold Miners

  • Market Vectors Gold Miners ETF
  • Symbol: GDX
  • Close, July 22, 2016: $28.78
GDX Weekly
GDX – Gold Miners. Weekly Chart Through July 22, 2016




  • SPDRs Select Sector Utilities ETF
  • Symbol: XLU
  • Close, July 22, 2016: $52.76
XLU Weekly
XLU – Utilities. Weekly Chart Through July 22, 106








This research is published for informational purposes only. Nothing about this report should be construed as a buy or sell recommendation, which should be made with full consideration of an individual investor’s risk tolerance, investment objectives, investment experience, and available resources, among other factors. Please consult with an investment advisor, lawyer, or accountant before undertaking any investment activity in order to fully understand the risks, as well as any tax consequences of how any trading strategy impacts your specific situation. As with any stock market research, markets fluctuate so that prices upon liquidation of investments may be worth more or less than the original investment. Past performance is neither a guarantee nor an indication of future performance.

About The Author

As Editor and Publisher of Blowing Rock News, David Rogers has chosen a second professional career instead of retirement. For more than 35 years, he served in the financial services industry, principally in institutional equity research. He grew up in the oilfields north of Bakersfield, California and was a high school English major and honors student. From an economically disadvantaged family background, he worked his way through college (on grounds crew and in dining hall, as well as advertising sales for college newspapers), attending Johnston College at the University of Redlands, Claremont McKenna College, and California State University, Bakersfield. Other jobs to pay for college included a Teamsters Union job in South Central Los Angeles, a roustabout in the central California oilfields, and moving sprinkler pipe and hoeing weeds in the cotton fields west of Bakersfield. Rogers' financial services industry career took him from Bakersfield to La Jolla and San Diego, then to Chicago, New York City, San Francisco, Newport Beach and Charlotte before arriving in the High Country in 2000 to take a volunteer position coaching the rugby team at Appalachian State University and write independent stock market research. He spent three years as a senior financial writer for a global financial PR firm with offices in Los Angeles, New York, Shanghai, Beijing, Tel Aviv, and Frankfort (Germany). Rogers is the author of "The 90% Solution: Higher Returns, Less Risk" (2006, John Wiley & Co., New York). He is married to wife Kim (Jenkins Realtors), and shares in the joy provided by her three grown children and five grandchildren.

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