E*TRADE Commission-Free ETFs -- Trend Score Changes based on Weekly data
What's this all about?Every week we review more than 300 ETFs including all those available to trade commission-free at E*TRADE. To make it easier for E*TRADE customers, they are all grouped together on this one report including the Wisdom Tree, Global X and db-X ETFs. We look at a number of trending indicators and score each ETF according to how bullish each indicator looks.
We look at moving averages, Wilder's DMI (ADX), Aroon and MACD. We combine the scores for each of these indicators into a composite score that ranges from 0 to 6 that shows how strongly the ETF is trending in a bullish direction. In other words, a score of 6.0 would be strongly bullish while a score of 0.0 would be pretty bearish.
This report looks at how each ETF's ranking has changed since last week in comparison to all the other ETFs. In other words, we calculate the change in trend and then rank the ETFs accordingly.
You can use these scores to find ETFs that have bullish momentum, to help identify in-favor sectors or, if you are more of a contrarian, to look for bargains in out-of-favor sectors.Scroll down to review this week's data in a tabular format. And remember, you can click on column headings to sort and hover over each individual symbol to see a chart.