Sunday, November 15, 2009

Chaikin Money Flow on Equity ETFs

just like on the S&P, most equity ETFs are showing big divergences between the price action and the direction of the CMF indicator. 36 out of 40 ETFs on our Equity ETF Index have a CMF(21) reading below 0. by comparison, only two ETFs had negative CMF(21) readings 49 trading days ago. I include some examples below.

(click here for an explanation of the CMF indicator)

say it again, Frenchy.