The Top Signal Strength page lists those ETFs who are rated to be in the top 1% based on their signal strength.
The Top Signal Direction page lists those ETFs who are rated to be in the top 1% based on their signal direction.
Signal strength can be used as an indicator of the long-term view of a market, whereas signal direction can be used a short-term (3-day) view of the current price activity.
Available only for U.S. and Canadian markets, each analytic used within the signals is rated by signal strength and direction. The strengths are allocated either 10, 20, 30, 40 or 50 points and the directions are allocated 1, 2, 3, 4, or 5 points. The strength and direction ratings are listed in the advanced opinion pages. The totals are added up for strength and direction depending on the buy, sell and hold ratings and those ETFs within the top 1% bracket are listed in these pages. Signal strength and signal direction are independent of the signals rating.
To be included in the Signals Strength or Direction page, an ETF must have traded today, with a current price between $2 and $10,000 and with today's volume greater than 10,000. An ETF must also have an opinion and a last month's opinion.
There are two time-frames to choose from using the selection found in the data table toolbar:
- Current - The list of ETFs to display on the Current page is updated every 10 minutes throughout the trading day. You will see new price data appear on the page, as indicated by a yellow "flash". However, ETFs are not automatically re-ranked on the page until the site performs its 10-minute update.
- Daily - The list of ETFs to display on these pages is updated once a day, at approx. 8pm EST.
The signal strength is a long-term measurement of the strength of the signal compared to the strength of the signal historically. The strength can be one of the following five readings:
Maximum is the strongest this signal has been in the historical period, and minimum is the weakest the signal has been in the historical period. The stronger a signal strength, the less volatile the signal. For example, a maximum buy signal is less likely to change to a hold or a sell signal than a weak buy signal.
A hold signal does not have any strength.
Buy/Sell Signal Direction
The signal direction is a short-term (3-day) measurement of the current movement of the signal. Regardless if signal is a buy or sell, the direction is an indication of whether the most recent price movement is going along with the signal. The buy/sell direction can be one of the following five readings:
A buy signal with a "strongest" direction means a buy signal which is becoming stronger. Similarly, a sell signal with a "strongest" direction is becoming stronger. The direction goes with the signal.
Hold Signal Direction
The signal direction of a hold signal is a short-term (3-day) measurement of where the signal is heading, be it toward a buy signal or a sell signal. The hold direction can be one of the following five readings:
A bullish hold signal indicates that the signal is heading toward a buy configuration, and a bearish hold signal indicates that the signal is heading toward a sell configuration.