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Registered User
Joined: 8/11/2006
Posts: 7
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I read an article recently that said volume indicators on ETFs may not be very reliable because of the nature of the ETF to mirror the underlying sector or industry. That while there may be large volume changes in the SP500, for example, this may not be the case for the SPY.
My question is do you think that TSV and Moneystream are good for using on ETFs? I love them for stocks btw.
-Shane
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice. You may wish to review the following:
Basic Info on BOP, TSV and MoneyStream
I will also move this topic to the Stock and Market Talk forum where other traders are more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/11/2006
Posts: 7
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ok thanks.
-Shane
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Registered User
Joined: 2/5/2006
Posts: 1,148
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you can use them on etf's. however, you are correct in assuming some etf's are tracking stocks and mirror the underlying security. in those cases i like to study both the etf and underlying index. sometimes you can learn more from the etf's than the underlying index. check past history of etf, and see how well your indicators worked.
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Registered User
Joined: 2/2/2008
Posts: 2
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Volume may satisfy the primal instinct of safety in numbers but................You transact in PRICE. And stemming from cogitive dissonance, you'd only be considering the volume on one side of the equation.
An ETF is a basket with a specialist, yet the components of the basket EACH have a respective speclialist (who may have a a different inventory agenda at that point in time).
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