Index Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
iPath CBOE S&P 500 BuyWrite Index ETN (GIF:BWVTF)
Long-Term Uptrend (+90) - BWVTF is in a strong uptrend that is likely to continue. While BWVTF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BWVTF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BWVTF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BWVTF
The long-term trend has been UP since Jul 6th, 2020 at 72.316
The intermediate-term trend has been UP since Dec 28th, 2020 at 82.132
The short-term trend has been UP since Jan 6th, 2021 at 82.720
Smart Scan Analysis for BWVTF
Based on our trend formula, BWVTF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).