One of the few ETFs looking decent is Natural Gas Index ETF (NYSEARCA:FCG), which recently broke out from a long term base at $21 and could potentially offer us a pullback entry off the rising 50-day MA within the next week or two.
As shown on the chart below, volume was mostly lighter during the pullback (which is bullish), although it picked up the past two sessions (but both closes were off the lows of the day).
If last week’s close was closer to the highs of the week, $FCG could have been an actionable setup going into today. But instead, we will simply monitor the price action for a low-risk buy entry.
With its 50-day MA crossing back above the 200-day MA, Emerging Markets Small Cap Dividend ($DGS) has formed a tight trading range and base above the 50-day MA. Notice on the chart below that the 200-day MA is no longer sloping lower and has flattened out: