Market ETF Monitor
About This Dashboard
The Market ETF Monitor tracks daily sentiment for 12 broad market and commodity ETFs including QQQ, SPY, IWM, DIA, VTI, VOO, VT, EFA, GDX, USO, SLV and VXUS. Visual gas gauge indicators update daily after market close.
Each gauge scores 0–100 using 50-day, 100-day and 200-day simple moving averages combined with RSI(14). Scores below 25 signal overbought conditions while scores above 75 indicate extreme buy opportunities.
How To Read The Gauges
Overbought (0–24): Price is extended above moving averages. RSI elevated. Exercise caution.
Hold (25–51): Neutral sentiment. No strong buy or sell signal. Monitor for direction.
Buy (52–75): Price pulling back toward or below moving averages. Potential entry point.
Extreme Buy (76–100): Price significantly below moving averages with oversold RSI. High conviction signal.
Reading Broad Market Sentiment With ETF Gauges
Broad market ETFs like SPY, QQQ, and VTI represent the overall health of US equity markets. When these ETFs move into Buy or Extreme Buy territory, it often signals a broad pullback has created an opportunity — not just in the index funds themselves but across most equity categories. Overbought readings across multiple market ETFs simultaneously suggest the rally may be extended and risk is elevated.
ETFs Tracked On This Dashboard
The Market ETF Monitor covers twelve key funds: QQQ (Nasdaq 100), SPY (S&P 500), IWM (Russell 2000), DIA (Dow Jones), VTI (Total US Market), VOO (S&P 500 Vanguard), VT (Total World), EFA (Developed Markets), GDX (Gold Miners), USO (Oil), SLV (Silver), and VXUS (Total International). All data sourced from Yahoo Finance.
Using The Trend Arrow
The Trend arrow in the top-left of each gauge card compares the spread between the 50-day and 100-day moving averages today versus 30 trading days ago. A red upward arrow means the gap is growing — a bearish momentum signal. A green downward arrow means the spread is shrinking and short-term momentum is recovering toward its longer-term baseline.
How To Use This Dashboard In Practice
A practical approach is to check the dashboard after major market moves. When multiple ETFs shift into Buy territory simultaneously, that convergence is a stronger signal than any single ETF moving alone. Watching for the Extreme Buy zone appearing across SPY, QQQ, and VTI at the same time has historically marked capitulation moments that preceded strong recoveries.
For informational purposes only. Not financial advice. Data sourced from Yahoo Finance and updated daily after market close.