Potential buy for these ETFs from the weekly charts

The major indexes had some gains this week as the DOW rose 0.9%, the NASDAQ rose 2% and the S&P 500 made 0.9%. The gains were not much but at least it stopped the prices from falling as it was in the last few weeks.

I looked at the weekly charts and found that there are few ETFs which may be a potential buy as a long position in the Ocean Portfolio. These are EWZ, ILF and EFA.

EWZ and ILF are closed above the weekly moving average MA-39 with the MA-4 is above MA-39 and the EFA is also approaching it. To determine the right time to re-enter as the long position, I basically use MACD, RSI and other filters to confirm my entry point. As for now, these three ETFs will be on the close watch list.

                                  (Click image to enlarge)