iShares Global Materials ETF V.MXI

Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.

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iShares Global Materials ETF

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Post by RichyRich$on Jun 08, 2016 4:38pm

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Post# 24948076

Technical's Showing a Long-term Uptrend Since 2014

Inspite of that recent pullback, we are still intact of a long-term uptrend since 2014. That goes in line with what Wilwal was saying that Merrex was a NEW COMPANY as of 2014 with new hotspots discovered in early 2014. A chart of the technicals always confirms the solid fundamentals with MXI. Risisng lows along the lower trend line since 2014 and currently breaking out of an Upward Ascending Triangle.