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Barchart
Barchart
Rob Isbitts

This ETF Promises to Protect Your Portfolio with High-Quality Stocks, But Its Chart Is Waving a Yellow Flag

The Invesco S&P 500 Quality ETF (SPHQ), an ETF devoted to screening for high-quality stocks, is wilting under the pressure of an AI buildup that is now being challenged by gravity.

Here’s the daily chart. The percentage price oscillator (PPO) and 20-day moving average are what I’d call “setting up to fail.” That never means “will fail,” but it does prompt a yellow flag.

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