Five ETFs in Major Technical Danger - VanEck Brazil Small-Cap ETF (ARCA:BRF), First Trust Utilities Alpha

Unfortunately, there's no shortage of plain vanilla long ETFs that are in scary technical predicaments these days. One could write 100 tickers on little slips of paper, put the papers in a hat, draw blindly and probably pullout dozens of ETFs with foreboding charts. Still, the technical pictures for some ETFs are far worse than they are for others. In these cases, the charts are almost screaming to investors “Don't buy now” or “Come back later for better prices.” Assuming the market's recent doldrums persist, the following ETFs could be in for even more downside pain than they've already experienced. Market Vectors Brazil Small-Cap ETF (NYSE:

BRF

): Under no relevant time frame has the Market Vectors Brazil Small-Cap ETF performed well this year. We're talking past week, past month, quarter, year-to-date, etc. Already down almost 33% just since May, BRF is now fighting to hold support at $40. If this area is violated, the 2010 low around $34.50 could be the next destination. Market Vectors Coal ETF (NYSE:

KOL

): The Market Vectors Coal ETF has spent the better part of two months violating a host of key technical areas. First, horizontal support at $45 failed. That was followed by the 50-day line dropping below the 200-day moving average. Then support at $37 failed. If support at $30, which KOL is currently flirting with, fails, we'll probably see the ETF back at $25 soon thereafter. IShares Dow Jones U.S. Oil Equipment Index Fund (NYSE:

IEZ

): The iShares Dow Jones U.S. Oil Equipment Index Fund is still home to great fundamentals and an impressive long-term outlook. The chart isn't as bad as BRF or KOL's, but it's not great either. IEZ must keep its head above water around $45 or risk a return to $40. A break below $40 could take the ETF back to the low $30s. PowerShares Dynamic Technology ETF (NYSE:

PTF

): The Nasdaq had been looking decent comparatively speaking until last week and that helped PTF a little bit. However, if this ETF cannot stay above $20, a retreat to the $16-$17 is possible. Unfortunately, options are not available on this fund. First Trust AlphaDEX Utilities Fund (NYSE:

FXU

): In the case of the First Trust AlphaDEX Utilities Fund, it's not that we expect a major decline immediately. Nor is that we're suddenly bearish on utilities, though the group is probably a tad overbought. The issue here is just a messy chart. There is some resistance just below $17.50 and assuming that is broken, FXU would have to fight a previous double top at $18.50. Worst case scenario is the ETF could challenge support at $15 if the market collapses further.

BRFVanEck Brazil Small-Cap ETF

$17.23-2.52%

Overview

FXUFirst Trust Utilities AlphaDEX Fund

$48.241.39%

IEZiShares U.S. Oil Equipment & Services ETF

$30.940.55%

PTFInvesco Dorsey Wright Technology Momentum ETF

$136.680.90%

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