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The Tech Sector took one on the chin today with the FANG stock getting hit as well. WIth the breakdown in XLK, it broke through the neckline and closed below the 200d moving average. We have to keep an eye on this to make sure it's not a bear trap, but if it continues to break down, the newsletter may want to take a short position by buying TECS.
I found this interesting table of the best and worst performing ETFs provided by morningstar. For trading purposes, you may want to keep an eye on the worst performers and see if/when there is positive price action to jump in for a corrective run. Also, watch the winners early in the year for selling, traders may have wanted to avoid the taxes in 2015 and are selling early in 2016, and could cause a breakdown.
There are numerous leveraged etfs on the market today. There are a lot of new products that trade so thinly that it's dangerous to have resting orders because of their lack of liquidity and susceptibility to wild swings Below is a list of the largest ETFs by asset size:
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AuthorBrad Price, the founder of ETF Junkie, has more than 15 years experience trading the markets. Archives
May 2017
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