probably, some NASDAQ's money would find its way to Financial sector, which will pay 2.4% dividend in two weeks.
Sector ETF Leaders
- Thread starter Sigue!
- Start date
It's still early, but the best sign of rotation that I see at the moment is into Consumer Staples. As of today, the techs are officially off of my leader board, but the jury is still out with the final verdict. Will they be the lead into a broad based top (not yet evident to me) or will there be consolidation and trend continuation with rotation - as short-lived as that might end up being?
I'll emphasize that I am looking at things from a longer term perspective than many. I am working primarily off of daily and weekly timeframes (the major bull/bear trends and their intermediate retracements).
Lots of close calls involved last week which I decided to handle on the side of caution and some profit taking. Will be looking for (re)emerging leaders if we pop back up, but not taking my eyes off the sell switch. The only subsector/industry ETF I would have added is GDXJ since there isn't much to choose from in the industrial and consumer staples sector.
CASH
Should have waited to post last week until after the Sunday night futures traders placed their votes. It appears that the RBG event resulted in lowering the level of what looks to me like trading range price action. I wouldn't be surprised to see us trade between ^NDX ~10700 and ~11500 until the election. I'm watching the small caps for clues for breaking out on the high side. The Basic Materials and Industrials (how 'bout them transports?) have weathered the downturn the best, so they're on my list. More than a few bullish divergences working, but no follow-through so far. Watching PSQ, especially, when we get up in the neighborhood of ^NDX 11500. Otherwise, I'll leave the smaller moves to you daytraders. Be careful out there!
Should have waited to post last week until after the Sunday night futures traders placed their votes. It appears that the RBG event resulted in lowering the level of what looks to me like trading range price action. I wouldn't be surprised to see us trade between ^NDX ~10700 and ~11500 until the election. I'm watching the small caps for clues for breaking out on the high side. The Basic Materials and Industrials (how 'bout them transports?) have weathered the downturn the best, so they're on my list. More than a few bullish divergences working, but no follow-through so far. Watching PSQ, especially, when we get up in the neighborhood of ^NDX 11500. Otherwise, I'll leave the smaller moves to you daytraders. Be careful out there!
CASH
Current bias is bearish having turned back from the top of the range on Friday, but there are signs of developing strength in Real Estate and Financials. It will be very interesting to see how these sectors hold up if we have a few down days or choppy trading this week. Industrials are still holding up well and Utilities are (temporarily?) outperforming most other sectors which isn't unexpected in this kind of environment. And of course there is the BIG wildcard with POTUS' health. Be nimble.
Current bias is bearish having turned back from the top of the range on Friday, but there are signs of developing strength in Real Estate and Financials. It will be very interesting to see how these sectors hold up if we have a few down days or choppy trading this week. Industrials are still holding up well and Utilities are (temporarily?) outperforming most other sectors which isn't unexpected in this kind of environment. And of course there is the BIG wildcard with POTUS' health. Be nimble.
Definitely worth having in your arsenal. The only issue I have with them is the limited quote history, but I owned W for a stretch when the techs were leading.
Yeah the ARK ETFs are pretty amazing. They are really good at finding momentum names in their funds. That Kathy Smith lady is really sharp.
I owned ARKF but I think a better strategy is to just buy Square & PayPal right now since most of their holdings seem to rely somewhat on a physical presence which isn't going to work right now.
I owned ARKF but I think a better strategy is to just buy Square & PayPal right now since most of their holdings seem to rely somewhat on a physical presence which isn't going to work right now.