π Failed Breakdown Alert?
π Daily ETF Overview
Overnight, a peace deal was made in the Iran war which is now opening the Strait of Hormuz for the next two weeks. The markets had already began sniffing out some sort of positive news in the days leading up to this "deadline", and many indexes have rebounded back above key levels of broken support.
Now we're closely monitoring whether charts like Technology $XLK can hold this recent momentum. If buyers can't sustain this move off the lows, the situation for equity markets becomes more dire.
Here's what else sticks out to us on our sector ETF list.
π No ETF has been stronger: Energy $PSCE gained 12 spots to reach #1
π Technology $RSPT jumped 6 spots this week to #7
π The biggest loser this week is Health Care $XLV, shedding 6 spots to land at #25
π The biggest gainer over 3 months? Utilities $PSCU, up 16 spots
π At the very bottom: Consumer Staples $PSCC sits at #30 out of 30
We may be seeing the beginning stages of leadership changing in the ETF world - from growth, cyclicals, and international outperformance. But it's not just going to be these ETFs that see the biggest gains.
It's going to be the individual stocks and commodities. After all, that's what's driving the gains from these ETFs.
Jason Perz and Sam Gatlin have just released their new Supercycle Report which is designed to profit the most from this emerging long-term trend.
They're running a discount on their service and it expires in a few days.
If you want to see how to best position yourself for this upcoming Supercycle, they do an excellent job.
