π ARKK Still Below Support
π Daily ETF Overview
We've been discussing all the failed breakdowns we're seeing in the equity market this week following tempering of geopolitical conditions.
One area that hasn't fully recovered is the ARK Innovation ETF $ARKK, which still remains below all this broken support.
As a barometer of stocks deep in the risk curve, we'd like to ARKK to reclaim the 70 level.
Here's what else stands out today.
π USA Momentum Factor $MTUM jumped 10 spots this week to #7
π The biggest gainer over 3 months? High Dividend Low Volatility $SPHD, up 17 spots
π Robotics & Artificial Intelligence $BOTZ keeps sliding β 5 consecutive weeks lower, now at #23
π At the very bottom: FinTech $FINX sits at #40 out of 40
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.
