π Software Looks Ready to Move
π Daily ETF Overview
For this week's thematic table we can't help but notice that the ARK Next Generation Internet ETF $ARKW has transitioned from red to green.
Looking at the chart, it's flirting with the AVWAP from its 52-week high.
This ETF essentially tracks a more speculative basket of software stocks.
It makes sense this particular fund is catching a bid, because Software $IGV just made three-month highs.
The trend is shifting for this group, and while many areas of the market have gone vertical software hasn't been one of them.
There's still plenty of room to work higher.
This month, the SEC voted to change a rule that prevented everyday traders from day trading.
Now you can make a day's pay in just two hours with as little as $2,000.
Kenny Glick has had some major recent winners, like a 4.3% gain in $STZ that resulted in a $6,500 net profit in just three minutes.
Kenny hosted a trader briefing on this rule change and the daily routine you need to trade both sides of this market throughout this earnings cycle.
