In this video, I’m diving into the world of ETFs and stocks using technical analysis. This means I’m looking at charts to identify patterns that might tell me where a stock or ETF is headed.
The key for me is finding trends. I want to see stocks and ETFs that are consistently moving upwards, both on their daily and weekly charts. That tells me there’s some momentum behind them. Another good sign is a clean breakout. Imagine a stock has been trading in a specific price range for a while. If it suddenly breaks out of that range with a surge in buying volume, that could be a signal it’s about to make a big move. Speaking of volume, that’s another big piece of the puzzle. Strong buying volume when a stock or ETF is breaking out or climbing higher tells me there’s real interest from investors. It suggests the upward trend might have some legs.
There are definitely some red flags to watch out for too. First and foremost, I avoid stocks or ETFs that are clearly trending downwards. That’s a recipe for losses. Similarly, choppy price patterns make me nervous. If a stock’s price is all over the place, it’s hard to predict what it will do next. Heavy selling volume is another bad sign. If a stock or ETF breaks down with a lot of selling behind it, that suggests investors are losing faith and getting out. Finally, I try to stick with stocks that are trading above their 50-day moving average. This is a technical indicator that can help identify stocks that are generally in an uptrend.
The key takeaway here is to let your winning trades run. If a stock is moving in your favor, don’t be afraid to hold on and see where it goes. But remember, it’s also important to take profits along the way to manage your risk. And finally, using a combination of daily and weekly charts can give you a more complete picture of what’s happening with a stock or ETF.
ETFs on our list: ARKG, ARKK, ARKW, BBH, CLOU, ERX, FDN, FFTY, GDX, GDXJ, GLD, HACK, IBB, IBUY, IGV, IHI, IJH, ITB, IVW, JETS, KRE, MDY, OIH, PSJ, QLD, QQQ, SKYY, SLV, SLX, SMH, SOXL, SPY, SSO, TAN, TNA, USO, XAR, XBI, XEC, XHB, XLB, XLK, XOP, XLC, XLE, XLF, XLI, XLP, XLU, XLY, XME, XRT, and XSW. Scanning these ETFs to uncover strength helps us tune in to specific industry groups and sectors.
The MAXLIST Review analyzes the performance of the following companies: AAPL, AMZN, BABA, BIDU, GOOGL, GS, MA, META, MSFT, NFLX, NVDA, SQ and TSLA. We evaluate their strengths and weaknesses in the market and identify the opportunities and threats they face. The MAXLIST consists of leading and influential businesses that have the potential to generate significant returns
