Alright everyone, Pat Walker here from Mission Winners. In this video, I’m taking a deep dive into ETFs to help you identify strong and weak areas across different industry sectors. By looking at ETFs, we can get a good sense of what’s happening without getting bogged down in a million individual stock charts.
Here’s what I want you to remember:
- Follow the Leaders: Let’s focus on ETFs in sectors with strong price action and volume. This tells us that investors are interested and there’s potential growth ahead for the underlying stocks in those sectors.
- Avoid the Laggards: Don’t waste your time on sectors with weak charts or those stuck below their 50-day moving averages. These areas just aren’t in favor right now.
- Clean Entries Matter: Don’t chase stocks or ETFs with messy price action or those that gapped down on heavy volume. Ideally, we want to see breakouts above resistance with good volume to confirm the move.
- Manage Your Risk: Be cautious about jumping in right away when stocks or ETFs gap up on news or earnings. It’s often smarter to wait for a pullback and some confirmation before entering a trade.
- Open, High, Low, Close – They All Count: When I’m analyzing price bars, I pay close attention to where the price opened, reached its high, dipped to its low, and ultimately closed. A strong close near the high is bullish, while a weak close near the low is a bearish sign.
Now, let’s look at some examples:
- IBD 50 (IYW): It’s bouncing back, but the volume just isn’t there yet. This needs more power before I’d consider buying in.
- Gold (GLD): This is basing and has some potential, but it absolutely needs to lift through those resistance levels with good volume to get me interested.
- Silver (SLV): There’s a decent pullback setup here, but be careful because it previously gapped down on heavy volume.
- SPDR S&P 500 (SPY): This needs to conquer the 50-day moving average on volume for a stronger rally signal.
- Technology (XLK): Avoid this one for now. It lacks strength and is lagging behind key moving averages.
- Nvidia (NVDA): This is promising with a higher low setup, but keep upcoming earnings on your radar.
The bottom line is this: I always preach using price and volume analysis to make smart investment decisions. By focusing on leading sectors, clean entry points, and proper risk management, you can give yourself a better shot at investment success.
Remember, this is just a starting point. I’ll be releasing new content almost every day, so be sure to hit that subscribe button and check out the other videos on the channel. Thanks for watching!
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
