ETF Watchlist
Services was the leader of the pack last week before reversing course and falling to the bottom. This is in contrast to Industrials, which ended up as the biggest laggard last week, but now jumped to the top of our sector list to start this week. Overall, there has been a bit of a lull in terms of the sector rotation for the moment.
Two bright spots, however, have been the shiny metals we’ve been talking about with one of them giving us a 100% gain on our most recent GLD trade. As stated in a previous issue, we are also watching silver and SLV for perhaps another repeat of that 100% gainer.
One of our main watches right now for my SmartTrades service brings us over to a sector that has gotten a lot of attention this year with all thats going on in the economy.
iShares 20+ Year Treasury Bond ETF (TLT)
In terms of the TLT, we are looking for a break out to the upside. Currently, the 110 level is standing in the way of that and as you can see in the video below, TLT has been bouncing back and forth in a pretty well-defined channel.
With all the attention on the bond markets and interest rates, this could be an ETF you want to have on your watchlist to be ready for a trade that could be developing. If price does break above that 110 mark, look for a retest of this level before jumping into a long position. This will give you the best possible entry and also, lend some validation to a trade to the upside.
If you want to see all the latest trades my students and I put on for my Smart Trades options trading service, you’ll have to join today! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today!
I look forward to trading with you, but until then, as always…
