BOTZ - 1 out of 3 ETF reviews that I added to ETF watchlist
Stage two uptrend but also tighter moves and over the 500 K avg daily volume on scans .
I am uncertain as to whether or not I will trade it but I like this stage two uptrend for is lack of volatility compared to some other notable stage two breakouts in europe , gold , and emerging markets ETFs .
But there are also two others etfs I noticed, next one is the only Bitcoin miner etf I could find , WGMI.
I am not a bitcoin/crypto fan but price is price and a trend is a trend and it would seem Bitcoin is in one of the stronger yielding stage two uptrends at this time and lots of miner related stocks are breaking out and have had much larger gains than the % gain bitcoin has had . I think that WGMI might be a good way to gain exposure to these miners without quite as much gap risk ... Also it has better price structure than some of the stocks I compared it to . I looked at HIVE, HUT, RIOT, MARA, CAN, and CIFR. WGMI , the etf, has better price structure than half of those stocks. If I wanted to trade one of those stocks I would pick RIOT , but its way below its GLB breakout area and I am not permitted to trade those names , any stocks I trade must be above their GLB but I do think that bitcoin miners are starting to look pretty nice and I think that I can gain exposure to them through WGMI. One of the things that I did not like about WGMI is its low volume , I really don't like trading stuff that gets below 500k avg daily volume so I might just stay away , undecided .... many of the stocks are pretty high short levels/ratios and the futures positioning is betting on bearish
The last one that stands out is DBC , which is the agriculture ETF ... Lots of basing never really had a stage 4 , maybe it might be breaking up maybe not , seems like with some follow-through , future wedge drop n pops could be a good tactic .
One last thing , most stuff is lagging behind these names when you look at them on the weekly , which is the time frame I used to section out these three ETFs . Europe / GOLD / and emerging markets also stood out but are more volatile....also am slightly long XLC and want to stay focused on it it is stays on Stage two upTrend ..XHB ( homebuilders ) also on stage two ETF list.
I am uncertain as to whether or not I will trade it but I like this stage two uptrend for is lack of volatility compared to some other notable stage two breakouts in europe , gold , and emerging markets ETFs .
But there are also two others etfs I noticed, next one is the only Bitcoin miner etf I could find , WGMI.
I am not a bitcoin/crypto fan but price is price and a trend is a trend and it would seem Bitcoin is in one of the stronger yielding stage two uptrends at this time and lots of miner related stocks are breaking out and have had much larger gains than the % gain bitcoin has had . I think that WGMI might be a good way to gain exposure to these miners without quite as much gap risk ... Also it has better price structure than some of the stocks I compared it to . I looked at HIVE, HUT, RIOT, MARA, CAN, and CIFR. WGMI , the etf, has better price structure than half of those stocks. If I wanted to trade one of those stocks I would pick RIOT , but its way below its GLB breakout area and I am not permitted to trade those names , any stocks I trade must be above their GLB but I do think that bitcoin miners are starting to look pretty nice and I think that I can gain exposure to them through WGMI. One of the things that I did not like about WGMI is its low volume , I really don't like trading stuff that gets below 500k avg daily volume so I might just stay away , undecided .... many of the stocks are pretty high short levels/ratios and the futures positioning is betting on bearish
The last one that stands out is DBC , which is the agriculture ETF ... Lots of basing never really had a stage 4 , maybe it might be breaking up maybe not , seems like with some follow-through , future wedge drop n pops could be a good tactic .
One last thing , most stuff is lagging behind these names when you look at them on the weekly , which is the time frame I used to section out these three ETFs . Europe / GOLD / and emerging markets also stood out but are more volatile....also am slightly long XLC and want to stay focused on it it is stays on Stage two upTrend ..XHB ( homebuilders ) also on stage two ETF list.
艾力克~
