ICLN - Clean Energy ETF - sector analysis, long setupICLN is setting up well on the monthly charts.
Points for consideration:
1. Price above 20 Day, 20 week and 5 month MA. This should act as a nice support zone
2. 200 Day Moving Average right above us that could act as potential resistance.
3. RSI is crucial zones and positive structure
4. Break above 200 Day MA will be seen as very bullish on daily/weekly close basis
Other ETFs in the same Clean Energy space are as below
1. PBW, TAN, CNRG, ACES, PBD,ICLN, QCLN, SMOG, FAN, NLR, GRID
2. Except NLR and GRID, all the others are below their 200 Day MA.
3. All the above ETFs have shown recent strength and above their 9 day and 20 Day MAs
From a sector ETF Relative Ranking Perspective, these are my current Rankings on relative strength basis (as on 15th Oct 2021 business close basis) and this is dynamic with price changes
ETF Name Ticker Strength Score Rank
iShares Global Clean Energy ETF ICLN 60.00% 5
Invesco WilderHill Clean Energy ETF PBW 20.00% 8
Invesco Solar ETF TAN 100.00% 1
SPDR S&P Kensho Clean Power ETF CNRG 90.00% 2
ALPS Clean Energy ETF ACES 80.00% 3
Invesco Global Clean Energy ETF PBD 30.00% 7
First Trust NQClean Edge Green Energy Idx Fd ETF QCLN 70.00% 4
VanEck Low Carbon Energy ETF SMOG 40.00% 6
First Trust NQ Clean Edge Smart Grid Infra Idx ETF GRID 10.00% 10
First Trust Global Wind Energy ETF FAN 20.00% 8
Will be preparing my views on the top 5 ETFs in this space based on the above relative strengths and will link them for your views and observations
Stocks to look for currently in this sector are as follows
1. RUN
2. JKS
3. PLUG
4. BWEN
5. SEDG
6. ENPH
7.TPIC
8. FSLR
9. FCEL
10. EVA
11. REX
12. AY
13. ORA
14. TPIC
15. EVA
16. CVA
AQN is currently showing a potential for downward break below its 52 week low, while TPIC, EVA and CVA are very close to their 52 week high
Interesting sector, has been all around the place so far.
Etfs
BTC ETF is near, SEC deciding soon!!Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
A bitcoin exchange-traded fund (ETF) based on futures looks increasingly likely to be approved by the U.S Securities and Exchange Commission this month, pushing the market more than 30% higher this month and almost reaching $60k level and with the possibility of the first Bitcoin futures ETFs being launched as early as next week, bullish sentiment is soaring. This marks a major milestone after nearly a decade of fielding crypto ETF applications.
Replaying to the Dollar, BTC has reached $59.8k Which is the highest value for BTC since the mid of May
The regulator isn’t likely to delay the products’ introduction to trading next week, But a decline is possible until the decision is final. These ideas, which are based on futures contracts, offer "substantial investor safeguards" that differ from Bitcoin ETF filings previously rejected by the SEC.
The futures product is likely to be the first one approved since they are viewed more favorably by regulators. Futures are governed by the Chicago Mercantile Exchange (CME) and require investors to put down cash on margin to trade them.
Possible Scenario for the market :
This push will probably lead the price to the $60k level, If that is to happen the Bulls will see this as a confirmation of how much power they hold over the market right now and they will be aiming to hit the resistance level at 61692.00 this week. But never forget that when a market is going under a big decision we might see a wide range of movements that might seems Bullish or Bearish until a decision has been made.
If a Bearish movement happens it will probably reach the support level at 56665.00 and might extend to the 55072.00 level.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish signs)
2) The ADX is at 26.31 showing that the market is trending with a positive crossover between DI+ (26.04) and DI- (13.00)
3) The MACD is above the 0 zero line indicating that the market is Bullish with a positive crossover between the MACD line and the Signal line
Daily Support & Resistance points :
support Resistance
1) 56665.0 1) 58258.0
2) 55976.0 2) 59162.0
3) 55072.0 3) 59851.0
Weekly Support & Resistance points :
support Resistance
1) 49286.0 1) 58335.0
2) 43594.0 2) 61692.0
3) 40237.0 3) 67384.0
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
$QQQInvesco QQQ is an exchange-traded fund that tracks the Nasdaq-100 Index™.
The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap.
The Invesco QQQ Trust has been delivering superior returns for several years, easily outperforming SPY and other S&P 500 funds.
QQQ has been rising high for so long that it's only natural to wonder if it's due for a correction. Unless you count the very brief correction of 2020, tech stocks have been in a raging bull market for over a decade. QQQ - which tracks the NASDAQ-100 - has been a main beneficiary of that trend.
According to Invesco, the average bull market lasts 4.83 years.
QQQ has been mostly rising for more than twice that time.
History would tend to suggest that it's in for a possible correction.
So, lets take a look at the technicals.
QQQ is currently sitting in a upwards channel which ended up bouncing off support on the daily.
It’s a good idea to keep your eyes on this chart especially if price ends up breaking support or resistance which can give you a good idea of where the future will lie.
RSI recently out of oversold territory
MACD curling w/ a expectation of a continuation up.
Watchlist this.
Oil ETF, $OIH with a "head & shoulders" patternA lot of analyst have been publishing bullish outlooks for AMEX:XLE . But we have AMEX:OIH in our portfolio for long term position and now is also making several bullish signs. Bullish divergence with the MACD, above average buying volume and price action making a head & shoulders pattern (reversal pattern).
This trade would be a short term trade. The buy point is on the breakout above $197 and the target for profit taking is at $230 for a 16% profit. The projection for price target comes from the rules of the "h&s" pattern. According to the Bulkowski Chart Pattern Ranking (thepatternsite.com), this pattern is Rank #1 with a 50% chances of a throwback after the breakout, so be aware.
BDRY Expected to Rally Towards 38.50Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The ETF BDRY held its overall uptrend despite failing to break through the 30.75 resistance level on the previous two occasions. Support for BDRY is observed around the 23 price level. Expectations are for the ETF to break above 30.75 resistance on its 3rd attempt and rally towards 38.50. To negate this view BDRY needs to decline towards the 22.75 price level.
Technical Indicators
BDRY is currently above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The moving averages are trending higher as the short term MA is trading above the medium term MA and the medium term MA is trading above the long term MA. Also there has been a positive crossover on the short and medium term MAs. BDRY’s RSI is above the 50 level and there has been a positive crossover on the KST.
Recommendation
The recommendation will be to go long at market, with a stop loss at 22.75 and a target of 38.50. This produces a risk/reward ratio of 1.46.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
ETF Picks For The Next 5 YearsI don't post about stocks or ETF's very often. I got into investing via crypto - and my intention wasn't necessarily to make money either. I had lost faith in the current model of our banking system, and became inspired by what I saw as an alternative. That alternative also ended up being a good financial decision. Ironically (I say this because most investors and traders own a smaller percentage in crypto), my stocks only make up around 2-3% of my portfolio.
There are two reasons I've begun investing a little into the stock market (mostly via ETF's) since I pulled my inital risk from crypto:
1) I'm testing to see if my strategy for crypto (buying into fear, dollar-cost-avergaing, and being extremely patient) will work with regard to the stock market, and perhaps benefit me financially.
2) I genuinely support the marijuana industry and the clean energy industry. Yes, nuclear is considered to be "clean" energy. I picked nuclear because it's flying under the radar, at least in terms of what's "hot" right now.
Looking at the weed industry
Weed is currently a $60 Billion industry. That's actually larger than Tobacco. So, is it still undervalued? I think yes, since tobacco has significantly fewer uses. But let's look at something that's more widespread AND less healthy: Alcohol. The global alcohol industry is worth around $1.4 TRILLION. With that in mind, I think it's fair to assume weed can eventually become at least half as big. It won't be consumed in such large quantities, but I think the uses and applications for it will be quite widespread. What does this mean? It means the value of the Weed sector can grow at least 10x, and it can happen over the next decade. The $170 target is shown on the chart. However, MJ is not in a bull market yet. Despite this, I have been adding slowly. My trendlines show that this could be a decent place to buy. Horizontal supports are also outlined.
Looking at Nuclear
The safety of nuclear power facilities has dramatically increased. Interestingly, URA had been in a severe slump since the Fukushima incident. URA ultimately found a bottom, and is now in a bullish trend, with a golden cross on the weekly. I'm targeting all-time highs. The first big pullback is underway, after the recent incident at the Chinese nuclear facility. My first entry was near $15, but I am slowly buying dips. I also added a small URNM position, which comprises companies that hold physical Uranium. It may perform slightly better.
Of course, I may be wrong. This is why I'm buying slowly and cautiously, rather than piling in all at once. That seems to work with the slow-moving stock market.
I also have invested a little into some other clean energy sectors: solar, hydro, and wind.
Let's see what happens! Certainly not much fervor surrounding these ETF's at the moment, but it's always best to prepare, rather than react emotionally. Definitely learned that from crypto.
This is not financial advice. This is for my personal record, speculation, and entertainment only.
-Victor Cobra
JETS ETF Bullish inclined Naked Puts 10 Sep Expiry (Sep Track 2)This is the first month I'm breaking up my trades into 2 tracks to spread risk and provide myself with more room to navigate depending on the market situation.
I'm back bullish in JETS as it seems like the US is taking the virus in it's stride, even with Delta cases rising fast. Any virus precautions and restrictions while limiting are not new to business owners or consumers. Leisure and hospitality as an industry is opening up fast, Increasing pay and benefits to lure people back.
As more people get vaccinated and business returns, I think we should experience a jolt of green in this sector.
Sold 250 Puts @ 0.21 Strike 20
% to Strike is 13% from entry
ATR percentile is a high so I think we are at a pretty decent price
Rising RSI, tied to an uptrend of lower highs
Total BP Block: 50K
Energy flashing a buy signal (Technical Analysis)AMEX:XLE
NYMEX:CL1!
NYSE:XOM NYSE:AMPY
Energy stocks, crude oil, and the XLE energy ETF all flashing buy signals. $100 oil looks invitable.
From failed moves come fast moves, and oil/energy stocks failed an attempted breakdown below the neckline.
A few favorite long ideas: $LPI, $AMPY, $XLE, CL1 (futures), $XOM
Weekly Bearish Engulfing On The Real Estate SectorThis Real estate ETF looks like it's ready to rollover on the weekly timeframe due to it bearishly engulfing, being at a 1.272 fib extension, and the RSI trendline being broken after reaching overbought.
I will either be looking to buy puts in VNQ tomorrow or i will be looking to purchase shares of the 3x Ultra Short Real Estate ETF $DRV
$BLK: The Undisputed Heavy WeightAs we look forward into the future we may continue to see Blackrock's influence grow from an asset management company into something far greater. With deep pockets and potentially blue skies for the market along with a rising rate environment, we'll see if $BLK can get it done in the weeks / months / years to come.
The Safest Way to Short The Stock MarketIn this video we explain Inverse ETFs as a tool to gain short exposure to the stock market. These can be used as a tool to profit directly from market or as a hedge to protect your stock portfolio in times of market volatility.
Let us know your thoughts in the comments below! Have you ever invested using one of these ETFs?
Price Channel Trading StrategyCharacteristics:
Channels are banded current trend-following indicators.
Similar to other indicators they lagging.
They have an upper and a lower line.
Upper and lower bands are at equal distance from a middle line.
The area between the upper and lower lines in the channel.
Signals:
The upper or lower line breakouts.
The upper and lower lines bounce backs.
Channels can be seen in trendy or sideways markets.
Different types of channels will be discussed in other videos like:
Donchain Channels
Keltner Channels
Fibonacci channels
.
.
Six ETFs with an interesting thesisDiversifying your strategy
There are lots of ways to "win" at investing. For diversification, it can be useful to bet on a lot of different strategies, because often when one strategy starts to go wrong, another will start to go right.
But unless you're an expert coder with a lot of free time, you probably can't actively manage multiple different strategies yourself. That's where ETFs come in. ETFs can be great for diversifying your strategy without the hassle of actively managing your portfolio yourself.
In this post, I'll look at several different ETFs that have a novel and interesting investing thesis. I don't necessarily endorse all of these, but I think they're worth a look.
1. The Sparkline Intangible Value ETF
I've been following Sparkline for a while now, and they consistently put out some of the best investing research I've seen. Basically, Sparkline's thesis is that traditional metrics of value-- especially the price-to-book ratio-- don't work anymore in our technology-driven economy. More and more, what determines a company's value are "intangibles" like patents, talent, network effects, branding, and customer loyalty.
Sparkline has developed ways to "measure" each of these intangible categories. For instance, a good proxy for "talent" is how many PhDs and Ivy Leaguers are employed at a firm. Sparkline plugs these variables into a machine learning model to come up with a sense of which firms are a good "value" when you include intangibles in the calculation.
I've been reading this research for months and scratching my head trying to figure out how to implement it in my own investing, so I was pretty excited when they launched an ETF at the end of last month.
Top holdings of $ITAN include the FAANGM stocks, Nvidia, Intel, and Cisco. It's tech heavy, but you've also got other sectors well represented, from communications and pharmaceuticals to banks, retail stores, and automakers.
We only have a few days of data for $ITAN, so it's pretty meaningless to compare returns, but it has so far underperformed the index with a return of 1.7% vs. 3.1% for $SPY.
2. The iShares MSCI USA Momentum Factor ETF
In the scientific literature on technical analysis, one of the only indicators that seems to actually beat the market is momentum. The iShares Momentum Factor ETF buys large- and mid-cap stocks with high price momentum. Now, it may be that momentum will stop working at some point in the future, because market conditions change. But for now, it seems to work. $MTUM has returned 280% since its inception in 2013, compared to 235% for $SPY.
3. iShares MSCI USA Quality Factor ETF
Also a strong performer in the quantitative investing literature is the "quality" factor. Quality is defined as "high return on equity, stable year-over-year earnings growth, and low financial leverage." In other words, non-capital-intensive businesses with stable growth and low debt. The $QUAL ETF does a pretty decent job achieving sector-neutral exposure to the quality factor. To be honest, it tends to be a little expensive in terms of the price multiples of the stocks it buys. Maybe wait for a dip? $QUAL has returned 212% since inception, vs. 204% for $SPY.
4. Freedom 100 Emerging Markets ETF
Let's say you want exposure to emerging markets, but you're worried about exposure to China or other bad-actor governments. The Freedom 100 ETF may be what you're looking for. Heavily weighted toward Taiwan, South Korea, Chile, and Poland, $FRDM is based on quantitative econ research that shows that countries with higher "economic freedom" scores tend to experience greater prosperity and economic growth. Thus, $FRDM makes active "freedom-weighted" bets on emerging markets: "Country selection and weights are based on composite freedom scores derived from 76 quantitative variables measuring each country’s level of protection for both personal and economic freedoms."
Think of this like the ESG emerging markets fund. Since inception, $FRDM has returned 34% vs. 32% for $EEM.
5. Pacer 100 Cash Cows 100 ETF
Companies these days use a lot of fuzzy accounting: EBITDA and adjusted EBITDA in particular. Usually P/E ratios are calculated with non-GAAP earnings measures that have been heavily adjusted. This makes modeling and forecasting easier, because non-GAAP earnings are a lot less "lumpy" than GAAP earnings are. But if you want to invest based on "real" earnings and "real" value, you should really be using GAAP earnings or free cash flow. Free cash flow is the cash remaining after expenses, interest, taxes, and long-term investments. The companies that generate a lot of free cash flow are the ones that are genuinely profitable, and not just profitable on paper. Investing in free cash flow is the thesis behind the Pacer 100 Cash Cows ETF.
Free cash flow can be used for capital expenditures like R&D, for paying dividends, for buying back shares, or for acquiring other companies. Having lots of free cash flow is especially beneficial in a bear market, when asset prices are cheap and credit is tight. Why? Because a bear market is a great opportunity for a cash-rich company to buy back shares or snap up assets at an extremely low price. Just look at how the Pacer Cash Cows ETF outperformed the S&P 500 during the recovery from the Covid-19 pandemic:
M&A deals and cheap share buybacks helped propel the cash cows to stardom. But you can also see that during bull markets with high valuation multiples, the cash cows have lagged. $COWZ has returned just 93% vs. 112% for $SPY. I worry that $COWZ, like lots of value ETFs, is exiting stocks too quickly rather than holding them to maturity. Since it only holds the 100 cheapest FCF stocks at a time, it ends up only keeping the ones that stay cheap, which may be the lowest quality companies. You might do better to just buy some of $COWZ's higher-quality holdings and hold them forever.
6. Invesco S&P 500 Equal Weight ETF
Over the long run, the equal-weighted S&P 500 index has outperformed the cap-weighted S&P 500 index. There may be a few reasons for that.
First, base effects mean that small companies can grow faster in percentage terms than large ones.
Second, investors pay a premium for big companies because they perceive them as lower risk. But if you average the risk across a lot of small companies, it's a lot less risky and you end up getting a discounted price overall.
Third, cap-weighted indexes are kind of nuts, if you think about it. We're going to buy the most expensive companies, making them even more expensive. We're going to broadcast exactly what we intend to buy, and the basis on which we're making that decision. And literally everyone in the market is going to pile into this trade. Here's the problem: this system can be gamed . All you need is, for instance, a subreddit full of rowdy retail traders to realize that they can pump some tiny stock like GameStop up to an extremely high market cap, and then the indexes will be forced to buy it. Cap-weighted indexes probably get bullied into buying a lot of overpriced companies like Tesla that might not actually be good value for money. Buying equal weight avoids this exploit.
What are your favorite ETFs?
I'm always on the hunt for a good new strategy or investing thesis and would love to hear from you. What are your favorite ETFs? What's an ETF with an interesting thesis? What ETFs might be good for diversification, or might hold up well if market conditions change?
Investing or Trading?Hi, Im Riley...and in this article I want to discuss the topic of investing vs trading. A lot of people reading this probably are already leaning towards trading over investing. In this brief educational article, I want to share some key knowledge that I've been withholding from the Tradingview community ever since I started publishing indicators on this website.
What is this knowledge? In one word: ETFs. I discovered trading at a very young age (18)...and when I did, I was truly astounded at the technical analysis side of it. Now I'm 20 years old, and after 2 years of intense studying of trading the finanical markets...I've come to the conclusion that investing is an equally effective if not better alternative than trading. Specically, investing in ETFs.
To this date, I haven't actually traded yet...(cause I still live with my parents lol, and brokers generally want proof you live on your own before you start trading)... but I have lots of knowledge through reading hundreds of trading articles online, watching hundreds of trading videos, and creating indicators for the TV community over the past 2 yrs. So now that I've established my reputation, lets talk about ETFs and why they're so good...
ETFs...Exchange Traded Funds. What are they? An ETF is essentially a collection of stocks all compiled into one security that you (the investor) can buy at an affordable price. Take for example the S&P500 ETF , "SPY", probably the most well known ETF . It consists of 500 US stocks. Currently it costs $434 per unit (as I'm writing this article). That means you can buy this ETF for under $500 and get exposure to 500 different stocks. Effectively, you are diversifying your risk because now you have limited exposure to any individual stock within that 500 stock portfolio. You have effectively bought the stock market!
ETFs incur low commission fees...Why? because you only have to buy it once and hold on to it for the rest of your life until you decide to retire. Generally, they are also a much safer way of making profits in the finanical markets than trading. Whats so awesome about ETF investing is that the stock market as a whole is very predictable in the long run...it always goes up! Thats what ETF investing takes advantage of...long term and predictable gains.
I've done a lot of research on my own into different forms of trading...CFDs & futures trading, stock trading, and option trading. And something I want to note is that no matter how you slice or dice it, now matter how much you can argue trading is superior to investing, one thing is for sure: trading involves LOTS of work and time spent everyday...something that investing bypasses. Plus, trading can be an emotional rollercoaster. So if your a lazy guy like me whos come to the realization that the effort spent in trading is A LOT and probably not worth it for the extra gains...than ETF investing might be a better choice for you.
Please like, comment, share, and follow me! Good luck :)
ETF - Go long on Global X MSCI China Health Care ETF ($CHIH)The Global X MSCI China Health Care ETF (CHIH) seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Health Care Sector as per the Global Industry Classification System (GICS).
Should be scanning ETFsCome Monday going to look at a position in XBI (if it has not gone too far). Pulled back and spiked at the Weekly 50% Retracement that matches with prior price action. Stop needs to be just below the low of May 11th.
The industry for this ETF is Biotech. This should make Cathie Wood happy.