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FFTY

Important week for IBD 50 - Growth traders, pay attentionThe IBD 50 broke out of its 7 month long symmetrical triangle yesterday on the daily time frame. How it finishes on Friday will be key for the weekly close The false break down in July makes me more confident that we'll see follow through to the upside. A lot of growth traders / investors hold companies in this index. Here's a link to its holdings (updated July 28 2021) ycharts.com A lot of names in there look very good - some better than others. Choose wisely. GL
AMEX:FFTYLong
by Lanmar
Is rotation to growth in the horizon? $FFTYThe Innovators ETF AMEX:FFTY is being underperforming the TVC:SPX since February. This ETF is concentrated in growth stocks; so is a good barometer for that sector of the market. I see a volatility contraction pattern (VCP) with lowering volume, classic pattern before a crazy breakout. This breakout could be upward or downward, the thing is to be reactive. At the moment its relative strength against the TVC:SPX haven't indicated anything bullish, and the price is below the 20 day and 50 day MA. I'll be waiting for confirmation. The bullish sign for me is that some tech names have been making good breakouts, like NASDAQ:CRWD , NASDAQ:UPWK and NYSE:U . For me these stocks could be the next leaders.
AMEX:FFTY
by dpuleo19