Several Strong ETFs to take note of for the upcoming week:
Regional banking ETF KRE looks like it might signal a daily alert and a weekly alert sometime this week. After a short downtrend both the weekly and the daily time periods reset which is likely to produce a good swing trade. Also, watch for the Daily MACD to get above zero and trigger a bullish MACD crossing.
XLF is a another financial ETF that you might want to watch for a continuing move up from a short weekly trade, although don’t expect a new automatic alert because alerts were issued on the weekly chart back in January.
XLK looks a little extended at this point so if you missed the weekly alert last week this might be a higher risk trade.
SPY and QQQ continue higher after recent weekly and daily alerts.
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