Many of the leading ETFs pulled back from overbought levels alongside the overall market action this week.
Some notable action on the leading ETFs are:
INDA, the India stock market focused ETF appears to be setting up to create a new base.
The Artificial Intelligence focused ETF, BOTZ, also appears to be setting up to create a new base.
The high-flying Uranium ETF URA took a big hit on the last day of trading this week. Perhaps watch for a new base.
The leveraged Nasdaq ETF TQQQ was also dragged down during this weeks market but is still above up-trend support levels.
Before entering new positions it helps to know about market action, you can view weekly videos here: https://profitableswingtrading.com/videos/
Watch for new potential buy signals and price levels by monitoring ETF alerts here: https://profitableswingtrading.com/all-etf-alerts-sequentially/
As always try to attempt new positions on ETFs with ADX greater than 15 or 20 and increasing.
Here is the sortable table of the top ETFs for this week:
[table id=42 /]