Interesting alerts/signals that occurred this week include:
- IWP – iShares Russell Mid-Cap Growth ETF accelerated on both the weekly and daily charts, breaking above the highs set in early September
- TQQQ – ProShares UltraPro QQQ ETF accelerated on increasing volume, TQQQ is a leveraged ETF so volatility should be expected.
- CLOU – Cloud Computing ETFs price action generated another alert signal this week but is building a base near the highs made in early September. Watch for a valid breakout on increasing volume.
Before entering new positions it helps to know about market action, you can view weekly videos here: https://profitableswingtrading.com
As always try to attempt new positions on ETFs already in uptrends (symbols with ADX greater than 15 or 20 and increasing).
Here is the sortable table of the top ETFs for this week:
[table id=55 /]