These 2 Sectors Continue To Edge The Market Higher
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ETF Trade Watch
Technology Select Sector SPDR ETF (XLK)
The Tech Sector has been moving fast and furious, taking out level after level and providing some much needed fuel to this market rally. The stocks to watch in this ETF are the typical names that come to mind, Apple (AAPL), Microsoft (MSFT), and even Visa (V) or Nvidia (NVDA), which have been on nice runs too. As long as these stocks continue to move higher, be on watch for XLK to rise with the tides.
Vanguard Communication Services ETF (VOX)
Another ETF that has its roots in technology is the Communications Services sector. Looking at the Vanguard Communication Services ETF (VOX), we can see a sector that also has been on a hot streak after rising by more than 17% in the past month. This ETF is powered by names like Alphabet (GOOGL) and Meta (META), which have caught the attention of Wall Street and Main Street as the prices race higher. Investors seemed to have found an appetite for all the discount taking place in this sector and traders are joining in on a trended market.
Look for both sectors to perform well as the overall market continues to rally. However, the same is true for the other direction as well. Should the rally be just another bear market rally, these sectors would likely give back much of their gains.
If you want to join my students and I as we learn how to look at sector ETFs for our trades then you’ll want to become a member of my Smart Trades options trading service. Not only will you get all my trades, but you’ll also be a part of a growing community of like-minded traders looking to learn and hone their options trading skills.
I look forward to trading with you, but until then, as always…
