2 Sectors To Watch With The Market On The Move
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ETF Trade Watch
Yesterday seemed to have broken the lull the market had found itself in after a couple massive moves late in the day. This translated to heightened volatility to close out the market, and perhaps, putting the market back on the move. Whatever direction the market decides to move, we will be ready to find high probability trades. Check out the video below for some breakdown of the market as well as what sectors my Smart Trades students and I are watching, but more importantly, why we are watching them.
VanEck Semiconductor ETF (SMH)
Semiconductors seem to have some extra boost pushing them higher as the SMH is up by 15% over the past month.
This performance is powered by individual names like Taiwan Semiconductor (TSM), Nvidia (NVDA), as well as Broadcom (AVGO). The global chip shortage has brought fresh attention to any company that manufactures semis, so this area of the market should be in play for the better part of 2023.
Consumer Discretionary Select Sector SPDR ETF (XLY)
Consumer Discretionary is another area of the market to keep your eyes on. If consumer confidence and spending remains elevated, then this area of the market should continue in line with its performance over the last month, increasing by more than 10%.
Names to know if you are watching this ETF are stocks like Amazon (AMZN), Tesla (TSLA), and Home Depot (HD).
Check out the video below for an even more in depth breakdown of what I’m currently seeing in the market.
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…
