2 Sectors Showing Strength In A Weak Market
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ETF Trade Watch
The market has kicked off the week with a gap down, signaling more weakness in a market that has largely stalled out from its recent rally. This weakness, however, does not mean the market is without its opportunities. We will take a look at a couple of those opportunities below.
SPDR Gold Shares (GLD)
Gold, over the past couple months, has sprung back to life, even making an attempt at over taking the coveted $2,000 mark. Since the last attempt to take this level, though, gold has lost a bit of its footing. However, weakness in the market, as well as bearish sentiment overall, gold could be making another comeback as investors start to think about “safe-haven” assets yet again.
Keep this ETF on your radar should the market continue to decline.
Amplify Transformational Data Sharing ETF (BLOK)
Rising from the ashes, the crypto market has found new life. While the market falls, crypto has stayed afloat, at least for now. After making another attempt at taking and holding $25k, the price of Bitcoin has blown off some of that steam and has settled just under that price.
The main story here is the strength of the digital asset, as well as others, compared to that of the stock market. If the crypto market continues to hold this strength, look at the ETF BLOK for a possible long play.
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