📈 These ETFs are Ripping

Add these to your watchlist.

Find the Leaders

The market right now is moving up, although we don’t have a wide breadth in terms of sectors that are performing well. Therefore, we need to focus on what is working.

These two ETFs are outperforming and need to be on your watchlist if they aren’t already.

I have been pounding the table on these for some time now but want to review their recent performance.

IGV

IGV is the Expanded Tech - Software Sector ETF. Its top holdings are names like ADBE, CRM, ORCL, and PANW.

The ETF is setting up beautifully. It is a textbook cup-and-handle breakout.

It is approaching all-time highs and looks poised to breakout to new highs.

There are a couple ways you can play this. You can focus on individual names within the ETF if you’d like - there are a number of holdings seeing massive buying - or you can buy the ETF if you want broader exposure.

Both tactics work though I prefer individual names at the moment because we are in a stock picker’s market.

XLK

XLK is the SPDR Tech ETF. Just under 50% of the ETF is comprised of MSFT NVDA and AAPL. I like this ETF because of its strong weighting towards these names.

With MSFT and AAPL breaking out to new all-time highs this week and NVDA reversing, the ETF is at highs as well.

You can buy the ETF or buy MSFT NVDA and/or AAPL. I expect strength to continue and have positions in all three names.

For an overview of the market and what to expect today, watch this video: