🔄 We Are Rotating Into THESE Sectors
Understanding this will make trading today much easier.
Sector Rotation
In my last post I talked about some concerning signs in the Advance/Decline line. Today we saw a bounce back with buying coming into different sectors than we have typically seen.
Rotation would be a good thing to give certain sectors a rest without dropping the indexes.
Let’s dive into where we are seeing rotation.
Target These Sectors
In the chart below we have all of our key sectors stack-ranked by performance since market open yesterday. This shows us where institutions put their money to work and thus where we should be focusing.
I will list the top sectors as well as the top holdings in each sector. These are the names you should focus on today.
The top 5 sectors are:
PBW - Clean Energy ETF
Top Holdings: NXT EOSE PLUG AMPX AMSC
MJ - Alternate Harvest (marijuana) ETF
Top Holdings: MJUS TLRY IIPR CRON SNDL
TAN - Solar ETF
Top Holdings: FSLR ENPH SEDG CSIQ DQ
KWEB - China Internet ETF
Top Holdings: BABA TCEHY PDD NTES MPNGF
XBI - Biotech ETF
Top Holdings: CYTK KRTX SRPT BHVN ARDX
I covered this extensively in my video below: