Even with $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ all closing lower, this group is still holding 100% relative strength.
π Top RS Groups
π‘οΈ $Global X Cybersecurity ETF(BUG)$ β Pure Cybersecurity Software
βοΈ $Global X Cloud Computing ETF(CLOU)$ β Cloud Infrastructure & SaaS
πΏ $Amplify Seymour Cannabis ETF(CNBS)$ β Cannabis
π₯ $United States Natural Gas Fund LP(UNG)$ β Natural Gas
π $First Trust NASDAQ Cybersecurity ETF(CIBR)$ β Cybersecurity Software & Infrastructure
π» $iShares Expanded Tech-Software Sector ETF(IGV)$ β US Tech & Software
βοΈ $WisdomTree Cloud Computing Fund(WCLD)$ β Cloud Tech
The key takeaway π
Broad indexes are showing weakness, but capital is still rotating into select themes. Cybersecurity and cloud-related ETFs appear repeatedly across the strongest RS groups, while natural gas and cannabis are also showing relative strength.
π― When the major indexes weaken, relative strength matters even more.
The groups holding up now are the ones worth keeping on the watchlist for the next rotation.
Markets are always moving - and sometimes, the best move is knowing what works for you.
With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. Thereβs no one-size-fits-all choice in investing β and the same goes for Tiger Merch. This monthβs hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.
Explore the Monthly Hot Picks in Tiger Coin Mall, now 12% OFF for a limited time.
Comments