This is going to be explosive.
Summary
TLDRIn this episode of the stock market brief show, the host discusses potential market volatility and explosive moves due to tight market conditions. They analyze the impact of Federal Reserve rate cuts, the inverted yield curve, and how these factors affect small-cap stocks. The show also highlights technical indicators such as Bollinger Bands, Bullish Percent Index, and market breadth, suggesting opportunities for potential upside in mid-cap growth ETFs and utilities, while cautioning about the risks of expanding volatility.
Takeaways
- π The stock market is currently experiencing tight conditions which may lead to explosive moves, particularly in small-cap stocks that have been quiet.
- π The CME Fed Watch tool indicates a high probability of a rate cut in September, with significant economic data releases and testimonies from Jerome Powell and Janet Yellen that could influence the markets.
- π Historical patterns show that as the Federal Reserve transitions from hiking rates to cutting, market volatility tends to increase, which is a trend to watch for potential investment opportunities.
- π The iWM weekly chart illustrates the relationship between the federal funds rate and small-cap stock performance, suggesting that lower rates can boost small-cap rallies.
- π Bollinger Bands on the iWM are currently very tight, indicating potential for a significant price movement, similar to patterns seen before major market events like the 2020 pandemic and the 2018 market downturn.
- π The Bullish Percent Index for the NYSE is at its lowest in 2024, suggesting a potential broadening of market participation and a shift towards smaller and mid-cap stocks.
- π The Nisy Summation Index has shown a bullish crossover on the parabolic RS, signaling a potential change in trend which could indicate an upcoming market move.
- π The growth versus value RS line indicates a potential rotation in the market, as divergences in the RSI suggest that growth stocks may start to underperform compared to value stocks.
- π The VIX, a measure of market volatility, has shown very tight Bollinger Bands, similar to patterns seen in 2007 before significant market events, suggesting that a volatility spike could be imminent.
- π The housing market has been diverging from the S&P 500, with a deep negative correlation that historically has been followed by increased market volatility.
Q & A
What is the main topic of the 'Stock Market Brief Show' episode discussed in the transcript?
-The main topic of the episode is the analysis of the current tight market conditions that may lead to explosive moves in stock prices, using technical and intermarket analysis.
What does the CME Fed Watch tool indicate in the context of the script?
-The CME Fed Watch tool indicates the probabilities of a potential interest rate cut, which is being priced in for September, and discusses the importance of upcoming economic data and testimonies from Jerome Powell and Janet Yellen.
How does the script relate the federal funds rate to the performance of small-cap stocks?
-The script suggests that the best time to buy small-cap stocks is when money is cheap, meaning when the federal funds rate is low. It also discusses how rate cuts and inversions of the yield curve can lead to increased market volatility.
What is the significance of the Bollinger Bands mentioned in the script?
-The Bollinger Bands are a technical analysis tool that measures market volatility. When the bands get very tight, it indicates that price action is compressed, potentially leading to a significant price movement in the future.
What historical events are referenced in the script to illustrate the potential for market volatility?
-The script references the market conditions during the pandemic in 2020, the Christmas Eve Massacre in 2018, and the market situation in 2017 to illustrate how periods of tight Bollinger Bands have preceded significant market volatility.
What is the significance of the VIX and its Bollinger Bands in the script?
-The VIX, or fear index, measures market volatility. The script notes that the VIX's Bollinger Bands have tightened to levels not seen since 2007, suggesting a potential upcoming spike in volatility.
How does the script discuss the relationship between the housing market and the S&P 500?
-The script discusses a deep negative correlation between the housing market and the S&P 500, indicating that when these markets diverge significantly, it can lead to increased volatility and potential sell-offs.
What is the significance of the 'gamma flip line' mentioned in the script?
-The 'gamma flip line' refers to a critical price level where the market sentiment can change rapidly. If the market falls below this line, it can trigger a volatile sell-off.
What trading strategy is suggested for the Vanguard Midcap Growth ETF based on the script?
-The script suggests watching for a breakout from an ascending triangle formation in the Vanguard Midcap Growth ETF. If a breakout occurs, it could be a buying opportunity, but if the price breaks down, it would be a signal to exit or avoid the position.
What is the potential opportunity discussed in the script for the utilities sector?
-The script discusses the tightening price action in the utilities sector, suggesting that a breakout above recent highs could lead to further gains, while a breakdown below recent lows could bring the sector back to test previous support levels.
Outlines
π Market Volatility and Rate Cut Insights
The speaker discusses the potential for explosive market movements amidst tight conditions, possibly triggered by Federal Reserve actions. They highlight the importance of the CME Fed Watch tool, which indicates a rate cut in September, and the impact of Jerome Powell's and Yellen's testimonies on market volatility. Historical patterns of market behavior during rate hike cycles and pauses are analyzed, with a focus on the IWM weekly chart and its correlation with the federal funds rate and yield curve inversions. The speaker also points out opportunities for small cap investments when money is cheap and the potential risks and benefits of an upcoming rate cut.
π Technical Analysis and Market Indicators
This paragraph delves into technical analysis indicators, such as the Bollinger Bands on the IWM chart, which suggest an imminent period of high volatility due to their current tightness. The speaker compares the current market situation with historical events like the 2020 pandemic and the 2018 market contraction, noting the potential for both upward and downward explosive moves. They also discuss the significance of the Bullish Percent Index and the NYSE bullish percent index, which indicate potential market breadth and the possibility of a rotation from large-cap to smaller or mid-cap stocks. Additionally, the speaker mentions the bullish crossover on the Nisy Summation Index and the potential early signs of an upward trend.
π Housing Market Divergence and S&P 500 Analysis
The speaker examines the divergence between the housing market and the S&P 500, noting a historically negative correlation that could signal increased volatility. They provide an update on the correlation levels and discuss the implications of negative divergences in the housing market that have previously led to sell-offs. The analysis includes a tactical approach to trading the S&P 500, with specific focus on key resistance and support levels, gamma territories, and the importance of managing risk in the current market context.
π Expected Market Moves and Opportunities
The speaker outlines the expected weekly and daily moves for the S&P 500, based on implied volatility, and discusses the significance of these levels for trading strategies. They highlight the importance of being tactical, especially with the current market consolidation and the potential for a move to the upside. Specific attention is given to the Vanguard Midcap Growth ETF and the S&P Midcap ETF, which may present opportunities if the market breadth increases. The speaker advises on managing risk and being prepared for potential breakouts or breakdowns in these areas.
π Tightening Market Conditions and Utility Sector Potential
The final paragraph focuses on the tightening market conditions, particularly in the utility sector, which could indicate an upcoming significant price movement. The speaker suggests that if the market breaks to the upside, it could bounce from the 50% retracement level, while a breakdown could bring it back to previous support zones. They also mention individual utility stocks and leveraged ETFs as potential trading vehicles, emphasizing the importance of understanding these instruments before trading.
Mindmap
Keywords
π‘Stock Market Brief
π‘Volatility
π‘Technical Analysis
π‘Intermarket Analysis
π‘Federal Funds Rate
π‘Bollinger Bands
π‘Yield Curve
π‘Bullish Percent Index
π‘Parabolic SAR
π‘Growth vs. Value
π‘VIX
Highlights
Introduction to the stock market brief show discussing potential explosive market moves.
Analysis of the CME Fed Watch tool and its implications for potential rate cuts.
Importance of Jerome Powell's and Janet Yellen's testimonies on market volatility.
Review of core inflation and PPI data releases and their impact on rate cut probabilities.
Historical patterns of market volatility during transitions from rate hikes to cuts.
Technical analysis of the iWM weekly chart and its correlation with federal funds rate movements.
Identification of opportunities for small cap investments when money is cheap.
Discussion on the Bollinger Band Width and its historical tightness as a precursor to market moves.
Comparison of current market conditions with the 2020 pandemic and 2018 market contractions.
Use of technical analysis to predict potential market expansions or contractions.
Tactical approach to trading based on current market volatility and gamma levels.
Analysis of the Bullish Percent Index and its divergence from the S&P 500.
Potential market opportunities in mid-cap growth ETFs and individual stocks.
Technical setup of the MDY midcap ETF and its ascending triangle formation.
Utility sector's tightening price action and potential breakout or breakdown.
Strategic trading advice on managing risk and taking profits in the current market context.
Market opportunities in leveraged ETFs and the importance of understanding their mechanics.
Transcripts
good evening ladies and gentlemen and
welcome to another episode of the stock
market brief show we have some
interesting charts to share with you
today things are getting very very tight
to a point where we may see some very
explosive moves and names that we
haven't seen much action whatsoever so
that's what we're going to talk about on
today's stock market brief show we're
going to go over the opportunities the
risks and all that and more while we
navigate the financial markets through
the lens of Technical and intermarket
Analysis let's go ahead and get into
today's episode
[Music]
all right everybody welcome back to the
episode first I want to start off
looking at the CME fed watch tool gives
us the probabilities of a potential rate
cut and as you can see we are pricing in
that cut here in September we do have
Jerome Powell coming out for a testimony
tomorrow we have Yellen tomorrow and we
have also on Wednesday Powell as well
going into Thursday we get core
inflation datas Friday we get PPI so one
can say this could be quite the week of
data and surprises maybe perhaps when we
get some more of this information to get
closer to that July meeting we'll give
more insight whether or not we'll see
that rate cut in July now it's going to
be important to see what happens from
this probability standpoint because in
the past we we've noticed when we start
going from a rate hike cycle to a pause
and going to cutting we actually see
volatility in the markets which we've
seen multiple times I'm actually sharing
with you an iwm weekly chart here's the
federal funds rate here down here down
here is the 10year minus 3month yield
yes yes yes and you can see it's red
right now because it was inverted it's
inverted right over there and right over
here and as we start to cut rates we
begin to uninverted
some sort of volatility event and we get
some sort of spike in volatility and you
can also see that the best time to
really buy small caps as well when money
is cheap meaning the federal funds rate
is smashed down there to the ground you
can see what happened well when we
smashed to the ground we went up on a
big rally it wasn't till here where we
started to get more chop why did we see
so much chop here oh what do you know we
started raising rates there again well
we came back down we cut rates after
this big old pandemic little hit there
and then the market took off to the
upside it wasn't until we started
lifting rates again till what we started
to see some chop and volatility so one
could expect that if we do start cutting
rates and we start to un invert perhaps
that might actually hurt small cap
to the point where we see another
volatility event however there are
opportunities still here for potential
upside and that's what I want to talk
about and that's what was on this
specific thumbnail now if I look at this
specific thumbnail it's showing you the
times uh that the Ballinger bands on the
iwm got very tight right here is the
Ballinger band width it's measuring from
the high part of the band to the low
part of the band it's not displayed on
this chart okay but it's basically
showing when it goes down the bands get
tight when it goes up the bands expand
meaning price action it gets tight and
then goes crazier and starts to expand
and in times of expansion or during
times of contraction if you understand
the basic principles of technical
analysis one of them is assets or stocks
equities markets they move between
periods of
contraction and expansion so if I pull
this up and I say wow we are very tight
here on the Ballinger bands how when's
the last time we've been this this this
when price action coiled up this much
well we go back a little bit oh not this
year not that year oh not this year not
that year it wasn't until 2020 early in
2020 that the bands got very very tight
and then we saw a sudden expansion but
you might be like saying Mike but yeah
but it could be also expand to the
upsite and that's absolutely true this
could be a oneoff because it was the
pandemic but let's go back a little bit
further and it was into September
October of 2018 where we actually there
shortly there expanded to the downside
known as the the crisis or the not
crisis the Christmas Eve Massacre into
the end of December so we're going to
see a very similar situation eh I don't
know but we'll get a little bit more
into detail of what we can expect by
looking at other different charts you
can see back over here in October
november-ish area of 2017 we saw a nice
little move to the downside but we saw
then a quick rip to the upside and then
volatility came to the downside then to
the upside back to the downside right so
a lot of volatility took place there in
a short order so as the Ballinger bands
are getting tight we can assume that
it's very likely that we can see some
explosive moves whether that's to the
upside or downside I'm not too sure and
if you want proof of you know us calling
this kind of stuff out in the the past
just take a look at this tweet this was
from October 14th 2023 this is when the
nasda composite was roughly at about
13,000 we were kind of flagging out here
and what we pointed out on the weekly
time frame was wow we haven't seen the
bands from a weekly perspective contract
this much since well October of 2021 and
there shortly thereafter we expanded to
the downside on the flip side of that in
October of 2019 we saw an explosive move
to the upside as volatility expanded and
then in the Christmas Eve Massacre you
can see also here going into 2019 the B
the bands were getting very tight and we
saw that explosive move to the downside
there if you want an updated chart well
this was when we called that out and you
can see we've seen an explosive move to
roughly about 18
,500 in the nasda composite so does this
mean that you know hey is this going to
be bearish like these last times this is
going to be bullish it's too hard to
determine but one thing is certain if
price action gets tight and say if
you're bullish and it goes in your favor
you can see an expansion of volatility
at your back which could be a very
beneficial thing if it goes against your
position you can get out for minimal
risk and we'll show the iwm chart
momentarily there are still a couple
bullish things going on in like broad
markets so let's take a look at the
bullish percent index for example we
know that bad breath has been in the
market right the S&P 500 The Q's they've
been going up but yet a lot of stocks
have been going down we'll take a look
here we're actually getting a a reading
that we haven't seen and it'san the
lowest that we've seen in all of
2024 okay the lowest reading we've seen
as the Market's kind of pressing higher
and just going sideways this is the New
York Stock Exchange bullish percent
index and you can see over here we have
a low a lower low a low and a higher low
there in the RSI and these divergences
they do matter right especially during
extreme periods of time so I'm calling
this out because are we going to start
to seeing broadening breath meaning are
we going to see some of these equal
weight you know positions start to move
in our favor some of these smaller caps
midcap names start to move in our favor
and it's a possibility you see this low
right here and this low right here we'll
take a look at this low and this higher
low right there that bullish Divergence
played to the November October November
2023 bottom and played it to the upside
quite well if I do show sh my shelf next
thing is the nisy summation index today
we just got bullish crossover on the
parabolics R so what does this mean it
means that we can identify a potential
change in Trend potential change in
Trend once again a potential change in
Trend these could also be whips but in
the last couple of signals where we had
one here one here one here you can see
it's been pretty good at spotting the
turn so we spotted the turn boom it
started moving sideways going up and
spotted the turn right here here boom it
spotted the turn right here where it's
been going sideways so right now it's
starting to curl up the mlen oscillator
is above zero so that could be positive
and it could be the early signs of a
potential move to the upside which lies
well with this positive Divergence plane
with the bullish percent
index while that's taking place I
thought this was an interesting chart
too I'm looking at growth growth
relative to Value the reason why I'm
looking at this is because well there's
been a huge move
in this relative strength line okay the
the the RS line of growth versus value
so what does this mean when it goes up
like this it means growth has been
outperforming value names right and what
I'm seeing here is somewhat of a
Divergence taking place in the RSI we
saw we actually last time talked about
it when we got very extended on this
High move of the rate of change and we
said this is where you can typically get
some pullbacks in like cues and stuff
like that we did get that and then we
saw it blast back up creating another
negative Divergence both in the rate of
chance
and the RSI so if this starts coming off
that means we can potentially start to
see that rotation take place in the very
near future so let's take a look at iwm
right now so iwm has been going
absolutely nowhere right it's been
basically in a very choppy range that is
getting tighter as we speak today it was
up about 7% it was up further it was up
around 204 and you could see it's
holding on to this you know lower high
but it's also holding on to these higher
lows Trends so as price action is
getting tighter the bonds or bands are
Contracting to levels that we haven't
seen in quite some time I would say be
on Lookout if we start to break out
through that 204 to play it up to around
210 and potentially maybe even higher
you got to manage risk but if it goes
like this and breaks down also be very
mindful because you can have an
expansion of volatility right where
price gets clipped to the down side
speaking of volatility I did find this
very interesting today the vix okay
there were some big orders so I just
pulled up my charts of the vix I was
like oh yeah this was cool I remember
that the V vix Ballinger bands got very
tight here in 2024 to a level that we
haven't seen since
2007 right that means volatility has
been coming off bands have been getting
very tight it's pretty interesting stuff
and then I saw today when I was looking
at this I was like oh shoot look at this
structure right here and this structure
right here is very very similar in fact
if I pull up 2007 structure and 2024
right now you saw the bands got very
very tight that we haven't seen since
you know 2 this was where it got very
very tight and what happened after that
red line we saw a spike very suddenly
and then it started to come off we saw a
spike very suddenly and it started to
come off so it's acting actually very
similar not to say that we're going to
have the same outcome however we know
what happened shortly thereafter it's
not what you think we actually saw it go
sideways and then we saw Spike up to
around 30 okay that's where the
volatility really started to expand and
even the Ballinger bands it wasn't until
later right into 2008 where we saw the
big move in volatility up to the 77 and
I'm calling this out because if you look
at the vix today there was some pretty
large orders that hit the tape you can
see over here um $45 calls so this is a
spread so we got a pretty large size
hedge going on with upside to
potentially around 45 so as we're
talking about this the 45 would be way
up here very similar structures to what
we saw over here and then we saw this
big pop so are they prepping for a
potential move like this is there you
know a potential event going to be
taking place or is this just obviously
protection against some larger larger
portfolios I don't know but it is
something to be aware of taking place in
the background on the prior video we
talked about the housing market and how
it was diverging from the S&P 500 and we
talked about the correlation from a
weekly perspective that it's never been
really good when we get these deep
correlations well I just wanted to show
the updated chart we literally are at
almost a 0.9 well we are at almost a 1
for one but it's minus .91 on the
correlation scale which is the most
negative I've seen this correlation
dating back as long as far as we can go
back here on this specific chart into
early 2000 what you'll see is when we
get these deep negative correlations
we've seen volatility pick up there
shortly thereafter uh are we going to be
seeing the same thing you know I we'll
we'll follow up on you know the last
time we we we talked about this but but
you can see over here on just the the
daily time frame for the housing market
up top S&P 500 and we talked about these
you know negative divergences where the
market press or the market press is
higher the S&P 500 but the housing
market doesn't match and it led to some
sell-offs same with the bullish
Divergence led to rips up to the upside
and then we have this negative
Divergence currently forming there in
the housing market now the last time
that we talked about this we talked
about this specific chart this is the
S&P 500 and this is where you got to get
very tactical okay because people see
the thumbnail they see the title they
see the first part of the video and
they're like see why are you so bearish
everything's so bearish well if you
actually watch the videos it's all about
being incredibly tactical in this
specific period which you can go to the
end of the video on last video and see
we said anything above 5500 is bullish
Target 5550 and then 5600 why 5600 5600
is where all Traders are reaching out to
not all but you get my point that is the
C wall based on gamma and it wasn't
until we said get you get below 5460 or
this 5450 range that's a cause for
concern well what happened let's take a
look Kaboom we saw a massive move from
5500 which is this level right here
right we have some updated levels so
this is that 5500 level we got above it
we went to 5550 what happened we got
above it we got rejected we came back up
we got rejected and then we came through
it and now we're trading up north of
that 5600 which is much larger in size
from the last time we talked about it
and from that point I should also note
that tra Traders aren't really reaching
past 5600 in this current moment so if
we can get up there this would be the
upside Target and if Traders do not
continue to reach out further to 5600 I
would suggest we can see something very
similar to as we saw right here at 5500
which was we broke above it we came back
down we came back up we came back down
we came back up we came back down it's
not until we get into negative gamma
territory where you can see some real
cell-side activity think of it is like
walking a plank right if you get below
if you're if you're walking the plank
the plank right here jumping off is the
gamma flip line and if you jump off
you're going to be you know dealing with
some volatile Waters it's not until you
get out of the water dry up and then
potentially see volatility contract and
you start going back into an environment
where you start buying the dip selling
the rip buying the dip selling the rip
buying the dip selling the rip and we're
pretty far off of that the current flip
line right now is 5510 I would be
expecting to see this thing go up if
we're going to be floating around 5600
in the very near future now if I take a
look at the spy on the 15-minute time
frame there are going to be some
important levels to pay attention to not
only are we in positive gamma territory
we're above a rising 5-day moving
average check check that goes to the
Bulls okay is it frothy yeah sure but
it's still in bullish context okay today
was one heck of a chop day if you
managed to be in the live stream we
basically traded one time from a low
back up to the Daily V daily vwap week
to dat anchored vwat and then called it
quits there shortly after because it
just we just chopped around all day okay
waiting probably for the FED
announcement or the testimony for
yelling for more macro data to come out
which with all that said we have a
weekly upper expected move at 56123 a
lower weekly expected move at
54805 I would imagine that we're going
to be tagging one of these in the very
near future my thought would be that we
go higher given the current context but
don't be surprised if we consolidate and
go sideways just a little longer right
we went on a very strong move and now
we're flagging out consolidating our
lower daily expected move going into
tomorrow is 553 our upper daily is 557
what are these levels these levels are
based off of implied volatility right
think of them as a distribution curve
68% of the time is one standard
deviation will close within this risk
parameters if you go two standard
deviations so it would be a little bit
bigger of a move that would be 95% of
the time will close within those ranges
so when you think of things in terms of
probabilities you can create trades when
you get outside of them when you get
near them when you start to see strength
or when you start to see weakness if
you're shorting or so forth now it's
June 8th July 8th right now okay we're
going into July 9th and we're already
about up at the monthly upper expected
move for what the market price in for
the at least I believe it was let me
just let me just double check while
we're here the upper monthly expected
move for the Spy is 560 yes okay that is
correct so this is also in line closely
with the upper weekly expected move so
if we get up into these areas this would
also probably be very close and
Confluence with the uh level that we
talked about up here at 5600 so yeah
this would be a level I'd be very I'd be
very aware of of taking profits you know
in your portfolio right like this is
where if you were been been catching
this move to the upside you want to
maybe not necessarily short it cuz who
knows how high it can go but you can
potentially look to take profits update
risk parameters put on Hedges whatever
the case may be when we get up into
these ranges up here because those are
some strong moves in the last couple of
months we broke through the month-to
date move but we came right back in
right into it and then bounced from
those levels okay now let's talk about
some more opportunities in the market
that I've been kind of seeing brew and
they're getting they're starting to get
tight and I think that you need to a
little research yourself as far as what
names are in these but I'm going to
start off here this is vanguard's midcap
growth ETF now the reason why I'm
showing growth is because growth is
where the money's been flowing into
growthing names but I'm talking about
the names that maybe haven't been
getting love like some of the larger
growth names the mega cap names and this
is the midcap growth ETF by Vanguard and
if we are going to get breath into the
market perhaps these type of ETFs maybe
individual names within it can very well
benefit and you can see price actions
getting very tight you're kind of in
this ascending triangle formation so if
we can break boom we can maybe come
retest 235 and very well potentially
break from this base that it's kind of
been forming in recent time now if it
breaks down what do you do you get you
get out you watch out because if if it
wants if volatility wants to expand to
the downside let it do so and if it
comes back and recoups it'll set back up
where you can get in for a better entry
now not necessarily better as far as
price but better as far as risk to
reward is what I'm trying to say here so
that's the current structure of that
I'll also look at mdy midcap s this is
S&P this is S&P spider midcap ETF 400
based on 400 names so you can also go
into like Google the Holdings here and
see what names might show a little bit
more relative strength or so forth now
this right here is getting very tight
now I showed you the iwm earlier right
the iwm is also getting tight but it's a
little bit more sloppy than something
like this is it's getting a little bit
more tighter offering up a little bit
better risk so if you start to see a
breakout through these 535 little levels
over here right before obviously
breaking down right if you start to see
the breakout take place then you'd have
a pretty tight risk to pretty good
reward there potentially even higher in
the near future if that's going to be
the case now if we start breaking down
before we break out then obviously it's
a cause for concern and you need to let
price setion do its thing right if you
break down from here and it expands
perhaps we go reconnect with the 200 day
perhaps we go test this prior low over
here and it's just in a Range trade okay
we don't know yet so it's best to kind
of wait for some type of Confirmation
and if you enter early right if you get
into names early right be it MD be it
whatever it is you you feel comfortable
trading if it breaks down just just just
respect it respect it or have a plan of
how you're going to trade through that
time period the last one I want to go
into here as far as potential
opportunity is still utilities utilities
these last three trading days have been
getting incredibly tight right so we see
this one range candle okay I'm pointing
at this one basically specifically there
but I'm going to just draw it so we have
one range candle then we have another
range candle a little bit bigger and
then we have a smaller range candle so
price action is tightening up which
means that if it starts breaking down
from the lows we may come back into the
gold FIB Zone however if we do start
breaking to the upside we may be you
know bouncing more from this 50%
retracement that we saw from this low
measured to this high as it's been
consolidating nicely here so if you
don't want to trade xlu by itself you
can look at you know individual names
like right NE is one of the top Holdings
there Duke is another one I I forget
what these charts look like s o right
s I'm in one of them too Sr I think it
is I don't quote me on that one I
already forgot the ticker but these are
some of the names within xlu sometimes
people just like trading leveraged funds
there's utss
right utsl is like a 3X so be careful
with those understand what you're buying
if you buy if you buy a leveraged ETF
and what that actually means that's all
I got for you on today's show everybody
I hope it helps out give you some cool
insights into what the market is doing
and some opportunities there too as well
see you later
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