The long-term indicators suggest an intact primary uptrend, making buying on pullbacks the preferred strategy. However, short-term indicators are declining, prompting investors to exercise patience until conditions improve before deploying new capital. In the meantime, focusing on unleveraged funds with strong Demand gains and long-term breakout potential is recommended. A filter analysis of the ETF database identified the VanEck Junior Gold Miners ETF (GDXJ) and the iShares Semiconductor ETF (SOXX) as promising options.
Research, Technical
On the Verge
04 October 2024