Check these ETF’s to get a sense of the market posture – up, down, sideways.
SPY – The SPDR S&P 500 ETF Trust is an exchange-traded fund which trades on the NYSE Arca under the symbol SPY. The ETF is designed to track the S&P 500 index by holding a portfolio comprising all 500 companies on the index.
Note: In order to have a sustained rally, you want to see a rally in the financial sector so check the ETF – XLY
QQQ – The Invesco QQQ Trust (QQQ) is an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index, which is made up of 100 of the largest non-financial companies.
Note: In order to have a sustained rally, you want to see a rally in the semiconductor sector so check the ETF‘s – XSD, SMH and Indexes – SOX, NDX
DIA – The Trust’s Portfolio consists of substantially all of the component common stocks that comprise the DJIA
IWM – The iShares Russell 2000 ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities