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Leveraged ETF Trends

Published 2024-07-22, 10:31 a/m
NDX
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CL
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CRWD
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In today's presentation, I discuss the current market conditions and specific stocks and leveraged ETFs. Noting that stock index futures were trading above fair value in the pre-market, indicating a potential buying trend. Commodities showed mixed performance, with gold trading higher and crude oil lower. CrowdStrike (NASDAQ:CRWD) was highlighted due to its drop below $300 in the pre-market, with a potential target of $281.25 based on previous lows. The US market saw several trend changes last week, with shifts from 3X Bull ETFs to Bear ETFs for the S&P 500, Nasdaq 100, and semiconductors. However, small-cap stocks and the energy sector remained strong, trading above their upper channel lines.

This content was originally posted on the Stock Market Timing YouTube Channel

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