Goodmorning traders and investors,
NASDAQ futures are moving higher this morning trading nearly +0.81% higher. This confirms strength after a red day yesterday! A strong rebound this morning shows us an inability to break down.
Of course, things can change quickly but, that is why we listed 4 scenarios in yesterday’s report to watch.
Make sure to read yesterday’s report: Part 1
We want to go over some stocks/etfs to watch from a shorter-term momentum trading perspective.
Visit LussosResearch.com if you are not on our PAID reports.
TARK 0.00%↑ TARK is an actively-managed fund-of-fund that seeks to achieve 2x the return, for a single day, of the ARK Innovation ETF (ARKK) through swap agreements with major global financial institutions.
We want to keep this ETF on high alert tomorrow. It is a leveraged 2x the return of ARKK 0.00%↑ .
As we look at ARKK you can see that ARKK is breaking out and as long as the NASDAQ or QQQ 0.00%↑ holds above $316 then we like ARKK for a long and we like TARK for more added return.