Forget big tech, Im watching these three ETFs This week

[Chris Johnson Penny Hawk Header](   Welcome to Technical Tuseday Tuesday, April 25, 2023 Hello – Welcome to Technical Tuesday - and it’s not called that just because tech companies are reporting earnings. As we continue to make our way through earnings, the market is doing its best to stay calm. Just check out this quote, you’ll see what I mean: Well, taking a look at the headlines, such as First Republic Bank (FRC) saying deposits have dropped 40% in the first quarter and the Nasdaq underperforming due to worries about those tech earnings tells me the sunshine and rainbows could turn to dark, cloudy skies in a hurry. There’s not exactly a TON of “positive” news in the market these days, and that statement has some heavy sugarcoating… Plus, investors are trying to avoid the fate the banks have fallen to as they flock to one-month bills because the government still hasn't fixed the debt ceiling issue. By the way, it is going to get A LOT worse before it gets fixed. And the market is unsure of how to price potential Fed rate hikes - or pauses - until after the next meeting, which is coming up here next week. I think we trade sideways until then - or until another potential gray or black swan comes and pushes the market out of its sideways trading range. But, while all eyes remain on tech earnings this week, there are some other sectors that could see some action, including: - SPDR S&P Regional Banking ETF (KRE) - Consumer Staples Select Sector SPDR Fund (XLP) - Communication Services Select Sector SPDR Fund (XLC) But if you want to know how I plan on trading them, [you’ll have to join me for the Long and Short of It - starting in five minutes.]( [Click here to join me](. Chris Johnson By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Penny Hawk. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Penny Hawk | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ­ Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( [Privacy Policy]( | [Terms & Conditions](