Top ETFs of the Week (chart)

 Hey Trader, Futures are down this morning as the new jobs data came out. Both the Nasdaq and S&P 500 are down more than -1%. The last 3 days the S&P 500 was bumping up against the 20 day EMA and could not punch through. This morning's action is a rejection showing signs of lower prices. Energy and cannabis led the way this week although cannabis ETFs should come with an asterisk. Yesterday Biden announced a pardon on individuals with cannabis charges which shot the YOLO ETF up 27% on yesterday alone punching it through the 50 day SMA for the first time in several months. Even though this is a big move and one to be watched, I am not putting much stock into it. The fundamentals for the industry is still awful and the chart doesn't look any better. I would wait to let this week's bar retrace a little bit and see if it can come back to take out this week's high. [SEE YOLO CHART]( The only thing that is really up pre market is oil. Some of these ETFs are looking like a double bottom and could break out soon. I would keep these ETFs on your watch list. Initially, it looked like they would roll over but they came back strong this week as OPEC cut production. [SEE IEZ CHART]( Trade with a PLAN!!! Sincerely, Steven Cawiezell support@thetradersplan.com  Disclosure:  You are responsible for your own trading decisions. ALWAYS, do your own research before investing in any of the above securities. This is not a solicitation to buy/sell ETFs or securities. NEVER invest money in ETFs or stocks that you can't afford to lose. You can lose all of your capital by trading any securities mentioned. These ETFs/securities are very volatile and gain and lose value quickly. We reserve the right to freely trade in any mentioned ETFs or securities. We are not compensated by any mentioned companies. We recommend ETFs and securities based on our opinion of intrinsic/possible future value only. We are not registered investment advisors, so always do you own research before buying any recommended securities. Sent to: {EMAIL} The Trader's Plan Publishing, Main Street, Russellville, Arkansas 72801, United States Don't want future emails? [Unsubscribe](