As long as inflation continues to surge, so should the Invesco DB Commodity Index Tracking Fund ETF (NYSE: DBC). It had gained about 40% this year and appears to be breaking out.
In the stock market, levels that had been support can convert into resistance levels. This may have just happened with the Financial Select Sector SPDR Fund ETF (NYSE: XLF), which means it may trend lower.
Cathie Wood-led Ark Investment Management added more Tesla Inc (NASDAQ: TSLA) stock to its portfolio on Tuesday, raising its exposure to the electric vehicle maker for the fourth time this month.
The Technology Select Sector SPDR Fund ETF (NYSE: XLK) tracks the tech sector of the market. It has run into resistance, which means the stage may be set for the rebound to end or pause.
Popular stock picker Cathie Wood’s Ark Invest on Thursday initiated a new exposure in Nvidia Inc (NASDAQ: NVDA) just seven months after it had exited all of its stake in the graphics chipmaker.
Retail stocks have been getting crushed. But that may be about to end. As you can see on the below chart, the SPDR S&P Retail ETF (NYSE: XRT), which tracks stocks in the retail sector, has broken its recent downtrend line. This means the selloff may be over.
Cathie Wood-led Ark Investment Management scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE:
Cathie Wood-led Ark Investment Management on Tuesday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip. &