As the week begins, the likelihood of overbought conditions in most stocks and ETFs remains high with the SPY entering the week with an ETF PowerRating of 6, while the QQQQ earned an ETF PowerRating of 7. See what other stocks, ETFs and Leveraged ETFs are on our list today.
Semiconductors Join Technology Pullback: High Probability Strategies for Traders
Unsurprisingly, a number of semiconductor ETFs have slipped from their highs and have joined the broader pullback in technology. Take a look at these funds, which are very much worth watching over the next few days.