In this episode of ETF Spotlight, I speak with CNBC's "Chart Master," Carter Braxton Worth, CEO and Founder of Worth Charting, about charting basics, what the charts are currently telling us about the market, and the Worth Charting Options Income ETF WRTH.
We start with the basics. What are the first three or four things investors should focus on when they look at a chart? Charting is about the wisdom of prices, and according to Carter, unusual volume is the single most important technical indicator because volume precedes price.
Success in trading depends on many factors, including knowing when to enter and exit a position. According to Carter, entry points are absolute, but exit points are subjective.
This is one of the biggest weeks of earnings season, with Microsoft MSFT and Meta META reporting on Wednesday, followed by Apple AAPL and Amazon AMZN on Thursday. Google GOOGL and Tesla TSLA reported last week.
The market in general, and the AI trade in particular, has seen significant volatility lately, as massive capex spending, geopolitical uncertainty, and persistent inflation pressures have kept investors on edge. What do the charts say about the market's next major move?
AI has been the biggest driver of the market for the past few years, but leadership within the AI ecosystem has continued to shift. There has been a wide divergence in performance among the Magnificent Seven this year.
According to Carter, Apple looks particularly compelling based on the charts, but he is less positive on the broader tech trade, including semiconductors.
Gold has lost some of its shine this year after an outstanding run over the past couple of years, but Carter believes long-term investors can use this pullback as a buying opportunity. The SPDR Gold MiniShares Trust GLDM and the iShares Gold Trust Micro IAUM are excellent low-cost options for long-term investors.
WRTH, Carter's actively managed ETF, follows a rules-based options income strategy designed to seek high current income with disciplined risk management.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.
Boost Your Portfolio with Our Top ETF Insights
Zacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.
Don’t miss out on this valuable resource. It’s free!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.