Welcome to our latest [SMN | UYM | Best ETFs to use to Trade Materials | Quick Take] video 🎥! In today’s [SMN | UYM | Best ETFs to use to Trade Materials | Quick Take] video 🎥, we want to share with you some exciting new ways to trade the materials sector. We have recently identified two new ETFs that we have added to our main ETF Google sheet. The first one is SMN, which is a leverage short on the material sector. We saw a multiple bottom in the charts and after doing some research, we found the inverse of SMN, which is the long position on UIM. Both of these ETFs are based on the same material sector index, XLB, which is also available on our Google sheet.
In this [SMN | UYM | Best ETFs to use to Trade Materials | Quick Take] video 🎥, we will analyze the risk-reward profiles for these ETFs. The risk-reward profile for the short position on SMN is not great for the past 52 weeks, but the longer-term view looks promising. You can access the ETF database profiles for these ETFs via the links on our Google sheet. These ETFs are 2x leveraged, which means they offer twice the inverse or long performance of the SPDR material sector index.
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📖 CHAPTERS 📖
00:00 – SMN | UYM
04:12 – BeachBum Trading Sites
05:01 – Discord Invite
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#SMN #UYM #etfs
📝 REFERENCES 📝
📝 Weekly Trading Game Plan Notes for 8/5 – 8/9/24 – Part 1 👉 https://docs.google.com/document/d/10cP6PPj_xtj1Ekr12K1uJbMc7BtcIPaiNXf2jHuG4is/edit?usp=sharing
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