Gaming ETF (BJK) has been consolidating for a while. Today, while the market was under pressure, BJK pushed higher and looks set to hit new highs. It has had one close slightly higher than todays levels back in December 2016. While it has been underperforming over the last four months, todays rally in the face of broader weakness was very bullish.
When the market is pulling back, it is always a good thing to go to the industry listing to see what is working.
For today's educational segment, I thought I would make sure our members know where the link is to see all the industry groups on one page, divided by sector.
Click on the Free Charts tab and click on the link on the right hand side titled Industry Summary.
From here, you can quickly look to see which Industry Groups have action. They are sorted by sector. In this case, the Gambling group was one of today's top performers and the chart looks great.
Greg Schnell, CMT, MFTA.