Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Stocks

Cybersecurity ETF Comes to Life with New Trending Phase

by admin October 12, 2024
October 12, 2024
Cybersecurity ETF Comes to Life with New Trending Phase

The Cybersecurity ETF (CIBR) is resuming the lead as it surged to new highs this past week. It is important to note that CIBR began its leadership role a lot earlier because it hit a new high in late August. Today’s report will analyze the recent breakout and suggest some possibilities in the future. 

First notice that the Technology SPDR (XLK) and five tech-related ETFs are leading in October (semis, cybersecurity, software, fintech and cloud). They are up 2% or more and easily outperforming the major index ETFs (SPY,QQQ,IWM). The tech ETFs underperformed in July-August and are now getting their mojo back.

 

I featured CIBR in Art’s Charts on September 14th, demonstrating how to use the Percent above MA (5, 200) to define the trend and reduce whipsaws. In an long-term uptrend, stocks and ETFs experience both trending and non-trending periods, with the latter often lasting longer.

The chart below shows CIBR trending higher from late October 2023 to mid-February 2024, less than four months. A non-trending period followed and lasted over six months. Most recently, the ETF broke out of this range and entered a new trending period. I expect this trending period to last a few months and prices to extend higher.

The breakout zone around 59 (red line) turns into the first support area to watch in case of a throwback. Throwbacks occur when prices fall back to the resistance zone after a breakout. Overall, support is marked in the 59-60 area, and a pullback to this zone would provide a second chance to participate in the breakout.

TrendInvestorPro is focused CIBR, tech-related ETFs and tech stocks as they move from corrective non-trending periods to trending periods. We think the market is looking past the elections and toward seasonal patterns, which soon turn bullish. Opportunity awaits! Click here to learn more.

Special Offer!! 

2 Educational Reports/Videos with Every Subscription

“Finding Bullish Setup Zones with High Reward Potential and Low Risk”. The trend is your friend, and pullbacks within uptrends present opportunities. We show how to find compelling setups that combine market conditions, trend identification, oversold conditions and trading patterns. Trading is all about the odds and these setups put the odds in your favor.

“Using Breadth for Capitulation, Thrusts, Market Regime and Oversold Conditions”. This report covers four ways to utilize breadth indicators. Capitulation conditions often signal major lows, while thrust signals indicate the start of a bullish phase. Market regime helps distinguish between bull and bear markets, and oversold conditions identify tradable pullbacks within bull markets. We explain the indicators, settings, and signals for each scenario.

Click here for immediate access!

Highlights from Recent Weekly Reports/Videos:

October 4th Report: We identified bullish breakouts in several tech-related ETFs (QQQ, XLK, MAGS). Additionally, we noted continued strong performance from software and cybersecurity (IGV, CIBR). The report also showcased bullish continuation patterns for three leading AI stocks and identified two bullish setups in the healthcare sector.

September 19th Report: We began with our breadth model, which has maintained a bullish stance since December 7th. Narrowing yield spreads continue to show confidence in the credit markets. The report featured bullish setups in ETFs related to copper, base metals, copper miners, and palladium (CPER, DBB, COPX, PALL).

Click here for immediate access!

/////////////////////////////////////////////////

0
FacebookTwitterGoogle +Pinterest
previous post
Vladimir Putin meets with Iranian President Pezeshkian to celebrate ‘very close’ relationship
next post
Small-Caps Get on Board!

Related Posts

Why Novo Nordisk’s Stock Price Recovery Makes It...

May 8, 2024

Here’s Why You Should Be Buying Software NOW

July 1, 2024

Week Ahead: NIFTY May Stay Tentative; Look For...

June 16, 2024

Meme Stock Frenzy Back In the Spotlight: Are...

May 15, 2024

Unbelievable! The Fed Creating Its Own Nightmare And...

August 2, 2024

Golf Geometry & Kinematics

July 15, 2024

Stocks Get Defensive as Market Index Enters “NoGo”

August 6, 2024

Stock Market Ends the Week Strong: Could It...

January 4, 2025

Sector Rotation Update: Value Stocks and Bonds Lead...

April 19, 2025

Tech Stocks Lead the Charge: What’s Driving the...

July 2, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 6, 2025
    • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

      July 6, 2025
    • Democrats project doom and gloom, not celebration, with July 4 messages

      July 6, 2025
    • Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

      July 6, 2025
    • This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

      July 5, 2025

    Categories

    • Business (1,012)
    • Investing (2,542)
    • Politics (3,149)
    • Stocks (1,117)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved