By scanning these ETFs, we can efficiently gauge where potential opportunities lie and where to avoid wasting money. Let's dive into the details.

First up, we have the Invesco 50 ETF (IBD). It's rallied nicely and is approaching the 50-day moving average line. Ideally, we'd like to see a strong push over 50 with volume. Remember, the air is better above a rising 50-day moving average, and that's a simple but powerful trading maxim. Not a lot going on here yet, but it's an improvement to keep an eye on.

Next, we have the Bitcoin ETF. This one's a bit trickier. It had a move recently but has been consolidating. It also needs to conquer the 50-day moving average to show real strength. For now, I recommend caution.

Moving on to the Gold Miners ETF (GDX). This one is basing on the rising 21-day exponential moving average, which is a positive sign. There's been some accumulation, but also some distribution, in this chart. The key here is a breakout above the 21-day with volume. Until then, it's best to sit on the sidelines.

Gold (GLD) itself is still lagging below the 21-day moving average. While Friday was a decent day, it's crucial to see a lift-off with volume for a more promising entry point. Also, notice the lack of accumulation recently.

The message here is simple: avoid chasing stocks or ETFs below their key moving averages. Let's move on.

The Health Care Select Sector SPDR Fund (XLV) is showing weakness as well, trading below the 50-day moving average. Be cautious in this sector.

Now, here's a bright spot: the Aerospace and Defense ETF (ITA). This one looks decent and could be worth digging deeper into. Consider the top holdings of ITA to see if there are any gems hidden within that ETF.

The iShares Homebuilders ETF (ITB) gapped up but closed near the lows on higher volume. This indicates some selling pressure. It needs to reclaim the 50-day moving average line before it becomes interesting.

The S&P 500 Growth ETF (IBW) is showing a positive sign by pushing back through the 50-day moving average. This could be a reason to explore potential S&P 500 growth stocks.

The iShares Russell 2000 ETF (IWM) is lagging behind and needs to overcome the 50-day moving average with volume to become more attractive.

The Energy Services Select Sector SPDR Fund (XES) is best left alone as it's trading at the 50-day moving average and shows weakness compared to other sectors.

Silver also lacks power, so move on to the next one.

Steel stocks might be tempting after their recent lift, but the overhead supply and the lack of strong volume on the upswing suggest caution.

For full overview please watch the video!

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MAXLIST tickers are included below. For the list of ETF tickers, visit our website and click on the post that contains today's video: https://missionwinners.com/relevant-t...

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We are asked quite often what charts Patrick is using in these videos. The charts with the black background are Ensign Software. You can find more information about them at EnsignSoftware.com

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