The CNIC ICE U.S. Carbon Neutral Power Futures Index exchange-traded fund provides exposure to a blended national electricity price and carbon credits.
Clues were out there, but the news certainly took most by surprise.
Here's why I favor one for technical and fundamental reasons.
While support levels have been building and the number of new lows is declining, there is no sustained momentum outside a few big-cap tech stocks.
An orderly move lower in the near term would be a trading prerequisite, but a sharp drop probably would scare me off.
Let's take a look at the indicators -- and how they haven't changed -- as well as the overbought reading and why Wall Street has a supply chain problem of sorts.
Despite the intraday reversal in Apple, Microsoft, Alphabet, Amazon, and Tesla, all helped the Nasdaq 100 outperform the other indexes as the small caps disappointed.
Let's check out the charts and indicators for clues.
With about six months to go, anything can happen for the 2023 Tax Loss Selling Recovery Portfolio.
Even the bulls will likely agree that this market needs better participation and breadth.