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Buy on the Dip Prospects: October 22 Edition

Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term ‘buy on the dip’ opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro. 44 ETFs made it to the buy on the dip prospects list. The U.S. market was volatile last month, with stocks near record highs but facing pressure from flaring U.S-China trade tensions. Amid uncertainty over trade, a potential AI bubble, and credit market turmoil, investors are moving into safe-haven assets like gold and silver, causing their prices to soar. Many Bitcoin funds such as Grayscale Bitcoin Mini Trust ETF (BTC ), VanEck Bitcoin ETF (HODL ), and Bitwise Bitcoin ETF (BITB ) featured on the buy on the dip list. Bitcoin has fallen significantly from its recent high, with analysts attributing the market decline to widespread profit-taking and macroeconomic uncertainties, including inflation and the impact of new trade tariffs. Direxion Daily FTSE China Bull 3X Shares (YINN A+), Invesco China Technology ETF (CQQQ B-), and iShares MSCI China ETF (MCHI A) were buy on the dip contenders. Chinese markets fell as persistent weakness in the property sector and a flare-up in trade tensions with the U.S. weighed on investor sentiment. Check out our Chinese Equity ETFs’ list here Several bank ETFs like Invesco KBW Bank ETF (KBWB B), SPDR S&P Bank ETF (KBE A), and SPDR S&P Regional Banking ETF (KRE A-) also made it to the list, sparking broader Wall Street concerns about credit market stability after two banks reported issues with fraudulent and bad loans. SPDR S&P Homebuilders ETF (XHB A+) and iShares U.S. Home Construction ETF (ITB A) as a surge in available existing homes dampened builder demand for new projects. To compare this month’s list with the one published October 1st, click here":ETFs to Buy on the DipPlease note that this list is updated on a monthly basis. For more ETF analysis, make sure to sign up for our free ETF newsletter. Disclosure: No positions at time of writing.

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