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Buy on the Dip Prospects: September 4 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. Only 10 ETFs made it to the buy on the dip prospects list. US market indices closed higher driven by the anticipation of lower rates and a stronger U.S. economy. T-Rex 2X Long NVIDIA Daily Target ETF (NVDX C+) and GraniteShares 2x Long NVDA Daily ETF (NVDL ) topped the list of buy on the dip prospects. While NVIDIA exceeded earnings expectations, the margin was significantly narrower than in recent quarters. Even the raised future guidance, though positive, did not match the optimism of prior earnings seasons. Compare and contrast the two ETFs using our ETF Comparison tool. MicroSectors FANG plus Index 3X Leveraged ETN (FNGU B) which offers 3x leveraged exposure to an index of FANG companies was one of the buy on the dip candidates as Alphabet shares retreated along with the broader tech sector with investors shifting away from AI stocks. Several bond funds such as iShares National Muni Bond ETF (MUB A), Vanguard Long-Term Government Bond ETF (VGLT A-), and Direxion Daily 20 Plus Year Treasury Bull 3X Shares (TMF C+) were buy on the dip candidates. The government bond markets which rallied in the past now grapple with uncertainty surrounding central bank policies, inflation trends, and the upcoming U.S. election. To compare this month’s list with the one published August 7th, 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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