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Sell on the Pop Prospects: December 10 Edition

BY | ETF Database
12/10/2024 | 145 VIEWS
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below 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 above its 20-day moving average, thereby offering a near-term ‘sell on the pop’ opportunity given the longer-term downtrend 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 13 ETFs made it to the list of sell on the pop prospects this month. Wall Street soared last month as the jobs report increased expectations of a Fed rate cut. This week’s list of Sell on the pop was topped by semiconductor ETFs like iShares PHLX Semiconductor ETF (SOXX A-) and Direxion Daily Semiconductor Bull 3X Shares (SOXL B+). China and the US have imposed new export controls on key minerals and semiconductors. The US wants to limit China’s chip-making capabilities, while China is restricting exports of critical materials used in semiconductor production. This move escalates the ongoing tech war between the two nations making semiconductor chips dearer. Several European funds such as JPMorgan BetaBuilders Europe ETF (BBEU A), Vanguard FTSE Europe ETF (VGK A), and SPDR EURO STOXX 50 ETF (FEZ B+) featured on the list after US job market data showed a strong recovery post a weak October, aligning with the Fed’s stance on a resilient yet non-inflationary economy. iShares Global Clean Energy ETF (ICLN A+) and Invesco Solar ETF (TAN C+) also made it to the sell on the pop list as solar stocks surged due to increased optimism following the presidential debate last month. Solar stocks are, however, declining following Donald Trump’s victory, as investors get worried about the potential repeal of the Inflation Reduction Act. Check out our list of energy ETFs here Direxion Daily 20 Plus Year Treasury Bull 3X Shares (TMF C+) and iShares 20 plus Year Treasury Bond ETF (TLT B-) were sell on the pop contenders on falling yields. US Treasury yields dropped post-November payrolls data release. Investors interpreted the data as supporting another Fed rate cut in the upcoming December meeting. To compare this month’s list with the one published on November 20th, click here. ETFs to Sell on the PopPlease 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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