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Buy on the Dip Prospects: September 10 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. 26 ETFs made it to the buy on the dip prospects list. The U.S. stock market remained volatile over the last month. Historically, September has been a challenging month for the stock market. However, the Federal Reserve’s likely move to cut interest rates may buck this trend. ProShares Ultra Bitcoin ETF (BITU ), Volatility Shares 2x Bitcoin Strategy ETF (BITX C+), iShares Bitcoin Trust ETF (IBIT C+), Bitwise Bitcoin ETF (BITB ), and many other Bitcoin-focused funds topped the buy on the dip list. Bitcoin’s price declined over the past month, reflecting profit-taking after reaching new highs, the unwinding of overleveraged positions, and uncertainty surrounding the Federal Reserve policy. Grayscale Ethereum Mini Trust ETF (ETH ), Bitwise Ethereum ETF (ETHW ), 21Shares Ethereum ETF (TETH), iShares Ethereum Trust ETF (ETHA ), and many other Ethereum-focused funds featured on the buy on the dip list. Ethereum’s price fell due to a lack of new buyers, weak investment, and less network activity. Increased market volatility from rising U.S. inflation, trade tensions, and changing expectations for interest rate cuts is also contributing to the risk. GraniteShares 2x Long NVDA Daily ETF (NVDL ) and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX C+) were buy on the dip contenders, as NVIDIA’s stock was affected due to increased competition from Broadcom, mixed second-quarter results, and investors taking profits before the Fed’s next announcement. Industrial Select Sector SPDR Fund (XLI A) was one of the buy on the dip contenders on the list, amid weak demand, exacerbated by ongoing tariff uncertainty. Manufacturing activity also contracted in August for the sixth consecutive month, though at a slightly slower rate than in July. Check out our Industrials Equities ETFs’ list here Financial Select Sector SPDR Fund (XLF A) was another buy on the dip contender as Foreign Portfolio Investors (FPIs) recorded significant outflows from the Financial Services sector in the last month. AdvisorShares Pure US Cannabis ETF (MSOS ) was a buy on the dip contender. Cannabis stocks are losing value as investors grow weary of the President’s empty promises. To compare this month’s list with the one published August 20th, 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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