Hi, folks. So today I got a question from a member about our smart market scanner and using it to trade ETFs and indices. And it works very well with ETFs indices. So a lot of times, you’ll see me covering individual stock names or even individual futures names, but you can certainly scan for specific ETFs as well as sectors. And what you would do in the spot market scanner is just go down to ETFs. Or if you’re looking for sector specific names, you’d go to Financials you can see we’ve got about 290 names under financials, industrials have about 260 healthcare has about 250, technology, 286, and so on. So the answer is yes. And actually, that leads me to a a particular to the ETF, I am watching which is a WC the Brazilian ETF. So if I go to exchange traded fund, and I go to search, all I’ve got to do is type in the symbol, so e w, z, the Brazilian ETF, iShares, Brazilian ETF, and then I’m going to hit search for scroll down here. Now this is 2021. Dead, I’m not going to have 2022 data until next week, January 3, and fourth, but we are favoring a bullish idea here from around No 29 No 29 to Jan five. And then historically, that’s picked back up and carried on into about mid to late February. So a lot of data here I mean, 20 years of data been profitable 80% of time, average profit has been 8%. So we then we go to the charts here and pull up ew Z actually found this on one of my scanners, I have analyzed this. And I feel like we’re coming into a pretty good low risk buying area compared to the risk. So we’re looking to be buyers down here around 2728. So I’m going to take the risk reward tool out, let’s say that we got long around 28 quarter, we’re looking for a run back up to around 36 quarter. So we’re going to run this up to 36 quarter that is based off of this weekly level. So I’m going to show you that right here. Be based on this level, right there are risk on the trade. All we got to do is really risk a couple of bucks, I would say down to about 2526 ish right around in here. Get us up under this support. That gives us an over four to one reward to risk ratio. So we’re looking to get long, ew, Z, we’re not long yet we’re looking to get long at a break above the longer term trend line with a subsequent close again, yes, it is a counter trend trade. But we are trading in line with expected high probability seasonality, as well as trading with structure. And you’ll notice notice that we’re at the 618 here on the weekly so we’re waiting and watching this one here. The answer is yes, you can use smart market scanner to trade stocks, indices, ETFs, futures, commodities and currencies. So we’re closing up shop here until the beginning of the new year where we’re going to start our core 2022 portfolio. I’m going to drop you a link to that if you’re interested. So you’ll be on board when we kick off next week. Have a great weekend. We wish you a prosperous new year.
Technical damage done
A lot of technical damage done today across the board….however these types of moves can set up some absolutely beautiful trade ideas for the rest