One of the stand out sectors has been and still is the CLOUD COMPUTING sector in Nasdaq. Unfortunately we don’t have the luxury of having such an ETF listing on ASX. But, there are number of ASX listed companies in cloud computing sector where some are still in Accumulation /Re Accumulation trading ranges. Worthwhile looking within Information Technology sector of ASX and identifying some of those cloud services companies.
As for the SKYY ETF, it’s Monthly Chart demonstrates a perfect re accumulation trading range with a Spring which is now thing of the past. A new mark up phase/new major up leg is now underway with SKYY ETF as of this writing. SKYY is also outperforming the Nasdaq 100 as shown at the bottom window. A leader within Nasdaq in other words.
SKYY ETF Monthly Chart is courtesy of StockCharts.com
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