Buy on the Dip Prospects: September 11 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 premium content, sign up for a free 14-day trial to Pro.26 ETFs made it to the list of buy on the dip prospects this month. The three major U.S. indices inched up during this month. U.S. stocks surged as trade tensions eased. Market sentiment improved as the U.S. agreed to trade talks early next month.This month’s buy on the dip prospects’ list was predominated by two categories of ETFs - Gold and Treasury Bond ETFs, showcasing buyers’ search for a safe haven in volatile market conditions.Several gold ETFs such as Direxion Daily Gold Miners Bull 3X Shares (NUGT C+) and Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG B-) topped this month’s buy on the dip prospects’ list as gold prices dipped responding to the potential softening in the China-US trade war. VanEck Vectors Gold Miners ETF (GDX B+) and VanEck Vectors Junior Gold Miners ETF (GDXJ B) were also present on the list.Many treasury bond ETFs such as iShares 20 plus Year Treasury Bond ETF (TLT B-) and iShares U.S. Treasury Bond ETF (GOVT A-) made it to the list of buy on the dip prospects as yields rose on the prospects of a potential meeting of the U.S. and Chinese delegates for trade negotiations. The yield on 10-year Treasuries climbed 9 basis points to 1.56%. Other ETFs like iShares Core U.S. Aggregate Bond ETF (AGG A+) and Vanguard Total Bond Market ETF (BND A) also featured on the list. Check out our different government bonds hereTo compare this month’s list with the one published on August 14, 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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