TLT has traded $148.06 around 11:45 AM

KBE has traded $49.91 around 11:45 AM

$TNX has traded 1.315 around 11:47 AM

These were all on the move earlier in today’s session as I was preparing the first alert of the day for you. I like the way this has all traded intraday and the potential daily candle that could be forming in each one.

I like the way KBE is trading near the $50.00 level.

Let’s consider a short position today in TLT near $147.75 - $148.47

Let’s consider a long position in KBE today near $49.39 - $50.00

Have a great afternoon!

To sum up the current viewpoint and opinion:

I have BUY opinions for:

• SPDR S&P Bank ETF (KBE) between $48.11 - $50.00. Update 07/07-2: I have updated this range a bit higher today. I feel like today could be the day to get long KBE and short TLT. Let’s see how the rest of the day plays out. See the detailed analysis above. Wait for the pullback, I think we will see one. Always use a stop loss level that caters to your individual risk tolerance.
• Defiance Quantum ETF (QTUM) between $44.00 - $49.50. Update 07/07: We have a pullback to approximately $48.80 today here. Consider using a pullback to get long, if you are not already. This one wants to break $50.00 - it is close. This is a play in automation, robotics, and AI. Try to get it on a pullback instead of buying the very top of the range. Always use a stop loss level that caters to your individual risk tolerance.
• Amplify Transformational Data Sharing ETF (BLOK) between the 200-day moving average and $40.00 200-Day Moving Average is currently $41.12 Update 07/07:Waiting for pullbacks, still. Always use a stop loss level that caters to your individual risk tolerance.
• Invesco MSCI Sustainable Future ETF (ERTH) between $65 and $66. Update 07/07: If not on board yet, wait for pullbacks between the $65 and $66 level. Always use a stop loss level that caters to your individual risk tolerance.
• Invesco Exchange-Traded Fund Trust - S&P SmallCap 600 Pure Value ETF (RZV) on pullbacks. Update 07/07: This one is moving lower today, as small-caps seem to have fallen temporarily out of favor. Consider using today’s pullback to get long, if you are not already. Always use a stop loss level that caters to your individual risk tolerance.
• iShares Global Timber & Forestry ETF (WOOD) Initial buy idea zone between $79.07 and the 200-day moving average ($80.94 as of 07/01). Update 7/06: No change in outlook here and this one has held up very nicely. Look to add the 2nd tranche between $81.24 (200-day SMA) and $80.00. Always use a stop loss level that caters to your individual risk tolerance.
• Invesco Solar ETF (TAN) Update 07/07: Catching a bump today. I still love TAN for the longer haul and am looking for pullbacks. Same Suggestion: If not long already, or looking to add to a position, consider the 200-day moving average (currently $87.24) as a spot to consider getting long or adding. Always use a stop loss level that caters to your individual risk tolerance.
• First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). Update 07/07: No change to outlook and consider a pullback to $90 level for potential entries if not already long. Always use a stop loss level that caters to your individual risk tolerance.

I have SELL opinions for:

• iShares 20 Plus Year Treasury Bond ETF (TLT) when $TNX trades 1.291% or at the 200-day moving average of TLT ($148.47). Always use a stop loss level that caters to your individual risk tolerance. Update 07/07-2: Consider a short TLT position near $148.00.

I have a HOLD opinion for:

NONE

Thanks for reading today’s Stock Trading Alert. Your readership is valued and appreciated. Be patient, disciplined, and wait for the market to come to you.

Thank you,

Rafael Zorabedian
Stock Trading Strategist