Mish’s Each day: Lithium — The Electrification of Transportation

The lithium market is insignificant compared to extra established commodity markets – yearly world oil output is price greater than $3 trillion at current charges.

The race to safe lithium provides is on.

Whereas lithium demand multiplies, geopolitical issues between China and the West have made securing a dependable provide of lithium harder. Lithium is changing into one of many world’s most-sought commodities, but the annual quantity globally continues to be tiny. Battery makers and EV producers have been dashing to lock in provides. The electrification of transportation, tight provide, and strong EV gross sales are inflicting costs to skyrocket.

Have you learnt one of the simplest ways to commerce Lithium profitably? Or the way to place your buying and selling in anticipation of this secular pattern?

World X Lithium & Battery Tech ETF (LIT) broke out above the 50-day MA and is seeking to take out the 200-day MA.

The World X Lithium & Battery Tech ETF (LIT) gives buyers entry to firms concerned in your complete lithium cycle, from mining and refining to producing lithium batteries.

Lithium’s significance to the worldwide financial system will solely enhance within the coming years as we transfer in direction of a extra electrified world.

LIT is displaying robust worth management, as seen by the MarketGauge Triple Play Management indicator, with the blue line above the pink line indicating that LIT is main the market. LIT additionally shows improved worth momentum within the MarketGauge Actual Movement Indicator. The Actual Movement Indicator and the Triple Play Indicator support buying and selling efficiency by validating worth course and momentum energy.

LIT is an ETF that gives world publicity to the Lithium market, so in case you’re seeking to place your buying and selling for the way forward for transportation, take into account including LIT to your portfolio holdings. We count on robust demand coupled with Lithium’s restricted provide to maintain a positive pricing surroundings for the foreseeable future.

Contact us at this time if you wish to get began buying and selling and learn the way we might help you commerce and capitalize on large tendencies. You’ll be able to join a session with Rob Quinn, our Chief Technique Advisor, to learn more about Mish’s Premium trading service.

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S&P 500 (SPY): 375 help, 383 resistance; similar as earlier than.
Russell 2000 (IWM): 177 help, 183 resistance; similar as earlier than.
Dow (DIA): 328 help, 333 resistance.
Nasdaq (QQQ): 266 help, 273 resistance.
KRE (Regional Banks): 62 help, 65 resistance; similar as earlier than.
SMH (Semiconductors): 197 help, 204 resistance.
IYT (Transportation): 212 help, 217 resistance.
IBB (Biotechnology): 127 help, 132 first resistance; similar as earlier than.
XRT (Retail): 58 help, 63 resistance; similar as earlier than.

Mish Schneider

MarketGauge.com

Director of Buying and selling Analysis and Training

Wade Dawson

MarketGauge.com

Portfolio Supervisor

Concerning the creator:
Mish Schneider serves as Director of Buying and selling Training at MarketGauge.com. For almost 20 years, MarketGauge.com has supplied monetary info and schooling to 1000’s of people, in addition to to massive monetary establishments and publications corresponding to Barron’s, Constancy, ILX Programs, Thomson Reuters and Financial institution of America. In 2017, MarketWatch, owned by Dow Jones, named Mish one of many high 50 monetary folks to observe on Twitter. In 2018, Mish was the winner of the High Inventory Choose of the yr for RealVision.

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