Exchange-traded funds: what they are, how they trade here, and why the sector ones sit on Pulse.
A fund that trades on the exchange like a single stock. SPY and QQQ track the two big indexes; the sector ETFs — technology, energy, financials and the rest — each track one slice of the market.
Exactly like stocks: same ladder, same orders, same ledger. They live on your watchlist beside everything else.
The market read on Pulse is SPY and QQQ. The sector heat map is eleven sector ETFs, live, so you can see where the money is moving today without opening a chart for each.
Products that aim for two or three times a day's move, or the opposite of it, reset every day and drift over longer holds. They are day-trading instruments. Henry does not carry them on his lists.