Global X Battery Tech & Lithium ETF (ACDC) $116.26

The ACDC has surged along with the lithium sector, punching over 60% higher from its June low. This ETF provides excellent broad-based global exposure to the Solactive Battery Value-Chain Index for 0.69% pa. The ETF has performed strongly over the last year, gaining 47%, just below the index’s 48% move. Importantly, in this volatile space, the ETF provides diversification across 39 stocks, with the largest position 5.6% in SolarEdge Technologies, with global exposure also spread widely from 17% in Japan, 16% US, 11% Australia, to 9% China and Germany.

• We can see the ACDC consolidating in the $115-120 area into Christmas, but we like it into weakness.