In my previous blogs I highlighted that the Global X Social Media Index Fund (NASDAQ:SOCL) became one of the hottest ETFs after the highly publicized Twitter IPO on November 7, 2013. SOCL is an attractive way to play the social media space for investors looking to take a diversified position in Facebook, Tencent, LinkedIn, SINA, Twitter and other stocks in the space.
I also noted earlier that in order for the sector to continue in a bullish uptrend, an increase of volume will be needed. SOCL corrected in recent weeks, but bounced back from the January lows. However, an increase in volume is needed to support SOCL moving higher.