Just a reminder that the consumer staples ETF symbol XLP is still sporting one of the largest and cleanest diamond reversal patterns I’ve ever witnessed.
Monster Diamond
Slope of Hope Blog Posts
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Mining Sinks
One of my favorite charts these days, symbol XME, is the metals and mining fund. We are turning away from the fourth major reversal pattern on this.
Emerging Conflict
Below are two ETFs based on non-U.S. markets which illustrate the conflict between, on the one hand, the well-formed bullish base that emerging markets have established:
Mining Number Four
Greetings from Harvard University. I flew across the very, very wide United States of America last night and will be spending the day here before heading back home. So I’m going to spend 50% of a 24-hour period on a plane seat.
I wanted to revisit the Metals & Mining ETF, symbol XME, which, in spite of the tremendous rise for the past nine weeks is still sporting a very well-formed reversal pattern. I consider this rally to be countertrend.
North and South
As I was thumbing through ETFs, I was struck by how interesting our neighbors to the north and south are looking as short candidates. Here is the fund for Canada:
