Let’s take a look this weekend at some of the major ETFs and what they might be suggesting for the weeks ahead. I’m doing these in alphabetical order.
We begin with the triple-bullish-on-real-estate fund DRN, which has been on a tear for months. (Its less volatile brother, IYR, has been acting the same). This is kind of a fascinating chart, because it is precisely at the apex of its symmetric triangle. Of course, that doesn’t mean it tumbles into oblivion on Monday’s opening bell, but I would at least like you to note this “juncture”:
