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Let’s take a look at seven interesting Exchange Traded Funds this Sunday. We begin with DBC, the commodity fund, which is looking fairly bullish. Not only have prices busted above the descending channel, but there’s a well-formed base I’ve tinted in green which suggests higher prices again. Thus, more inflation. Thus, the FOMC is utterly hosed.
Honest to God, I’ve never seen anything like Eli Lilly (LLY) before. All it does is go up, and up, and then up some more. It’s like how people are famous for being famous. This stock goes up because it goes up. With a P/E of 80, it isn’t because it’s a bargain! I wonder who will be the one standing when the music stops playing.
Some airlines are doing fantastic, but JetBlue (JBLU) is not one of them. This is an astonishing fall from grace.
Etsy (ticker symbol – surprise! – ETSY) is sort of like an eBay for crafts. Something like that. In any case, it has a massive head and shoulders topping pattern.
