What a rough morning! Every single ETF blew higher, and the arid desert known as Bear Land was feeling even hotter and more deadly. Mercifully, the strength from the morning didn’t last. EFA, by far my biggest position, is still within its ostensible topping pattern.
The longer-term chart illustrates the potential, I think.
IWM has, for two days in a row, try to blast past its horizontal, and it’s been held back each time.
My portfolio, if you want to call it that, is just March puts in three ETFs: EFA, XLE, and XLU.
