Here are ten ETFs worthy of a few words this Memorial Day weekend.
small caps continue to sport a fantastic top, creating a parallel with the top several years ago.tech stocks raced toward their broken trendline and are now backing off; the big test is whether it can push below the dashed green line (the China surrender gap)silver has a real chance of performing a hearty breakout, which is why I’ve established a large long position in SLVthe semiconductor index has been sputtering for the past ten months, and in spite of the mega-rally that started on April 7th, the series of lower highs is still intactthe S&P 500 ETF seems to have completed its counter-trend thrust, so that dashed red line needs to remain unviolated to give the bears a prayeras I’ve written at length recently, bonds could be serious trouble if it breaks below that pink zoneoil’s failed right triangle pattern is perfectly intact, and what I’d like to see is crude oil swoon lower next week, creating some distance between price and the triangle’s lower trendlinehomebuilders continue to slowly bleed outthe materials sector is sporting an excellent diamond reversal top plus it has a broken trendline working in the bears’ favorlastly, the oil producers fund has one of the most potent bearish patterns of any ETF that’s trading
