Now that my stew is, well, stewing, I’d like to share a few thoughts about seven ETFs during this very green Monday. I have placed these remarks in the caption area of the charts below, and the symbols are watermarked.
The Dow industrials continues to push higher now that it is comfortable above the psychologically-crucial 50,000 levelWorldwide stocks have been so strong that they have even pushed above their year-long wedge patternThe triple-bearish-against-FAANGs fund peaked intraday on Friday and has since lost about 10% of its value. I think it needs to get beaten up more before it gets appealing, but the closer it gets to that green base, the more alluring it becomesThe small caps remain under the price gap, which is a crucial price point of resistanceTech stocks have blasted higher both Friday and today, but the easy part is over; at this point, they are coming up against a mountain of overhead supplyThe S&P 500 is getting uncomfortably close to its own lifetime high, but for the moment, this remains slightly in favor of a downturn as opposed to mimicking the DowFinally, the energy sector has been running on jet fuel, ripping above its completed triangle base and pushing to lifetime highs on a nearly daily basis.
