I present to you my one and only long position:

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Happy Valentine’s Day, for those who choose to observe it. Let’s look at a few big ETFs following this big week on the markets.
First up is the DIA, based on the Dow Industrials which Kim Bondi single-handedly blew up with her hubris and shrieking. We are sub-50,000 again and have failed the breakout represented by the horizontal. What we really want to see is a failure of that medium-term trendline, anchored to last November’s low.

Whereas the U.S. markets are fairly moribund (case in point: the NASDAQ peaked four MONTHS ago and has been grinding around ever since), overseas markets have gone absolutely ape. You can see this by way of just about any country fund and, broadly, via the EFA:

For whatever reason, the ETFs that deal with the physical world — stuff you can put in a barrel or a truck – – are thriving. Here we have the Materials Selector Sector fund:
