My two ETF obsessions are SMH (semiconductors) and XLU (utilities). I was delighted to see this shooting star reversal pattern on XLU Friday, particularly since I gobbled up so many puts near the day’s high when it tagged that trendline.

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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.
