Here is the Taiwan-based ETF, symbol EWT:

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Short and sweet – – I like the look of the Materials ETF (symbol XLB) and have bought January $80 puts on it.


It’s said that good trading is supposed to be boring. I agree! I am already 100% short with zero buying power, and I’m going to kick back now and let it melt for weeks to come.
In any case, please see XLP, below, which is the Consumer Staples ETF. If this ultimately forms a head & shoulders top, we’re about 80% of the way there:

Hello there from the East Coast. It’s about 3:30 in the morning here, Palo Alto time (to which I’m still anchored), so I thought I’d once again take keyboard in hand and share my brief thoughts on nine important ETF charts, after Monday’s wonderful tumble. I’ve put my comments in the caption section beneath each clickable chart.
