Prime Cut ETFs

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Too many of the ETFs right now can only conjure up the reaction, “Wow, that’s just nuts. I wonder if it’ll ever stop going up, or what?” That’s a silly waste of time, so what I’d like to do instead is focus on the charts which, even given recent circumstances, still presenting exciting and intriguing risk/reward ratios.

First up is EFA, which I am short. There are three exceptionally cool things about this chart. First, Friday’s action formed a beautiful shooting star reversal pattern. Second, the price peak on Friday was precisely below the broken trendline. Third, the price peak also came deliciously close to an important price gap. This is just a dynamite combination.

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Suffer!

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Our Sunday sermon is going to be about something I think about quite a lot, which is the nature of suffering. Let us begin our examination of this topic with some notable precepts from various world faiths.

Buddhism
The First Noble Truth (Dukkha) describes suffering as a fundamental reality to be understood and overcome: “Birth is suffering; ageing is suffering; sickness is suffering; death is suffering; sorrow and lamentation, pain, grief, and despair are suffering; association with the unpleasant is suffering; dissociation from the pleasant is suffering; not to get what one wants is suffering…in brief, the five aggregates of attachment are suffering.”

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Surviving Seventeen (Part 2 of 2)

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April has been absolute murder for the bears, and I’m not sure I should even use the plural of that noun anymore since I’m not sure anyone besides me is loopy enough to still be short. Anyway, below are the remainder of the seventeen, most of which were new entries to take advantage of Friday’s mega-rally. As always, I have zoomed in on the most salient portions and show the stop-loss with a dashed red line.

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