This is a chart of the offense/defense index I have used in Barron’s Online several times over the years. Credit for Boris Simonder for creating the idea that I have copied using these ETFs.


Anyway, this week in Quick Takes Pro I suggested that the upside breakout might be a fake. Fortunately, my gut feeling turned out to be right. The chart suggests shifting to defensive strategies, especially selling rallies vs. buying dips.

7444476276287180978-1493206675764631139?l=quicktakespro.blogspot.com