The more things change, the more they remain the same. Here’s DBC as the focus (shaded chart) with the 5 Lazy Man ETFs as reference. DBC was the big loser at the open but its gaining back some ground as EEM jumped out of the gate, trailed closely by XLB. The reason I show DBC is that it was the old rotator model pick of the week on Friday and, for reasons that I’ve mentioned before, I prefer to trade XLB, although I’m always looking over my shoulder at DBC to check its performance. The VIX is currently down 2.5 % and the NYAD has been on a steady decline since the open. Low POMO today favors continued weakness but odds favor a more positive Wednesday and Thursday.
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