A little bad weather for XLB Tuesday with some storm clouds looming. Note the short interest ratio. XLB is overdue for a pullback but Hey! what sector ETF isn’t? TLT and EEM are tickling the green but we need to see some more positive action off the bottom of the sort before getting too enthusiastic about building a position. GLD continues to demonstrate consistent holding power in the face of intraday volatility . . always a good sign for Long position holders. Keep in mind GLD is not part of the classic Lazy Man portfolio but I’ve included it for study purposes since it’s part of my actual portfolio. BTW, this Lazy Man metrics sort is of Tuesday end of day so the Volume Buzz numbers are meaningless.
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