Friday’s update of the Lazy Man shows XLB still the best short term choice as a momentum play based on 3 day bars. That’s on a beta-adjusted basis of course. The classic LM portfolio containing QLD in lieu of QQQQ would show QLD as the hands down winner, both past and future. SPY is keeping pace with the Qs and XLB in a 3 way horserace while EEM needs some serious backfilling to get back in the game. TLT, well TLT is TLT and from a technical viewpoint looks to be rolling over for a possible new leg down. On the other hand I like TLT from a fundamantal viewpoint and am tracking it closely in anticipation of at least a short term bounce.
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