Sometimes a wait and see strategy is the best trading policy and today’s negative action on DBC confirmed our previous suspicions about its divergent technical signals. DBC was downslope all day while XLB showed impressive strength early on before joining the pack in a retreat to the red. Leading the indices, DIA has the best technical outlook (for now) displaying considerably lower price volatility and short interest than IWM, it’s performance neighbor. TLT is riding a $ 92.50 line in the sand and we’ll look at it a bit closer later in the week.
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