I’ve got nothing here tonight. My scans are coming up light, my recent picks have been less than stellar, and the best looking charts are inverse ETFs.
Even “The Fly’s Lab” screen is pulling up inverse ETFs here:
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The bottom fishing screen, a PPT screen known for catching infection points, is also littered with inverse ETFs:
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I didn’t like the close Monday, and raised some cash ahead of the bell. It is true that the market is oversold on a few metrics, but something tells me Uncle Ben won’t save us this week. At this point what could he possibly say?
The two screens above should leave more than enough room for caution in my eyes. See you guys at the open, should be an interesting day.