Commentary

7/27/20 – Probable xFC

With the Fed, etc. this week, there probably won’t be any big moves in either direction until Thursday afternoon.

Recent weakness seems contained to taking out the 7 day averages. My guess is that is relatively favorable although I haven’t looked at the horizontal xEM structure carefully.

The table shows the recent xFC performance from May and from June. CO looks good in both tables. LABU and TQQQ abd SOXL haven’t been particularly strong with this recently.

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