Commentary

1/28/21 Afternoon Signals xHL/x7

I’ve been looking at broad based ETFs in groups of five. IWM is the Golden Child obviously because of CC performance, but also because of OC. It went through a sizable period of OC underperformance that ended in the 3rd quarter.

xHL looks like a good place lately. If the market gets weak into the close x30 would happen. That would make longs sad.

x7 is pretty much the place a long wants to be at the close, x6 or x2 is possible with closing weakness, and either of those results suggest an evening spent drinking to forget instead of to remember.

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