Commentary

2/1/21 Current Signals x03/x0

Index futures stabilized about half an hour after the open on Sunday night and that was pretty bullish. The easy read seems to be XLI:

As long as the gap marked by the horizontal lines isn’t filled things aren’t going to be too bad and the action suggests that isn’t happening today.

It’s still a little freaky to have the fate of modern civilization resting on the judgment of the same group that thought 3x ETFs are harmless, but probably things aren’t all that horrible.

The top 10 list are the best CC performers for x0 out of the 31 1x ETFs analyzed over the last 63 trade days.

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