There's a a buy setup in XLE and then a secondary entry in JPM.
Rather than an outright short on commodities, consider a spread bet between long energy and short base metals.
However, technical patterns show that gold could see a minor rally here.
Let's check out the charts and indicators this afternoon.
We are in one of the slowest times of the year and there just isn't much of an appetite for aggressively buying weakness.
Ever-increasing demand from index funds makes it hard to imagine a truly bear market.
So where am I going here? The answer is the euro.
This portfolio cannot be trusted to be diversified enough.
The housing always has been regional, which makes it dicey to judge where it is headed from any one company.
But against the algos? FANG.