Wednesday was a big day, triggered by the white-hot inflation number. Here are some particularly important exchange-traded funds with a few remarks in each caption……….
Emerging Markets have been steadily trending lower for months
The small caps broke above resistance last week; the big question is whether they will find support again at the horizontal or if they re-penetrate the range, thus negating the breakout
The NASDAQ is weakening within its channel, as predicted
The S&P nailed the “tip of the spear” of its now-broken wedge and has the lower trendline as medium-term support
Bonds went into a total free-fall, although this market has been an utter mess for months with no clear next direction