Could be. ITB ran into the previous ATH’s from late 2021 with big divergences building on the indicators. I have an uptrend line off the Oct ’22 lows that would trigger a nice sell signal if/when taken out & even a minor uptrend line/wedge off the June 5th low on the 15m chart that could also trigger an objective short entry. Thx for point out.

I think it was me by accident sorry.

Jeff,
Don’t know why anyone would give your comments a thumbs down. I don’t recall disagreeing with any of your posts, but agree or disagree, I like hearing your, and everyone else’s opinion on the market and alternative investing ideas.
I’ve had my posts get thumbs down, and boo-hoo to them. I’m not going to stop. My life has been filled with people disagreeing with me.
I wish everyone would comment and hear what they think.
I read all the comments every day and you are in there almost every day.
I wish you would reconsider…. this IS the place for your contributions.
P.S. I gave you the thumbs up for the comment about the “follow me” sentence….not that you want to limit your time here.

Keep it coming, Jeff. I also enjoy your comments.

Jeff , i realy like to read your comments and you should not take care of one person hands down. This is not a way to share an opinion. I think it is very important that investors post comment and i think there is not enough of those comments. It is helpful for lot of people. Merci

European stocks have held up well considering that much of Europe is now in a confirmed recession while ECB continues raising rates. I think Europe ETFs go much lower over the next few months. EFA and FEZ are among the most liquid, but country specific ETFs (EWG, EWQ, EWU, etc) may be worth a short trade for those who short outright rather than play through option spreads.

RCL looking toppy.

Another potential top in DAL.

XLI has some decent negative divergences building on both the daily & weekly charts while pushing up against (and just recently pulling back from) big horizontal resistance around 106ish, also an economically sensitive sector.

If the economy & stock market manage to power thru the current bearish fundamentals (mixed bags but most importantly employment starting to show potential signs of finally rolling over) & technicals (long-term charts) then XLI could break out, run, & eventually burn thru those divergences. My $$ is the other way at this time but something to watch for.

XLB usually cyclical as well but you know my thought on commodity prices so not a sector I would be against either way right now. (i.e.- would rather be long than short but no position right now).

XLE I have mixed thoughts: Bullish on nat gas & crude still trading mostly sideways & not a strong opinion but the charts of XLE still not looking very good (daily & weekly).

XLRE in big triangle pattern with downtrend line off April 2022 highs & uptrend line off Oct lows so likely to grind around until a definitely break above or below it.

If my outlook for the stock market is correct, we’re likely to see most or all sectors lower so I’d rather pair/diversify my equity shorts with non-equity longs in different asset classes such as commodities & Treasuries

VXX tracks the short/near-term futures on the $VIX. The front month VIX futures (July) are trading about -0.6% right now but look poised to run on a solid breakout above this 60-minute bullish falling wedge pattern.

VIX Monthly resistance $18.08, weekly and daily support $13.69.

Got it!

that makes sense. VIX is up 3.94% while VXX is down 1.40%

Thx for sharing but best to use either the chart of $VIX (spot VIX) and/or the charts of the VIX futures as the VIX tracking ETNs, such as VXX, give a very distorted & inaccurated technical picture of the VIX on the longer-term time frames (daily & especially the weekly charts) due to the inherent decay & tracking error from their expenses & ongoing futures rolling.

VXX is one & there are others as well. There are also futures & options on the VIX futures as well (the VIX ETNs are tracking the futures).

Is there an etf for vix where we can trade like stocks?