Been nibbling on some ETFs to the long side:
$KOLD - Inverse of $BOIL (Very dangerous to trade if you are not set up for daytrading with live 1,5,15, and 30 minute charts:
$KIE = Insurance ETF put a big downtrend reversal yesterday and faded hard. Same with today. Selling volume is below average:
$EWW = Mexico ETF. Keep in mind Mexico is now a favored NAFTA nation for manufacturing which becomes better by the year. $TSM to open a wafer factory down there, OEMs having EVs built there, and more. Punched a bearish hole in the up trendline today, but we’re still bullish on that 20 x 50 EMAs’ crossover from last October.
Note: one of the savviest perma-bears I follow, Jeremy Grantham, thinks we’ll have another fall in markets which could take us down another 25-50%. The only thing investible (other than certain bonds) are emerging markets where multi-nationals will be chasing labor: India, Mexico, Argentina, Peru, Turkey, Poland, etc.
$XME = Metals and Mining etf - certain rare earths and certain pms are on the rise. Not a lot. But there is life.