Following on what I wrote on Sunday, IBB continued to be weak.
http://www.effectivevolume.com/conte...anuary-15-2017
The 20Y Treasuries are displaying a negative divergence, while TBT attracts much buying (I Bought TBT today). This indicates that the market is not going to drop much: Treasuries are not bought for protection.
GDX also displays a negative divergence (Higher prices are barely attracting buyers)
However, XLE looks positive, together with XOM. My buy price is slightly lower though.
Pascal
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