Adios Q2…

Seriously, this quarter sucked out loud, (for the bears, at least, in case there are any left) and I’m glad it’s over. Here’s to a Q3 that resembles Q1 much closer than Q2. Honestly! Blech!

Quite plainly, all this breathless chatter about $170 billion in equities being dumped today for “re-balancing” didn’t mean anything.

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Here are some quarterly charts of major ETFs:

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Right up against the broken trendline

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Bounce right up to the horizontal

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Incredible strength, traversing the entire width of the channel

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Pretty much undid the damage from Q1

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Mirror image!

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Another homebuilder fund with the same mirror image

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Miners are really starting to rock! (Right on TNRev!)

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Gold is looking great!

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Silver is extremely close to a potential bullish trendline break

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Semiconductors have been an important part of NASDAQ strength

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Retail still in a broad downtrend, but it unwound the damage from Q1

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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