Happy Monday, everyone. There are just eight trading days left after today in the lovely, lovely year of 2023. I wanted to touch on three ETFs that had been covered over the weekend. First off, there is commodities (DBC) which I suggested would be in for a tumble following that nice tinted rounded top. Well, it’s down hard, and I’m not quite sure why, since oil (its biggest component) is up. Still, down is down.

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Bonds, at long last, are seeing some selling. TLT, shown below, has blasted through various price gaps, but the trendline I’ve drawn seems to represent the new, legitimate resistance point.

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One of my positions, IWM, continues to be a picture-perfect range play. I’m not going to be greedy on this one, and even though I think it’ll go a lot lower, I’ll be very happy to exit if it can get down to 190 or even a tough beneath.

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