Four of our favorite ETFs……..SLX, SEA, MOO and KOL, again just playing on the global reflation/inflation/growth/commodity theme. Note the clear technical breakouts and the fact that they are all confirming each other. This suggests that the behavior we are witnessing in the market is the real deal and not just another false move. We are comforted by the fact that the majority still see the strength in the four sectors below as a “recovery in a bear market”. Markets follow the path of least resistance. Whilst the majority remain non-believers the ETFs below will continue to rise.
