With the minor breakdown in the indices today, I’m wondering if this is an inflection point or a simple fake out. In the past, the bottom fishing screen has been very accurate in finding inflection points. When the bear ETFs start popping up, it’s normally a good time to step to the side, and that is exactly what I’ve done.
Here’s a look at today’s results:
Note: I also like DVN, COP, WFT, & APA from the screen above, which fits perfectly with the current energy rotation theme.