Looking For Inflection Points

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.

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Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,294.50 -0.08%
  • NASDAQ 3,459.42 -0.11%
  • S&P 500 1,650.51 -0.29%
  • VIX 14.07 1.81%
  • SPX 500 (CFD) 1,652.90 0.14%
  • DOW (CFD) 15,319.00 0.16%
  • NASDAQ 100 2,994.90 0.12%
  • EURUSD 1.294 0.04%
  • UK 6,696.79 -2.10%
  • GERMANY 8,351.98 -2.10%
  • FRANCE 3,967.15 -2.07%
  • SPAIN 8,343.60 -1.40%
  • H. KONG 22,647.00 -0.10%
  • JAPAN 14,608.00 0.86%
  • KOREA 1,973.10 0.20%
  • SHANGHAI 2,286.41 0.47%
  • NAT GAS 4.28 0.45%
  • GOLD 1,389.40 -0.17%
  • SILVER 22.49 -0.05%
  • COPPER 3.29 -0.27%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR 0.01 600.00%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.94 2.16%
  • GERMAN 10YR 1.44 1.19%
  • ITALIAN 10YR 4.03 3.02%
  • SPAIN 10YR 4.29 2.70%
  • WTI 93.92 -0.35%
  • BRENT 102.38 -0.06%
  • WTI/BRENT 8.46
  • 321 CR SPR 21.96 10.04%