2021-02-26

Just When You Thought Selling Was Done...

Yields have pulled back on Friday, easing selling pressure in the stock market, but the U.S. dollar index is rallying back above its 50-day moving average. iShares Mexico (EWW) is below long-term resistance and has a small topping pattern.
FXI is also battling at support/resistance.
Italy right where it has failed every time since 2008. Haven't been watching this one, but if something is differernt this time, Italy should break through. Otherwise...
Steel ETF
The regional bank ETF hit a resistance line yesterday morning that is from the 2008 top and was hit in June 2018.
GDX perfectly hit my suppot line dawn from teh 2016 high. A strong dollar should weaken it, but I like the risk/reward here because it's right at support.

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