Profunds index and sector trading

[CaribbeanJim]

Yes, that is a nice hammer off the daily lower BB, however, I have a feeling that the weekly BB may be in play as it has been for the past 2 years. The weekly candle on the lower BB still looks very bearish.

It has been very interesting to see people rotate out of metals and oil. I bought a little into oil services last Thurs/Fri, but may have to sell it if this down turns into a longer term move. So far, I have not gotten confirmation of a LT down move, but my gut says it will probably be one. The same goes for metals. I may get a buy on metals toward the end of this week, and I will buy if it comes, but I have my doubts that it will make money given the rotation.