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The Better Part of Valor

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I would like to suggest the ETF for Consumer Discretionary goods is an appealing short-sale (or long puts) position. Take note of the price gap as well as the trendline failure. A stop-loss on this would be 174.45.

A longer-term view shows the extraordinary hazard this symbol faces.

Here, for your information, are the top ten components of this fund:

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