Although Deron Wagner continues to stay abreast of the strongest ETFs in the market, all five of his open ETF positions have a low correlation to the direction of the overall stock market.
There are only three ways to get rid of an oil spill. You can mechanically remove it, chemically remove it, or burn it. They used all three methods. But not fast enough. The Obama administration dithered while Rome burned.
From a near-term perspective, the August advance in the UltraShort DJ-UBS Crude Oil ProShares (SCO) has climbed sharply to pierce its May-August down trendline.
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