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Trading | December 15, 2017
Having shown us his favorite trade of the year for 2018, DoubleLine CEO Jeffrey Gundlach tweeted last night his “must watch” chart for 2018.
“Since Jan SPX up big & way above MA’s all year…”
“…yet JNK unchanged and below 50, 100 & 200 MA’s with a death cross even…”
Which means this…
As Gundlach concludes: This is “unusual… Must Watch”
So, what happens next?
275% in one week on XLF - an index fund for the financial sector. Even 583%, in 7 days on XHB… an ETF of homebuilding companies in the S&P 500.
