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You'll Want To Watch These Short-Term Funds

Published 10/14/2014, 04:00 PM
Updated 07/09/2023, 06:31 AM

So many ultra-short funds have turned the corner to the upside and it’s really quite surprising. One in particular is the triple-bearish-on-financials (ARCA:FAZ) fund, shown below. It's exhibiting the same kind of pattern shared by so many other short funds -- an emergence above a descending trendline that goes back a long, long time.

I’d certainly wait for prices to relax back down to the trendline. But before too long, they may well become fantastic long positions.

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