Two days ago in the “Grrrr…ressive” post, I suggest aggressive investors should pick up SMN, the inverse Basic Metals ETF, due to resistance that  Copper/Silver were facing and that the metals could start “acting HEAVY!
  (see post here)


It is very early in this trade and early this morning, yet I wanted to share that from a price/pattern perspective I like what I see so far, especially yesterday!  Why? 

Yesterday the Dollar fell over 1%, which the majority of the time results in a huge stock and commodity rally.  One day a trend does not make, yet found it interesting that the Dollar fell 1% and the inverse metals ETF not only didn’t get creamed, it was up a fraction! 

Game plan….For those that bought SMN…..Raise your trailing stop to 6%.   For those that didn’t buy it, the action still looks very good so far!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past