Tuesday Outlook: Commodities, Emerging Markets

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 |  Includes: CME, DBA, DBB, DBC, EEM, EFA, EWZ, FXI, GLD, IFN, ILF, MOO, SLX, USO, XLE
by: David Fry

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I love the lead image and use it often with crummy Mondays like yesterday. [By the way the artist's name is Thomas Lorimer since I usually get asked that when I post it.]

Now we'll see if we get the proverbial 'Turnaround Tuesday'. Bad news from financials was not shrugged off yesterday by bulls since supportive declines in commodities and the continued dollar rally was missing from the picture.

Volume was summertime light which is seasonally prevalent on Mondays and Fridays. Let's see what happens.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in IWM, QQQQ, QLD, XLV, RXL, XLP, UGE, IEF, TLT, UUP, DRR, FXE, FXA, FXC, FXB, FXY, DBC, DEE, GLD, DZZ, EFA, EFU, EEM, EEV, ILF and FXI.