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Tuesday Outlook: Commodities, Emerging Markets, Technical Indicators

David, I'm a techie and am glued to charts ,volumes,etc. I have fouind that using an SPY overlay on each chart I look at indentifies ETF's that show very similar patterns and call them slaves to the S&P. I have similar experience with indidual stocks. So why buy XLE if it pattterns SPY. ( I'm noit sure that's the best example). So what I look for is divergence to the SPY. Paw through the charts of the top 100 in IBD. 80% all look alike. If there are black boxes all reacting to similar trends and accounting for 75% of the trading, everything becomes homogenized. The funny thing about them is they all use different equations but each is back tested until "IT WORKS!" That point of success means they ultimately all generate the same result which further feeds the similarities of market action by indivual stocks and ETF's.