ETF in Focus

SLV (iShares Silver Trust) follows silver futures contracts. Rumors have it that a large margin call forced more selling Monday. That said, the downtrend in silver and other precious metals has been persistent.

GDX has been in a free fall since topping out in the fall of 2012. It's much oversold but there are tradable DeMark opportunites from weekly chart perspectives worth reviewing.

IGV (iShares Software ETF) is one of the tech subsectors doing well away from the Apple heavyweight. Microsoft and Oracle et al are showing the way higher.

FDN is benefiting from the overall equity rally mostly due to its heavy weighting in Google.

JJC (iPath Copper ETN) has yet to demonstrate by price action that industrial production in the world is improving despite claims by other pundits that such is the case.