$COMPQ has broken above the wedge we’ve been talking about for weeks, pushed by housing news. This could be the break into new highs for next year. be gearing for the upside breakout on good news.Our shorts, GLD, EWZ and FXI, are gapped lower today. Most action seems to be after hours on these stocks.

 See this week’s ETF Letter for why. www.etfdiscipline.com/blog.