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Since late November, the ProShares UltraShort Yen (YCS) has been setting a series of higher lows as it has consolidated along its 20-day EMA. A move above Monday’s high of $42.08 could present a long opportunity in this ETF. Yesterday, the Market Vectors Retail ETF (RTH) gapped up and formed an inside candle. Further, it closed back above both its 20-day and 50-day moving averages. A volume fueled move back above Monday’s high of $111.84 could provide a buying opportunity in this ETF.

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