The energy and commodities sectors have dropped significantly below their 200-day moving averages and are now in sell territory, says Tom Lydon, editor of ETF Trends and president of Global Trends Investment.

Lydon’s system of technical analysis, which tries to target gains before a winning fund falls too far (typically 8%), isn’t offering much to buy currently. He has put sell suggestions on certain ETFs that are even still trading above their 200-day moving averages, such as United States Oil and Energy Select Sector SPDR, according to MarketWatch.

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