The tsunami that hit the market did affect the ETFs mentioned in this blog, namely TLT, GLD, USO and PBW although in different ways as could be expected.

Let's start with the one that drowned (so to speak) in the turmoil: PBW, shown above (click to enlarge). After breaking above its 200-day simple moving average on 2/14, it kept going up, even surpassing an important previous resistance at 19 on 2/26 paving the way to greater things. Then 2/27 happened and a total collapse took place where all previous resistance points that should have acted as support caved in. I did not give any exit points in my previous entry regarding this PBW position and I apologize for that. However (and that is no excuse) my retrospective exit point is about where the ETF is trading now, a little above 18. So anybody still long the stock and open to the possibility that the 2/27 implosion was but an anomaly and will be quickly reversed, should put a sell stop below 18 and wait and see. For the record, I'm as of now 100% agnostic regarding the fate of both PBW and the market as a whole.