The Chart of the Day is a look at the XMEs...the metals and mining ETF. It is testing resistance at the very important $20 level. This was a clear level of resistance from August through July. It failed again there this past Monday. A potential trading strategy here would be to go short if it can't break through $20 and then breaks the recent uptrend. Another strategy would be to wait until it breaks $20 and then go long. For example, buy it if it gets to $21 and then use $20 as a stop out level.