My moving average model turned bullish on Friday on
MELI (it's like ebay) but I am going to short it at 67.89 which is Opex R pivot.
My moving average model turned bearish on Friday on
TKC (Turkey) but I would wait for it close below 16.78 on 11/30th to short it
EWZ (Brazil) but I would go long instead. Reason, It's testing month and Opex S pivots
Last week I did a mistake by going long on JNK (Junk Bond), i wanted to short it but by mistake I went long on it. I will look for opportunities to get out and switch sides.
I am bearish on AGG (Aggregate Bond) and HYG (Corp Bond) as well.
I will be watching following on Monday
if IYH (health), IYF (Financials), INP (India) and FXB (Gbp/Usd) confirm bearish trend. But I think Gbp/Usd long opportunity is coming.
