Confirmed bearish trend today
FXB Pound 13 sma below 34
INP India 5 below 13, 5 below 62 and 13 below 62 EMA
IYH Healthcare DOW Sector 13 sma below 34
Confirmed bullish trend today
USO 5 above 13 and 5 above 62 EMA
OIL 5 above 13 and 5 above 62 EMA
May confirm bearish trend tomorrow
ACWX All world excluding USA
IYF Financials DOW sector
RSX Russia
EWH HongKong
Looks like International markets are breaking apart. EWZ, EPI, EWP have already confirmed bearish trends and now ACWX, EWH, RSX are in line.
I have 25% of my 401-k tied up in emerging markets wich is comparable to ACWX. I may close it tomorrow.
Looks like money is being rotated to Oil sector. XOM had given me bull signal on October end of opex day. Today, I got out out of JNK calls with 3% profit and bought DIA calls when DJI tested Opex S pivot. I had also bought EWZ calls when it was testing Opex S pivot. Both had OK profits by EOD. I will close those soon. Tomorrow is last day of month and it is critical for EEM. I will be watching.
