I am going to short the following. They closed below Monthly support pivot point.
EEM
JNK
ACWX
I going to enter long positions in the following. It closed above Monthly resistance pivot point.
SLV
Following confirmed bearish trend today
ACWX All world excluding USA, 5 below 13 and 5 below 62 EMA
RSX Russia 13 below 34 SMA
EWH HongKong 13/34 SMA
IYF Fianncials DOW sector 13 below 34 SMA
Following may confirm bearish trend tomorrow
aud/usd
FXA Aud/Usd ETF
IHE Pharma DOW sector
IYG Financial Services DOW sector
ACWX turned bearish and EEM closed below month support today, so I closed my 401-k emerging fund and moved back to stable fund. Looking at eur/usd, eur/jpy, UUP, dxy, I feel, we are close to a rally.
This is just a diary of my market views and not recommendation to buy or sell anything I mention here.
Showing posts with label IYF. Show all posts
Showing posts with label IYF. Show all posts
Tuesday, November 30, 2010
Monday, November 29, 2010
International Markets are confirming downtrend one by one
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.
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.
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