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We start with , which is doing a yeoman’s job of sinking. It’s approaching the decrease half of its long-time descending channel, and I believe vitality is talking in truth to us about what’s forward for the financial system.
The , international equities, is sinking away from its long-term damaged uptrend.
nonetheless have a fully strong likelihood of rallying, offered costs don’t’ sink again once more into that green-tinted zone.
iShares China Giant-Cap ETF (NYSE:) continues to weaken beneath its proper triangle.
One in every of my three sine-wave trades, the small caps iShares ETF (NYSE:), had a pleasant down day at this time and is behaving itself completely correctly.
acquired kicked within the balls, because of each extreme weak spot (funding financial institution downgrade) in addition to profit-taking on tech on the whole.
The identical holds true for , which is in fact very depending on a single inventory, Nvidia (NASDAQ:).
Bonds, exactly as I hoped and predicted, as sinking away from that damaged pink uptrend.
My second “sine wave commerce”, utilities, was annoyingly robust at this time, maybe as a defensive play. I really purchased just a few extra places because it strengthened, but it surely positive as hell higher begin to weaken once more quickly.
My third and remaining sine wave commerce, retail, went down at this time, which is an effective factor. I’ve acquired March places on all of those (IWM, , ) and am actually needing these to work out earlier than I get aggressive with my buying and selling once more.
It was an exceptionally lengthy day (journey to the airport, depressing red-eye gentle, plenty of driving, plenty of packing, all of the whereas making an attempt to do my job more-or-less) so I’m going to show in.
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