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 feel power 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 completely stable likelihood of rallying, supplied costs don’t’ sink again once more into that green-tinted zone.
iShares China Massive-Cap ETF (NYSE:) continues to weaken beneath its proper triangle.
Certainly one of my three sine-wave trades, the small caps iShares ETF (NYSE:), had a pleasant down day as we speak and is behaving itself completely correctly.
bought kicked within the balls, because of each extreme weak point (funding financial institution downgrade) in addition to profit-taking on tech on the whole.
The identical holds true for , which is after all very depending on a single inventory, Nvidia (NASDAQ:).
Bonds, exactly as I hoped and predicted, as sinking away from that damaged crimson uptrend.
My second “sine wave commerce”, utilities, was annoyingly robust as we speak, 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 ultimate sine wave commerce, retail, went down as we speak, which is an effective factor. I’ve bought 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, a lot of driving, a lot of packing, all of the whereas attempting to do my job more-or-less) so I’m going to show in.
