Nowhere to Hide

2023년 1월 5일

Emerging markets have made some terrific gains in the past month, but I would caution with the path ahead. Take a look at the past year's performance of the Hang Seng, KOSPI, IBOVESPA. I've included a chart of the Tadawul, the Saudi stock index, which is significantly weighted in EEM, the emerging market ETF. These are not healthy charts, and rallies provide opportunities for shorting in my opinion.

EEM's breakout from its downtrend will be tested as it compresses between the 50 & 150 EMA's. As of right now, it needs to close above $39.20 to invalidate a daily Head & Shoulders pattern.

2023년 1월 7일

주문취소됨

Stupid stupid stupid

2023년 1월 31일

노트

I am conviced that we're in for a strong pull back. Now is a good time to position shorts, although head the trend.