Last Friday I suggested to watch the “Hot Emerging ETF’s” for a sign of “global PRICE weakness!” (see post here).
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Each of the ETF’s have been very hot performers over the past 4-5 months. Now each of them are breaking key support. Harvested positions early last week in this arena (see post here).
If you didn’t harvest or trim positions last week…with the breaking of this support I hope at least some harvesting takes place.
Anyone looked at the quotes on the above ETF’s today??? Glad to be watching!!!
A sad comedown… after owning stocks from here to Timbuktu, now just some grains and a bucket of junk bonds…
Any reason not to short China or India based on their charts?
Apparently, India is the most expensive market out there, trading at 23-24 times earnings. Both CTSH and INFY look over-extended…..
Fxp is up 7% today
anyone else watching the VIX….yikes! perception is everything, right?