Yuwei Y.'s  Instablog

Yuwei Y.
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Yuwei Y. has over 16 years experience in investing financial markets, including managed accounts, retail funds and investment advisory. Yuwei is specialised in US, Europe and Asia markets. Yuwei worked as a senior investment advisor, providing trading/investment strategies with institutional... More
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  • Bearish On SS iShares Dow Jones US Real Estate (IYR) For Hedging QE Tapering Risk 0 comments
    Jul 31, 2013 10:50 AM | about stocks: IYR, DXJ, GLD, SLV, EEM, DBC

    We observed some emerging QE tapering worries in the macro assets, not
    yet in the equities market of which the trends remain healthy and stable.

    - US Dollar index (DXY) bouncing slightly, USD/JPY broke below 98
    - 10-Y Note broke below 20D MA -- we have been bearish
    - Gold miners and Gold are consolidating slight, as SLV/GLD heading
    towards downside
    - Japan (NYSEARCA:DXJ) below 20D MA -- we have been bearish
    - Emerging market bonds ETF below 20D MA -- we have been bearish
    - Commodity ETF (NYSEARCA:DBC) broke below 20D MA
    - REITs ETF (NYSEARCA:IYR) broke below 20D MA

    However,
    - Emerging markets ETFs are mixed, most are relatively stable for
    instance, as Argentina (NYSEARCA:ECH) is very weak
    - Basic resources sector remain strong in Europe and US

    We advise remaining bullish on equities generally, entering short sale positions
    on the mentioned weak macro assets for hedging.

    ******************************************

    Disclosure of positions and intention to purchase securities

    I do not hold any positions at the time of writing of long or short ideas (including stocks, options or other instruments) in any stock mentioned above or in any related stocks.

    I will not sell or buy any related stock mentioned above within three days.

    I have no any business relationships and conflicts of interest with the companies of which the stocks are mentioned above.

    -----------------

    Disclaimers:

    All information and opinions expressed herein contained in this article, are subject to change without notice. This document is for information purpose only. Descriptions of any companies or their securities mentioned herein are not intended to be complete and this document is not, and should not be construed expressly or impliedly as, an offer to buy or sell securities. The securities referred to in this document may not be eligible for buy or sale in some jurisdictions.

    Any prices stated in this document are for information purposes only and do not represent valuations for individual securities or other instruments. The price of securities may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. If an investment product is denominated in a currency other than an investor's home currency, a change in exchange rates may adversely affect the investment. Past performance is not necessarily indicative of future results. Certain transactions, including those involving derivatives, give rise to substantial risk and are not suitable for all investors.

    You should also bear in mind that recommendations in this document are not tailor-made for you. We have not taken into account your unique financial circumstances, e.g. your financial situation and risk appetite. You must, therefore, analyse and should, where applicable, consult your own legal, tax, accounting, financial and other professional advisers to evaluate whether the recommendations suits you before investment.

    We do not accept any liability whatsoever for any direct or consequential loss arising from any use of the materials contained in this document. This document is for the use of intended recipients only and may not be reproduced, distributed or published for any purpose without prior written consent.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in IYR, DXJ, GLD, SLV, EEM, DBC over the next 72 hours.

    Stocks: IYR, DXJ, GLD, SLV, EEM, DBC
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