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
- 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
- Emerging markets ETFs are mixed, most are relatively stable for
instance, as Argentina (BATS: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.
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