A CHESS MOVE: I bought a 1/2 starter in $BX. Check out the chart below.
__________
__________
A GROOVE: I am grooving to the music of the emerging markets. Their collective ETF continues to lead the market higher. If you recall, the emerging markets bottomed in November of 2008, several months before the U.S. did in March of 2009. Their updated daily chart tells the story of a series of higher lows since May, with tons of upside potential should it get–and hold–above $41 (see below).
__________
___________
TOTAL PORTFOLIO:
EQUITIES: 34%
- LONG: 34% ($ARUN $BX $NR $NTAP $SAPE $SWSI)
CASH: 66%
standing by to see when you get into EEM
Well, I would probably go for higher beta individual names. For me, it is more of a broad market directional “Tell.”
what do you think of the CENX chart Chess?
Looking healthier, but it needs time to keep setting up. The 50 day is still sloping down hard and should cause choppiness. I would slowly layer in here.