As #tech sold off in the last 2 weeks, there were still places that were resilient during this time period. Whether tech gets through the consolidation phase or breaks lower, time will tell.
Meanwhile few ideas on longs and shorts going forward. 1/
On the long side, equity exposure in #transports, #materials and int'l mkts like #Germany and #Korea worked well. Exposure in these areas continues to stay bullish.
Vols are showing upticks as well, so should stay careful.
$IYT $XLB $EWG $EWY
2a/
Commodities in bullish trend while #Gold and #Silver are consolidating for the time being: #Palladium, #Copper, #Coffee, #SoyBeans
$CPER, $PALL, $JO, $SOYB
2b/
On the short side, #Energy, #Realestate, #Aerospace remain in a downtrend.
$XLE $XOP $XLRE $ITA $THD
3a/
Int'l equities in #Thailand continue to pay short-sellers.
Commodities starting to turn down if one wants to hedge the commodity exposure a bit - #sugar and #oil.
$THD $SGG $USO $BNO
3b/
I am not sure what to make of oil's recent move, it's certainly bringing up some fears about glut of rapid price decline as travel season ends. It somehow coincides with the mkt decline for last 2 weeks in leading tech sector.
Next 2-3 weeks should be very interesting. 4/ end
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.