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

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Gaurav Gupta

Gaurav Gupta Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @gg_veritas

16 May
#US #IndustrialProduction numbers were released yesterday for Apr-end. The picture isn't pretty. Showing below how bad it was in the last 2 months in actual numbers. (comparing Feb-end with Apr-end; Grey areas show previous recessions). The index itself declined 15.3% (1)
PART1: Industries underperforming the IP Index

1. #MotorVehicles & Parts - down 80% in 2 months. It's the LOWEST since 1972. (2)
2. #DurableConsumerGoods - down 47% in 2 months (3)
Read 17 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!