Trader; views are my own; I don’t give investment advice; here to share and discuss ideas.
Sep 13, 2020 • 7 tweets • 8 min read
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/
May 16, 2020 • 17 tweets • 11 min read
#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)
