Thursday, December 1, 2016
Emerging Markets EEM - My Pick of December!
If you look at these, they are
almost all bearish in some way, with the exception of the SPX and TCMP, though the Dow is approaching a bearish turn (Monday?)
FTSE is Europe
But look at this list of others that are quite bearish
EEM might be a nice short to cover the batch.
So what does EEM look like right now? Note, I've put the alternate system on top of the compression system.
Also EEM is going to be easier to deal with due to higher volume.
So there is a definite compressed sell signal here. I personally am waiting until tomorrow. I don't know if that will be a mistake or not!
This is also a sell on the old system but there's a limit to how many redundant screenshots I want to take.
I will make this my official "Pick of December". I can't guarantee it will work, but I can't do any more to be right than what I've got right here.
My other pick of December is short DB, starting tomorrow.
My other other pick of December is short copper. Also short FXE.
I will later evaluate my 4 picks of the month to probably humiliate myself.
I looked into EEM, it's got a lot of India and China in it. Some Russia, Middle East, Korea, South Africa, Brazil.