Clearly lots of hot money leaving our shores (and commods) with the USD bounce but the signs from US quite good on the whole and I would blame the afternoon sell down (on NYSE) on technical reasons (DJIA 10500 again).
One idea atm would be to buy the RUT - good for both USD strength and the strongest looking US index imo. Unfortunately the Russell 2000 ETF (IRU) very illiquid and I have no other way to make this trade. Higher risk fixed income also good.
Some charts that caught my eye from Friday:
USD surging
Vix going nowhere
Treasuries dumped
Russel 2000 looking strong
Mortgage backed securities in high demand - corporate bonds also good
which way monday, page-38
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |