Early openers treading water: Kiwis -0.2%, Aussies +0.5%, Nikkei -0.5% and Sth Korea -0.2%.
Aussie sectors doing the bounce: Gold +6.1%, Miners +2.8%, Energy +2.3% and Materials +2.2%.
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
Technical Trader subscribers click here to download the report.
Not a subscriber? Follow Lee’s weekly swing trade chart picks with Lee Adler’s Technical Trader, risk free for 90 days!
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.
