Early openers pulling back: Aussies -0.9%, Nikkei -0.2%, Sth Korea -0.1%. Kiwi chart dysfunctional.
All Aussie sectors in the red led by Miners and Energy, both -2.1% and Materials -1.7%.
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.
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.