Buy Germany
Our regional Matrix (see below) is OW Europe, as its EU sentiment grade is bullish at +28% (while US or Japan have very negative sentiment grades), its valuation less expensive than US, and its contrarian trend showing…
Buy wti Oil (and stopped)
At the gathering in Abu Dhabi, Saudi Arabia, Russia and other oil-producing nations are set to debate output cuts for next year of as much as 1 million barrels a day, according to OPEC officials. Oil…
short ESZ8
Since our purchase last week, the S&P500 has rebounded by 150 points. Following our pattern (2016 and feb2018), the upside should be limited: we sell half here and another half at 2850.
Short Defensives
We are shorting defensives and the SMI is the proxy for defensives 1- Short SMI for 8600 2- Short XLU for 51 3- short XLP for 53.8
close our 2nd short on S&P500
After having closed our first short on the S&P500 last week at 2715, we close our second leg as the S&P500 has reached a strong support at 2600. 2600 corresponds more or less exactly to Jan-Feb…
we close totally our short hedge in EEM
38-39 represents a major support level for EEM (2oo days moving average of weekly prices) and we want to take profit on our hedge at this level
major buying level
The S&P500 has nearly reproduced identically the sell-off of February 2018, with a first down leg at 2715, a rebound at 2825 and the second down leg at 2650 (the exact miror will be a low…