Tuesday, March 4, 2014

US market goes back to its uptrend

Three charts:

Dow transports moving up is confirmation of an uptrend, no?

R2K outperforming the SPY and breaking to a new high is proof of a bullish uptrend, no?

Regional banks going +3SD must mean housing, small financing, and the spread are going to improve, no?

The chart is the chart.

Yeah I own some ZUB, Canada's equal weight banking ETF; and HSU, which is the SPY 2x long. But no IWM. And I still own my Europe, though maybe that's set to underperform for a few months - I like the dividends.

Wanted to buy more and zero my cash yesterday, but didn't get the opportunity and was too scared to expose myself to continued downside risk.

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