In today’s briefing:
- Still Bearish, But On Watch for Bear Market Rally; Buying Toshiba 6502-JP, Defensive Sectors
Still Bearish, But On Watch for Bear Market Rally; Buying Toshiba 6502-JP, Defensive Sectors
- The DAX and Hang Seng are reversing their downtrends while MSCI China (MCHI-US) and China Internet (KWEB-US) are currently testing their respective multi-month downtrends.
- Reversals of these downtrends would signal a bear market rally in progress.
- We will need to see more basing, followed by base breakouts, in order to get bullish — a process that would likely take weeks or months.
Before it’s here, it’s on Smartkarma
