Market is ok, but shows negative diverging
文章来源: 越王剑2014-07-29 15:31:09

Market is ok at the moment. Uptrend is still very much intact. However, some negative diverging shows up in S&P and QQQ. Which tells us it is time to be cautious. Add some protection and raise some cash.

By that said, small cap seems hanging inside oversold zone. I think it might perform better in coming weeks. So there is really no reason to be very bearish nor very bullish. And absolutely no reason to sell all because of fear of 20% correction.

Refer to my previous article, I am up 50% in TWTR, 23% in FB. 2 out 3. And waiting for ISIS to pop.

Another point is that people once again start to recognize China stocks. So I am selling FXi and KWEB here.