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Pascal
09-18-2012, 03:20 PM
First, the Real estate/housing sector is looking good here.

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Oil is under pressure, but so is the USD

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FXP (Inversed China ETF) is also under pressure. This is more difficult to understand, but better not to keep a long FXP position under such conditions. I will short FXP if it bounce to $27 while large players continue selling.

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Pascal