20DMF and USD

The 20DMF is just following the SPY price trend, but we can see that IWM are underperforming compared to the Cumulative Tick.

The Cumulative Tick might be an indication that those who invested in larger caps ETFs are not getting out for now,while the small caps are being sold.

However, the story today is that The US$'s bounce of the past three days seems to be failing. Wait for the US$ to gain strength before shorting emerging markets/China.


Pascal

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