The 20DMF continues to look weak here, but is still close to issuing a buy signal (probably tomorrow).
The CTick is somewhat stronger.

As of now, with earnings season starting only in a few days and the possible negative impact of the US$ which is now well written about, I do not see funds increasing their long positions.

They might continue to limit risk and hence I believe that the general tendency will be on a risk-off move, until the first earnings are out.



Pascal

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