Over the past couple of days, I have tiptoed back from battered bear to somewhat more aggressively short. I began the week about 115% committed and now am at about 170%. Not full-blown snarling and blood dripping from teeth, but at least not rocking back and forth in a corner.
One warning sign that merits at least a little caution is the clear bullish breakout from the emerging markets:
Setting this aside, just about every important ETF I am tracking is shrieking “Short Me.” Regardez Vous:
