Before I talk about my positions as such, I’d like to point out that the Dow 30 fund, DIA, has slipped under its breakout gap. Thus, we have a failed bullish breakout, albeit a modest one.
Anyway, the counter-strike from the bulls is in full force right now, with the /ES raging over 50 points higher and the NQ up many hundreds of points, thanks to the permabull mentality that Zerohedge has been touting (and which a few here obediently applaud). My only two ETF positions are outside the U.S. of A., and so long as they do not violate the horizontals I’ve drawn, I am sticking with large shorts in EFA:
As well as EWZ:
Be strong, the one or two of you out there who stands alongside me!
