Yan Can Short
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FEEDI have purchased October 27 2024 $27 puts on FXI, the ETF based on the
Chinese stock market. I’ve got a stop-loss of 26.26, meaning I’ll exit
should it...
2020-11-17
Emerging Markets Reversal at Top, SPY Fails Again, XME Looking Shortable Soon
Last week I posted the failures in major indexes. I missed emerging markets, the EEM fund also reversed lower after breaking its old high intraday. SPY has failed again. More interesting is XME because if it fails around $30 it will signal the inflation narrative is taking damage. Copper is also a failed breakout at the moment. Of the major indexes, I'm mostly short the Nasdaq, specifically the NDX via QQQ, with a small short in the Russell 2000.
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