Trading Log: Negative $SPY $EEM Divergence observed on numerous charts | Investment Moats Skip to Content

Trading Log: Negative $SPY $EEM Divergence observed on numerous charts

ITs been a strange week trading. although profitable but i don’t over trade when i couldn’t really tell where the market is going.

Next week, its gonna be another bummer week. I am observing many negative divergence on the SPY and EEM. The question is how big of a bet one should speculate on. I got shit upon pretty badly last time around when i thought the market is gonna tank. it never did.

Notice that the MACD histogram is weakening and a Head and Shoulders looks to be forming.

Same for the QQQQ. Lets see if it holds 35 next week. RSI looks to be weakening and it hasn’t been less than 50 for sometime. Things might get ugly here.

I truely do not know what to think of the emerging markets ETF. Recent actions have shown that it does not tend to weaken even if the US market does.

Its more interesting for the gold stock etf. There is a strong resistence at $39. Recent action retested twice but was unable to break up. I have a small open position in this one. I think the resulting move could be very violent to the up or downside.

Perhaps the instrument of choice would be the SDS.

Looking good. To decide.

I still cannot fathom the weakness in natural gas. We thought we have a bottom when prices started to move up. Sadly it wasn’t to be. But such a low price point presents a good opportunity for long term investors and traders.

Open trading positions

  • GDX
  • Lyxor Asia ETF
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