Personal Mail_26Feb – Negative breadth reading

Hello!

Market breadth has dipped to negative reading after flitting around near neutral levels for the past few days. HongKong and US have dipped to negative.

The dominating headlines are the potential victory for Berlusconi the ex Italian PM who is seen to be favourable in leading Italy into deeper debts with more popluar policies :p and also the imepnding automatic spending cuts by the US government.

We continue to be led by market sentiment and if tomorrow there is price confirmation (ticking down to today’s low), we will exit, and profit take on our pseudo portfolio.

so will do a wrap up if we completely exit all positions then,….cheers!

PM26Feb

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s