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!