There are plenty of strong charts out there still and I wouldn't be surprised if we turned higher soon, but I need the market to manage something of a short-term low before getting involved. I am okay with missing the beginning of a rally, when and if something ensues, and I'm not interested in taking on shorts if things worsen; being on holiday.
If I were a nicer guy or on a normal schedule, I would list the leadership stocks I currently consider best poised. No such luck for you in the month of July, however. Get a haircut, go outside and I'll continue to rest-up and write but little; though I will convey new trades via Twitter.
Also, for the few who expected entertainment whilst I was away, I clearly mismanaged expectations. I've been much busier doing nothing than I ever realized. That may get flowing soon, but don't get too eager when you reload this page; I'm capable of disappointing your kind even longer.
Regarding my position I still have PEET (3.7%) and MRVL (3.4%) long, which refused so far to stop me out. As well, I just added 6.66% long EWT long, but this is more of an intermediate-term play and not a trade (assuming nothing dramatically negative develops in the Asian markets).
Don't do what I do, but I'm still keen on buying Asia on pullbacks. Taiwan in this case.
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