What else could go wrong in markets ?

Markets tumbled badly last week and saw " extreme volatility "

VIX enjoyed the panic and shot up to 25 area....

GLD loving the panic and wants to go higher....

Oil tanking like no tomorrow....

Chinese Yuan....playing with lucky 7 UP & DOWN...

Semiconductor stocks got hit with " NO HUAWEI "

OH...the trade talk with China & USA....might as well cancel till US election results...as it is becoming the biggest strategy for both US & CHINA...stall and wait it out till election and then get a better deal......

OH....North Korea keep firing those missiles to provoke or prop for a better and improved US concession......who knows....

And Iran..got its own strategy in Persian Gulf....

Britain...got its own troubles and Pound sinking in Atlantic.....

Finally Hong Kong......will it or wont it.......

OH about market.....yes there is a stock market worldwide and they really do not have a clue why the world is fallen apart all of a sudden......

Only SOX is above 50 DMA in all its turmoil....

GLD is 5 deviation above 50 DMA....

RSI is loving 40 in all indices.....

XLE RSI is sinking in mid 30's

GLD RSI is 70 and counting...

I think this is a market, you need to be in stocks with improving fundamentals and stronger technicals...

AMD is 13 year sky high......

CMG......keeps going UP......

BUT loved stocks like MU...keeps sinking.....HUAWEI gets the credit

SO....be brave and be in market with a diversified portfolio, sooner than later we may ignore all game playing by HFT & Governments and will keep going higher.....

WHO says market does not like " uncertainty "

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed