Push! Push! It’s Emerging!

By Tim Knight

I have 88 – – count ’em, 88 – – positions. All of them short, of course. One of my favorites, which I’ve mentioned so many times here, is EMB, the fund for emerging market bonds:

embclose

As I’ve suggested with the arrows, we are approaching key support. If we break it – whoop-de-doo! – – it’s breakdown time.

slopechart_EMB

I don’t have any shorts that are bigger that this one.

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Gary

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