BEAR is starting to move

Well things are starting to take shape now. ASX:BEAR ETF today is showing what looks like an early sign of an uptrend. The ASX 200 had a false breakout last week on Friday and today, Monday it has failed and looks to be turning down again on the news from China that came out on Saturday morning about the 18.1% slide in exports. The NFP was a beat on Friday night and the market is reacting to the fact that QE tapering will continue for now at least. When we have a 30% + correction on the S&P 500 the Fed will restore the bond purchases. Gold will likely ease back until the world realises that Putin is not joking about wanting control of the Ukraine. I believe the tensions will escalate sooner than later. If gold does come back under $1300.00 I will be adding to my physical holding again. The VIX is not showing any indication yet but I expect it to start to move higher in the week ahead. Until it is over 15 there is not much to look at. Asian markets have recovered slightly from the opening sell-off. Have to see how it plays out. China has had their first bond default so the end game is near. The Yuan has been hit severely. I will be back with more posts as things unfold. There is no use trying to guess how this will unfold.

Below: The ASX:BEAR daily chart. It is a great hedge if you intend to hold your long positions in a downturn. It is an insurance policy or sorts.  

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