SSO,BKX,SOXX,Bonds

We have long exposure to the SOXX and BKX indices. These two

sectors still look attractive.


The risk for any long Soxx is 55 stop close.

BKX ( Philly banking index) the true stop is a 49 stop close.

The short money stop is now just below 50.


Those investors wishing to trade or add to the SSO (double long Etf) have to risk a close below 46.


You should not be in a rush to do anything. The bonds are still the best risk/reward on the board.


A close above 100.50 in the Aussie cash is needed to confirm more short term stock upside.

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