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.
