I am not at the office today, so here is a quick mobile update. With reference to yesterday’s update, here is a picture that is worth 1000 words.
A cut and dry picture as HUI tries to retake the trend line. HUI should hold the recent lows and preferably get back above 355-358 or the weekly chart and its bearish implications would take over.
As a side note, I took a profit on the silver bear fund ZSL this morning and look forward to focusing more on broad markets, which to my view have a much worse risk vs. reward proposition.