Sir John Templeton always encouraged investors to diversify. In other words, don’t put…
The premise is that you can/should find assets that act differently. Is diversification that easy to accomplish in today’s world? Currently around the globe we see an”all the same trend” taking place. It has clearly become a challenge to own assets that “act differently.
Emerging Markets and Brazil were purchased last week, when multi-year falling resistance was broken and have moved a few percent higher. (see this post).
Game Plan…Went long the first of the month due to bullish patterns and have enjoyed the 8%+ plus rally in the 500 index. Keep these long positions, DO NOT HARVEST YET….Keep your stops tight to protect gains!
If resistance holds and support line (1) is taken out… new plans will be posted.