Emerging markets look to be bottoming–Favor China, Brazil

Technical Strategy Video:

Key Takeaways

  • US Equity trading lows look near;  Yet, Friday’s churning hasn’t provided confirmation yet, which likely happens next week, either at lower or higher levels.
  • Sector-wise, the rising US Dollar looks to have hurt Industrials this past week, and Discretionary and Materials also underperformed, while Tech held up relatively better
  • ARK Innovation ETF looks like a good risk/reward to bottom out in the short run, after a 50% decline in nearly the last three months.
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