-Manufacturing PMI < 50
-Expect Semiconductors to under perform the market.
-Sector roatation out of cyclicals.
Cons:
-Still in a downtrend.
-No moving average momentum.
-No trendline breakout.
Long: TLT / Short: SPY
Almost breaking out of 38.2% Fib levels'
Momentum is growing - 60 MA almost crossing 120MA from below'
Almost breaking out of trendline
Secotor Rotatiion - Equities to Bonds.
PMI's < 50
