Sum
DXY perking up has correlated with some stall in many global indexes, which have produced huge gains and been favorites for most of the year at TPP. Thus far ACWI, FXI, KWEB, EEM and INDA not too bothered by DXY move and still seem to me like they could go higher. EWZ the notable laggard, below Q4P.
DXY
2nd time above Q4P from 10/20 has been the definitive move so far. YS1 (thick green) first resistance but now starting to clear. Should this continue, perhaps some pressure on global indexes.
ACWI
No problems here, above Q4R1 and could see 2HR2.
FXI
Favorite for months, above YR2 but some trouble at Q4R1.
SHComp
Below NovP but doesn't look too bad with Friday's hammer.
KWEB
Some shakeout after massive run but just held YR3 as support.
EEM
Q4R1 difficulties but above NovP and 2nd time clearing 2HR2. Still looks fine.
INDA
Looking good!
EWZ
One of the few stock indexes below Q4P with Friday's break. 2nd rejection from YR1 10/23 has been definitive.
RSX
Also somewhat weaker, below NovP.
