I don't post about these every week but watch and often have positions.
From the perspective of tax cut this is not that hard to understand but suddenly nearly all of the 8 I track are below DecPs. In fact, all but broad index ACWI. EWZ the weakest of the lot, under Q4P for the 3rd time.
ACWI (like NYA broad index)
SHComp
Holding Q4P, below DecP.
FXI
Below DecP.
EEM
Below DecP.
KWEB
Below DecP, nearing Q4P.
INDA
Below DecP.
RSX
Below DecP, holding Q4P so far.
EWZ
Break under OctP at slanted arrow; then NovP resistance on bounce; below Q4P 2n3rd break, slightly below DecP as well.