My longs held up at the near support

However I have exit my position in EWZ as the chart seems to be the most broken of the 5 and I don't want that much risk going into the weekend.

Positions

Right now I have 7 positions opened:

Long:  EUR/USD

Short:  Real Estate, Financials, Energy, Material, Far East Region, Small Cap Index

Real Estate & Financials are the two that are strongly bearish .. 

3X Leveraged ETF's

Direxion Shares is offering a list of 3X leveraged ETF's

BGU/BGZ  Russell 1000 large cap

TNA/TZA  Russell 2000 small cap

FAS/FAZ  Russell 1000 financial

ERX/ERY Russell 1000 energy

DZK/DPK MSCI EAFE Index

EDC/EDZ MSCI Emerging Markets Index

TYH/TYP Russell 1000 Technology Index Index

http://www.direxionshares.com/etfs

Positions

Today I opened several positions, bearish via leveraged inverse ETF's of sectors/regions:

IWM, EFA, XLB.

Along with existing bearish leveraged positions:

IYR, XLE, XLF.

Long position on EUR/USD.

EEM vs EEV Emerging Markets ETFs

It looks likes EEM/EEV provide profitable opporunities back in June 2008, stay tuned for analysis.  EEM is a regional ETF focusing in emerging markets, in my opinion it can be categorized as medium risk.  Russia, India, Chile, etc would be considered higher risk.

Blue arrows indicate the place that short positions can be entered, if we are not comfortable w/ shorting or we want more leverage, we can enter long positions on EEV instead of shorting EEM.  EEV is theorectically the double inverse of EEM.  So our everage enter price would have been around $65 w/ stop just under the red 50MA.  We see that the range of bar started to expand quickily, the risk is quite high to enter positions on double inverse leverage shares when the range expanded so much.

If you notice in late Oct the EEM's PPO indicator had a bullish crossing but still below zero.  However the EEV's PPO indicator had a bearish crossing AND it has also entered negative region!  Shorting EEM would give you approx. 60% gain max, but longing EEV gives you approx. 220% gain!