TURd
Mis à jour
I think the Lira rally is over, TUR appears to have broken the trendline. Keep in mind that this is not currency hedged, so you're basically betting against the Lira currency.
I'm always looking for things to short since I can't get bullish on this market. I expect the US market to bounce later this week, but that won't help the Lira.
I'm always looking for things to short since I can't get bullish on this market. I expect the US market to bounce later this week, but that won't help the Lira.
Note
The currency is holding steady but the Turkish market BIST-XU100 is tanking. Looks like it's breaking downward out of a pennant. If it breaks the support at 85k, it's straight down to 72k.The reason why TUR didn't form a pennant is because it isn't currency hedged and the Lira bounced. Funny how the combination (market & currency) looks like a bear flag.
Trade fermée manuellement
Closed this position today to focus on US equities. Pattern is still valid though, and the Lira will tank if the Feds go through with the rate increase.Transaction en cours
When in doubt, short garbage. BIST and Lyra both appear to be in trouble, taking a small put position here. A little of Jan and Feb puts.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.