Systems Price Action

The Tape is o.k., not blazing but o.k.

My best short system has no positions, thats a good sign.

My small cap reference system (value, momentum) put a new high in yesterday, so that is a positive for the market too!

Tech small caps also sailing along:

Cons. Cycs small caps not super strong, but o.k.

Energy small caps, and that is a strong bullish sign, saving themselfs from a lower low on the capital curve.

Same with Industrials small caps

Even China ADR Stocks had a bounce (but still not investable, higher high needed!)

And also (of cause in a shallow slowing GDP and Inflation regime) my nasdaq 100 System made an ATH yesterday:

As I stated yesterday, even internationally things look (from a technical side) not too bad. Only 10 of 40 Countries I follow have a sell signal on the monthly chart.

Only thing that is not humming along is China and that prevents us from getting to a deeper goldilocks or reflation regime. What would really be nice if China starts to pump money into the system again, but so far, no signs of that.

By the way, I do not expect the tech crackdown in China to stop soon. It seems like China simply rethinks its state capitalism a bit more to the side of socialism.

Also, investor orientation is the best in the USA, and I think not so hot in China.

I stay with the positions of yesterday and the hedge ($TLT) is on until further notice.

TLT

QRHC

ICL

MG

DLA

BVH

III

NETI

HSON

SIM

UPST

CDR

IDT

GBTC

NANX