CHINAXLX

Rare double false breakout. Catalyst is same-sector Potash rejection of BHP takeover bid. Holding XLX for two months, finally awaken?

Backtest

Last week major stock indices took a beating. Still sitting on my long portfolio as I see it as a test of the prior bullish breakout. What is worrying is at a time when indices are strong and vibrant, a good number of stocks are at their lows. Underlying weakness in market?




Tip: here's a simple way to tell direction of trend of a stock or index. Compare the price today versus one month ago. Is it much higher -> bullish. Is it much lower -> bearish. Is it about same price -> ranging.