We currently have one long position in the short term US portfolio which is SBAC. Not much to report with it but continues to look promising. What is promising is the recent price action of the broader indexs that are tending to ‘flutter’ lower without conviction. This, in our opinion, is a very positive sign. We’re cautiously bullish the US but awaiting our daily trend filter to confirm itself before increasing risk again.
On the non-formal recommendations we have a few positions but Ivanhoe Mines (NYSE:IVN) is making a nice run of it for us.  Here is the chart:
Click to enlarge
We have a number of new trade setups for tonight and I’m looking forward to seeing how they trace out.
Nick
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