I’ve written a few times in my journal that a good way to mitigate risk is to hedge long positions by shorting the weakest markets. A few of my stop loss orders were triggered during this down turn and made me book losses. But I have been short the Emerging markets via the EUM ETF which allows me to capture profits as the market goes down. It reached my initial target Friday of $38.30 and it looks like it may continue lower. Next target is $36.26.
- EEM Weekly Chart
- EEM Daily Chart