BO to DT = ?

Let's think about what moves we have seen from 11/9 thus far:

Interest rates have spiked, bond ETFs (TLT & others) correspondingly tanked, with both moves helping generate big lifts for financials.

Industrials (DIA) led up on the main USA indexes.

Biotechs had a huge relief rally too, with DT not having same fervor to control costs via regulations that H does. 

Yet Tech via QQQ has started to lead down. Maybe this doesn't last forever as Tech is still vital component of economy but this is the post-election move thus far. Just compare the bars on charts posted yesterday in the daily comment with DIA soaring to a new high and QQQ dropping all the way back down to nearly test pre-election lows!

Global stocks are doing about face after months of decent performance. This was an easy spot because if you had any EEM longs coming into 11/9 it was down while other things were up! Several USA indexes held or recovered pivots, but EEM did not and closed below the Q4P. That was enough for me in this environment to cut long and reverse short. I pointed this out in the SPY daily comment and since then EEM has gotten hit hard. Other global stocks are dropping too: FXI China, 2016 leader EWZ Brazil massive decline yesterday, India ETFs weaks, and even RSX getting hit. 

Given likely policies of PEOTUS, I think these trends are more than 2 day affairs.

Given the bling bling predilections of the administration to be, I'll be watching GLD carefully too. It has already held up quite better than TLT on the decline. Let's see what happens.