I still ‘like’ but don’t ‘love REMX, otherwise it would be an official trade. Not sure if you caught my reply to your stop question on REMX yesterday but here it is: The stop would also depend on one’s average entry price but I can say that REMX has decent support around 14.15 so not too far below that for a max. stop, possibly higher depending on one’s entry. (end reply).
So basically, I think that an underweight position in REMX makes sense for small slice of the pie (one’s total portfolio) as both a potential long swing trade as well as a way to diversify one’s holdings. REMX could be bull flagging here but would need to start moving impulsively higher asap for that to be the case. If so, next buy/add-on signal to come on a break above the recent reaction high from earlier this week.
Gold still looking good & would likely rally pretty strong if my near-term bullish scenario on the equity market fails to materialize while it could face some headwinds if it does although I wouldn’t expect much more downside & based on charts of gold & the EUR/USD, I could even see a decent chance that it rallies along with equities if that bullish scenario does being to play out.