KOREA is one big factory with the full gamut of output, from ships to semis. The index is a key barometer for global cyclical momentum. Consolidation is complete
Trade active
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Long global cyclicals in play.
Trade active
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Massive break out to the upside. Let's see what Powell says this afternoon but the Kospi is suggesting a massive move higher for cyclicals, and that includes commodities.
Trade closed: stop reached
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Kospi has rolled over. Pretty terrible sign for global cyclicals.