May-6 Daily Market View

If DOW could hold 12700 area, then this small correction will over and I would expect buying zone would be 12650-12750 with stop loss 12500. Following sectors and stocks could be your targets:

• H-Share ADRs, CAF
  
• Indian ETFs
• Brazilian resource stocks
• Tech and transportation

For candidates for short and put as hedging purpose, consider bond insurers and financial stocks. In current market, any short position will be highly risky. Volatility will be quite limited.