The Last Defence III, 28th Sep 2022
🖼 Daily Technical Picture 📈
➤ No prize for those of you who guessed the title of today's update. It's growing a bit tiresome. As in previous days, prices opened higher and ended lower. As suspected, with VIX moving higher, S&P500 set a new yearly low in the process but was able to close above the support level.
➤ This tiresome behaviour may bring about some Bullish respite. As prices have continually tried to break the support without any convincing level of success.
➤ Further clues for a bullish bounce comes from my long/short equity trading. I trade the components of the Dow30 (DJIA). Some of these stocks are intensely oversold and I entered a long position in one stock.
➤ I also entered small long positions in DAX and EUSTX50. My exposure is +40%. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: I have dipped my toes in to test the waters. May Last Defence III reign long.
➤ No prize for those of you who guessed the title of today's update. It's growing a bit tiresome. As in previous days, prices opened higher and ended lower. As suspected, with VIX moving higher, S&P500 set a new yearly low in the process but was able to close above the support level.
➤ This tiresome behaviour may bring about some Bullish respite. As prices have continually tried to break the support without any convincing level of success.
➤ Further clues for a bullish bounce comes from my long/short equity trading. I trade the components of the Dow30 (DJIA). Some of these stocks are intensely oversold and I entered a long position in one stock.
➤ I also entered small long positions in DAX and EUSTX50. My exposure is +40%. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: I have dipped my toes in to test the waters. May Last Defence III reign long.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.