USO - Long Hold.

22 thg 4, 2020

Amazing what is happening with OIL. especially USO. I know there is a lot of fear in the market...but imagine you were sitting on some cash (cause you listened to Matt about financial markets being overbought and you protected yourself).

Imagine you bought USO at this level...imagine in 10-15-20 years what that position could look like?

Sure we could all go electric, not happening anytime soon. Plus everything is made of plastics (reality).

Sure we could run out of oil...wouldn't that drive prices up?

Sure we could go lower, more upside than downside from my analysis.

I see this as an amazing place to buy this equity, I will ride whatever drawdown comes and be holding for 10+ years.

Good luck out there...these are crazy times. but acutely crazy and we shall all be on our feet again soon(ish) I hope!

-Matthew Armstrong - CFTe

23 thg 4, 2020

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I'm getting plenty of comments and DM's about this. TO BE CLEAR! I am not telling you want to do...I am posting information on Tradingview as a discussion ONLY! Manage yourselves and your money accordingly, this IS risky, but so is EVERY choice we make in Financial Markets. Please consult your financial professional.

23 thg 4, 2020

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Up 13% early morning...anything can happen, I see this as very encouraging.

30 thg 4, 2020

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Reverse split and a couple of strong days up. good news so far.

5 thg 5, 2020

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This ETF has not yet gone to zero...encouraging.

21 thg 5, 2020

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Full - Disclosure. I have sold off some of this position, not quite half. I see resistance coming into the oil market, I have enjoyed a gift of several gap ups in this ETF.

11 thg 6, 2020

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I have locked in more profits on this trade, a portion left to run or tank to break even.