Market Sentiment
The
market is bullish despite with the recent 0.5% decreased on Tuesday. According
to the news and blogs, the hype is because of the expectation of the market for
central banks to "print out
money". With an increase of money supply, the long lending rate
decreases. This will hope to spur spending and economy may seem to improve. With this hope, markets
rally around the world. Will this hope turn into reality? This will an
interesting play to watch.
Strategy
Oil - I
will keep my Oil ETF positions.
Long Oil
Entry:
96.52
Exit: ??
Stop
loss: 95.52
Position
Size: 0.5
Reason:
there should be a upward pressure when it touches 200SMA.
Result:
It is
unfortunate, I got stopped out as the market whipsawed. I will have to widen
the stop loss from 100 pts to 150 pts.
No comments:
Post a Comment