USO looks to be doing the same merry go round thing again. When will it clear that resistance????
I Closed out the GDX trade at a 10% loss. It looks like i should take a stronger indication from the negative divergence that i mentioned previously. Nevertheless lesson learnt is really to see the actual signal then to anticipate for it. Glad that i managed to close it as it close more down then the price i closed at.
Key levels that we look at are 28 bucks and whether it will cover the gap at 26.
Big up day! The rebound everything is waiting for. But will it hold? I serioulsy do not want to guess. There are many 5% moves in the past that fizzles out to nothing. this is likely as well.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- What Valuation Will Make Software/Tech Business Look Like Great Investments? - January 17, 2022
- A Great Practice to Internalize What You Learn About Money - January 15, 2022
- How the Stock Market Reacts to Recent Quantitative Tightening and Balance Sheet Run-off - January 12, 2022