I haven’t posted for sometime, cause i have been busy with work and a side project.
Now that i am on a 3 day course, it gives me sometime to ponder about the market. We have quite a run up, but that doesn’t mean it couldn’t run up further. I still remember the 2003 bull where it just keeps going up and up taking every body off guard.
If this week turns out to be a down week, we might still be in a bullish scenario. first support for s&p 500 is around 790. bullish investors can look to add to this down trend. should the 700 level not hold, be prepared to take some loss of 10% and cut it.
My GLD trade sometime back didnt go according to plan. i exited witha 9% loss but it would have been worse if i didn’t. Sometimes cutting off weeds makes you grow better.
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.
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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. All opinions on Investment Moats are his own and does not represent the views of Providend.
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