its taken the yr off to recuperate, waiting for the patient to stretch her legs
I really dont care if it biotechs , bonds, or gold, I just want it to non correlated, and doing what its supposed to do in my portfolio. so far this year its acting like I want it to.
which direction carries more risk ? I have some dry powder, making up losses is harder then missing some upside IMO
no reason for risk here, wait for the resolution
I am treading carefully with my long exposure as I DO NOT LIKE THIS RSI LOOK, a nice bull trap up here makes most sense, 50% long 30% bond %20cash
if the inverse head and shoulders reads correct, more gold gains to come, (long from august 1st)
in spite of going back to the highs, "the market" seems quite tired, my own internals are no where near the highs, as many of my holdings/funds are not participating along with the indexes. value line geometric shows this best I think. market seemed to know this easing trade war headline was coming, as always, price proceeds news
pretty decent price action inside clearly defined ranges
this is weekly RSI, this last thrust lower puts weekly rsi at all time low, I think with retail earnings coming in stronger it could spark the dog to turn around, plus you collect ten percent rent to wait
above 32.4 is constructive, weekly rsi just about overtaking down trendline, 36ish seems reasonable target, and of course collecting rent while I wait. I am long from 31.73