Chop Chop, 18th October 2022
🖼 Daily Technical Picture 📈
➤ Prices did at U-turn (again) and reversed all of Friday's losses with Financials/Banks leading the way. We are back in a ranging market with this yo-yo type action. Prices may attempt to move higher to the top of the larger range if VIX continues to contract.
➤ I took profits on my European long positions as exit signals were given by my Strategy. I added a small long position in S&P500.
➤ I'm long with +20% exposure. I may add more US exposure if prices weaken. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: I don't know when the chop will stop. It can be a tricky environment to trade especially with such large daily moves.
➤ Prices did at U-turn (again) and reversed all of Friday's losses with Financials/Banks leading the way. We are back in a ranging market with this yo-yo type action. Prices may attempt to move higher to the top of the larger range if VIX continues to contract.
➤ I took profits on my European long positions as exit signals were given by my Strategy. I added a small long position in S&P500.
➤ I'm long with +20% exposure. I may add more US exposure if prices weaken. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: I don't know when the chop will stop. It can be a tricky environment to trade especially with such large daily moves.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.