Back To A More Neutral Posture

It looks like the selling I was looking for was already done. I moved back to a modest short posture by adding to my longs. I was expecting more out of the trade but it could be worse. I don't know what it will take to get this market down if $50 billion in secondaries doesn't do the trick. Have a great weekend.

2 comments:

Chaos! said...

What metric do you use on gold that has it oversold? I'm close to taking a position, but would be interested in any timing metric.

Tsachy Mishal said...

Just a crude 10 day moving average. I find it works best for stocks. Not sure how it works on Gold. Thursday was day ten of the decline. That should lead to a bounce.