Yesterday was a really good day for oil and Russia profited
from it as was showing RSX up almost 2% and RUSL up 5%. I think RSX is one of
the best investment to have in a long term portfolio. However, I think that we
will see it going down today even if it’s up about 1% pre-market.
One of the reason is that we may see a pullback in oil today
and an attractive price to short RSX (close to $18.00).
According to my morning analysis, we have approximately 9%
chance to see RSX up today and 91% to see it going down. That being said, it is
necessary to pull the trigger at the right moment because volatility is
expected. If the opportunity to buy low and sell high presents itself and you
don’t seize it, you might be stuck with a dipping ETF tomorrow.
I entered RUSS at $11.85 pre-market and I have a stop-loss set
at $11.50. I think RSX might go down to the low $17s, and if it happens that’s
when I’m going to start placing take profits for RUSS.
What is your plan for today?
Wow sir another great call...wish I would have bought on the 11.56 dip this morning
ReplyDeleteThanks! You made more money with gold today?
ReplyDeleteNo unfortunately I haven't. i'm currently in DUST at 1/3 of my account...I'll need to average down I'm at 14.22 I'm waiting to see when I should buy another 1/3...
ReplyDeleteI may just start riding your coat tails sir. What software or websites do you use to do your analysis, if I may ask?
ReplyDeleteOnly excel, yahoo finance when I need historical prices, and my head:)
ReplyDeletewow...your head is good
ReplyDeleteI'm looking forward to your next game plan...I will be visiting your site every day and recommending it to others
ReplyDeleteGlad you like it Peter. That's why I take the time to maintain it.
ReplyDelete