Something to look for, this will move either direction and agressive way, the TBT.
I started to buy some stocks today as mentioned day earlier. Will pick up even more, I smell too much fear in this market but there is another reasons also. I cannot full trust that CASH is actually any kind of safehaven, in fact it could be way much more risky than anything else in here and gold never has been my friend so much either, for US dollar I would not touch with 2 meter stick.
Third reason is that I had done pretty well with DAX futures over the passed month and time to start roll in some profits to somewhere.
These stocks will join to my to my high-risk portofolio (which is empty yet) before Jackson Hole. I have no tendecy to sell them actually before christmas now matter what this market do unless there occures some extraordinary rally of cource.
There will be more of them, ~30 stocks before this ween end, basically I am looking as hammered stocks as possible, prefer if minus 70-80% off the price has been cut off, more quickly by time – the better.
But that is not trading, just filling something to portofolio and no leverage used either, I do not even follow them for few months what they are doing. This is inverse / contracy view with all the current medias in these days and it is one reason for this action. For most of them I have to be able to determine W2/W3 conditions is possible by theory point of view like for this PIKE. Targeting for 30, perhaps 40stock collection none of them will be SPX500 index attatched stocks or QQQ or DowJones either.
