16 September 2013
Not want to trade aggressively recently due to following major uncertainties / factors
Almost in net cash position again in US market, waiting for next opportunity...
Not want to trade aggressively recently due to following major uncertainties / factors,
1 Impending FED tapering after FED meeting from 17 Sep 2013
2 Impending US debt limit bargaining between US Democratic and Republic parties again at around mid Oct 2013
3 Threatening of air strikes to Syria by US with France and UK due to mass killing chemical weapon Sarin gas attack to Syrian civilians causing death of a few hundred people including women and children, which is the reason cited by the western countries for air strikes but no one is sure so far which side, Syrian government or the rebels, has done this. Due to strong opposition of Russian and series of Russian actions, US has to accept Russian proposal that Syrian government hands over the chemical weapons to UN for destruction to avoid air strikes.
4 US main indexes failed to drop to pessimistic level (RSI 14 reaches 20 or below)
Not want to trade aggressively recently due to following major uncertainties / factors,
1 Impending FED tapering after FED meeting from 17 Sep 2013
2 Impending US debt limit bargaining between US Democratic and Republic parties again at around mid Oct 2013
3 Threatening of air strikes to Syria by US with France and UK due to mass killing chemical weapon Sarin gas attack to Syrian civilians causing death of a few hundred people including women and children, which is the reason cited by the western countries for air strikes but no one is sure so far which side, Syrian government or the rebels, has done this. Due to strong opposition of Russian and series of Russian actions, US has to accept Russian proposal that Syrian government hands over the chemical weapons to UN for destruction to avoid air strikes.
4 US main indexes failed to drop to pessimistic level (RSI 14 reaches 20 or below)
Labels: Thoughts
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Items 1 and 3 failed to become realities. Item 2 ongoing. For item 4, RSI 14 for both S&P500 and Dow 30 did drop to 20 or below though I failed to notice but it was above 20 in IB charts which I usually watched.
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