Still bearish for maybe 1 more week.
All the ducks are lined up to launch my fund for August 1. Capital ready. Administrator. Broker. Legal. Audit. Tax.
The only thing left is executing my first trade on Monday.
It is the beginning of a new chapter.
For my own portfolio, I have been holding onto hedge and inverse positions anticipating the market will go down.
For the first week of August, I am still anticipating the market is bearish.
​But we should be close to a bottom soon.
One indicator I am looking at is whether or not oil hits $100-120.
Then I think the bottom should follow shortly after.​
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
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Eric Seto
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Still bearish for maybe 1 more week.
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