Buying the dip

I don’t think equity indices will register oversold RSI readings in this current retracement.

Stocks, currencies and commodities have all had a nice mean reversion, some of the latter “went” oversold BUT “stuff” hasn’t crossed over nor match or have done the things they are supposed to, to tell me that we have deeper to fall.

Thus, I have been adding to positions, initiated some new holdings……it’s not all-in, but I have deployed some capital earlier this week….

today, it’s a bit “safer” than 3 days ago to buy some securities.

As always, do your research or seek advice.

September 25, 2020
by Rob Zdravevski
rob@karriasset.com.au