Friday, August 14, 2026

Still buying. Market overbought now.

I've been buying last week:

  • Finally got a chance to buy some gold on Thursday night
  • Bought some more ETFs expecting market breadth to expand
  • Covered high-beta tech shorts.
The market is overbought right now, so used the chance to sell some trades that weren't working last night.  Try buying different things when the market corrects.  Theres a lot I could buy: more market breadth, commodities, software, high beta tech or EMs.  And my favourite: Gold.  Wait for dips to buy.  Probably wait 2-5 trading days.

Some of my fundamental picks shot up last week: the Japanese stocks and a South American bank.  Up 10-20%.


I remind myself not to get carried away with buying.  Bull market probably lasts 1-2 quarters.  Everything I buy now is a trade.

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