Portfolio Activity

The Sefirot will add the following two trades to its tactical portfolio:

  1. buy 125 OIL @ the open
  2. buy 30 FXE @ the open (this is an ETF of the Euro / USD)

Both of these asset classes are heavily oversold. While I believe the EURO is destined to fail and disband I think it has moved too far in the build up to the ECB QE announcement. I am therefore simply trading this for a dead cat bounce. I am also trading oil from an oversold point of view but have no firm view on the supply and demand factors affecting price over the medium to long term.

oil27 euro27th

 

 

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