It has been a while since I opened Long position on OIL and Short position on the US S&P 500. It seems to me that both position is taking time to mature. The oil market is still relatively oversupply despite the cut down in expense in big oil company, I guest it will take some time for the oil market to rebound. And for the S&P 500, I am still bearish on it. On the SPY chart, it is still below the 200 day MA. I guess it really need more time. I expected financial crisis to come in few months to a year time. So keep holding my Short position in SH is the best bet. BTW I am going to open up another line of credit facility in the near future, using my Aud Dollar term deposit as collateral. It will give me more buying power when financial crisis arrived. I am preparing for the future.
Article by Macao Millionaire Doctor
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