MattArmstrong

USO - Long Hold.

Largo
MattArmstrong Actualizado   
AMEX:USO   United States Oil Fund
Amazing what is happening with OIL. especially USO. I know there is a lot of fear in the market...but imagine you were sitting on some cash (cause you listened to Matt about financial markets being overbought and you protected yourself).

Imagine you bought USO at this level...imagine in 10-15-20 years what that position could look like?

Sure we could all go electric, not happening anytime soon. Plus everything is made of plastics (reality).

Sure we could run out of oil...wouldn't that drive prices up?

Sure we could go lower, more upside than downside from my analysis.

I see this as an amazing place to buy this equity, I will ride whatever drawdown comes and be holding for 10+ years.

Good luck out there...these are crazy times. but acutely crazy and we shall all be on our feet again soon(ish) I hope!

-Matthew Armstrong - CFTe
Operación activa:
I'm getting plenty of comments and DM's about this. TO BE CLEAR! I am not telling you want to do...I am posting information on Tradingview as a discussion ONLY! Manage yourselves and your money accordingly, this IS risky, but so is EVERY choice we make in Financial Markets. Please consult your financial professional.
Operación activa:
Up 13% early morning...anything can happen, I see this as very encouraging.
Operación activa:
Reverse split and a couple of strong days up. good news so far.
Operación activa:
This ETF has not yet gone to zero...encouraging.
Operación activa:
Full - Disclosure. I have sold off some of this position, not quite half. I see resistance coming into the oil market, I have enjoyed a gift of several gap ups in this ETF.
Operación activa:
I have locked in more profits on this trade, a portion left to run or tank to break even.

I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.