Thursday, September 19, 2024

Buying Stock ETFs

I added 2x S&P 500 ETF (SSO) and the S&P 500 ETF (SPY) today.  I didn’t go all in.  Today is projected to be a statistically-significant, up-day suggesting a probable down-day Friday. The overbought/oversold ratio is also overbought (as of 1pm). I decided to hold some reserve funds and average in. I’ll probably add more stocks tomorrow, perhaps at a lower price. I say “perhaps” because markets can remain overbought so there is no guarantee of a lower price tomorrow.