BUY - XJO Index using call miniwarrants (XJOQOA)
*** GENERAL AVICE ONLY***
Trade Date: 5/10/2023
Allocation: 5%
Recommendation
Entry price: 5.04 (XJO 6900)
Target Price: 6.04 (XJO 7000)
Stop Loss: 4.54 (XJO 6850 – Trailing stop)
Rationale
Equity markets have all taken a beating with rise in Bond Yields. Oil dropped 5% overnight so this could help stall the bond rally, which would lead to a relief rally in equities. Use a trailing stop on this trade
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.