%% We are about due for down monday; took some profits on TQQQ/ 6-11-2021. [Stock Traders Almanac notes 3rd FRIDAY JUN week maybe down]
US indexes made a strong move late day. Oil $71+, Nat Gas new 52 week high, Silver looking kind of interesting. If US indexes start positive tomorrow, we could get a major rally in Oil, Nat Gas, and Silver stocks. They are all poised to fly given a push. TSX Oil and Nat Gas producers threatened to make that move today ( several new 52 week highs ), but they faltered somewhat during the day as Oil dropped some mid day. I expect a repeat attempt at this tomorrow including Silver stocks if Gold doesn't drop ( Gold is creating some drag on Silver but there is increasing divergence lately ).
%% They did sell stocks ; 1st hour/LOL. Cash copper most likely hits $5 the dealer noted/ most of my tech ETF buy orders got hit; except near eod.That's life.........................................................I wanted to buy some bonds this week ETFs for the summer\ but i cant find any charts i like+ my SPYG pays almost a better yield. MUB does have shallow drawdowns, so if we get in a sideways trend=summer ,may consider that tax free deal /weighted in TX, orange co CA a lot.
scaled out on way down, scaling back in today, and later this week esp if fomc negative reaction wed 2d chart looks good
%% Partial profits on tech ETF; buy order on DXD+ maybe some inverse tech ETF. 3rd fri week in JUNE tends to be down.............................................................[WED 11;15 CST] I seldom use the word ''over bought/LOL but UDOW looks over bought\ mine is losing money, as far as a drawdown......EVEN with inflation '' transitory'' , gasoline going down + cash copper =good uptrend.[EDIt , filled on 3x tech inverse11;29 cst] TECH etfs getting stronger, mostly long , even if due for a pullback............................................. .
will buy more UVXY after 2:30 if bearish reaction to fed jibber jabber Sold my swing position ORPH 17.2 into today's big run
nice setup uvxy if it clears 33 today im long 265 shares cost basis 31.2; scaling in if it gets over 33 for wkend hold