I would be cautious about shorting oil right now. I still think WTI will make $50 by the end of the summer. As for all the other stuff I am actually liking inverse ETFs today and I might go in with some tomorrow. I have to be careful though... don't have any day trades left and so I can't bail if things suddenly get bullish again. Everything lost me money today except COCP which gave me a very small profit. MEH. Still holding SQ because I like their service and product and also QQQ because hey, it's QQQ. And the COCP cause I don't think it is finished yet.
I disagree. We're already hearing rumblings about possible reclosures in states due to the huge spike because of all the unmasked people, and we're already on the August contract.
Perfect time for daytrading since no overnight risk of adverse gaps either way due to headlines. Btw it would be unsurprising to see the market do a mean reversion bounce tomorrow
Well, you may have a point, at that. I just don't trust it. Everybody is producing near or below break-even. The price has got to move up or else.
Interesting headline https://www.cnbc.com/2020/06/24/bid...rkets-drop-and-may-lead-to-more-weakness.html Now finally we may selloff due to possible democrat biden win Remember the February March selloff was triggered in part by Bernie popularity. Sharpening my bear claws yet again lol
Thx, looks like a great chart for crude short too, and less $ than sco, like srty is to TZA..... appreciate it Side note: I find the deafening silence of the permabulls who trolled my inverse posts hilarious. Go bears!