You said alllllll this after the FACT...easier to establish that idea after its all unfolded and every single card is face up on the table. I actually was adding to short ETFs as the market was running up up up. Sitting on MIDU short, 2 ARK shorts, DUG, a ton of SH and a many many shares of WEBS!!! And I'm not even worried about any potential further rally because if we swing even higher tomorrow I'll just add more short etfs.
The uptrend started on 6 Dec, European session. Of course, I wouldn't know how high it would go. Only those with a powerful crystal ball can predict how high it will go.
+1 re inverses here, I bought SARK recently, plus UVXY TZA. Wednesday Powell will set the tone. My play is to put heavy size buy stop orders in place .5 above current highs right before 2pm to arb/hedge using UVXY vs SVXY, and GDX vs DUST etc. Goal is to have bull and bear trades set up in reaction to fed announcement. I'm favoring a bearish selloff and want to heavily daytrade UVXY TZA SQQQ if they run... so much upside.
jpow won't let this market tank - he'll say something like "the recent weakness in the market suggests 'transitory' has come out of retirement and deflation is the real risk so no rate increases in 2022".
That is NOT going to happen, 2 weeks after he retired "transitory". The hikes are coming. I hate how we'll now have to keep hearing about the damned "dot plot" again every damned month.