im in 9K of inverses, 4 best LABD UVXY TZA SRTY. great leverage if these fuckers ever bounce #longshotwtf highest buy volume of year today labd
Atm I'm not optimistic shorts will get much traction, not yet. Right now looking at the markets, can't see anything worth buying, nor anything worth selling, sort of in a little limbo.
yeah still choppy uptrend, tho biggest red candle in 3weeks. choppy af dec not going to aggro inverses til S&P loses 3550, heres 2 support lvls
'tis indeed a tricky business because once price hits or penetrates support, for some it's a sell, but for others that's where they have been laying in wait to buy a bargain. The March / April rally was a good example of a hard bounce when support was penetrated, just when you slam on a short - whack, it comes back like a rubberband.
That is where I am. Picking my spots on some short-term trades but not really crazy about anything right now -- that may change by mid-January.
Mining plus energy strategy working really well today. As I said before, better to file away the short strategies until mid to late January and get on board the short, hot trends imo. Gold threatening to break out today, Silver kind of did already ( some new 52 week highs on some of the stocks ), Energy stocks choppy but tradable. Stimulus actual and talk helps both short term. Nat Gas only commodity area struggling now ( sometimes runs contrary to Oil ). US oil report was positive today. Also tax loss selling on Cdn energy over now probably a bit of an overhang on the stocks last week or so.
%% Took profits/this week on tech etf x2; scaling in spxs @3.99 early.[DONT forget to add in the small SEC fee when we sell it/LOL]Another advantage on starting small, can afford to wait + add on if it sets up good.] Also strange but true.SPY has done better then spxl, this year.That happens to 3x etfs if the move is not much.................................................................................................I think markets/ NYSEclose early even though my brokers message says otherwise?? NYSE maybe open normal,today
Right. .. sold all swingtrading stock positions earlier this week.... back into inverses since s&p 2day downtrend... LABD strongest, SQQQ ok