Unusual divergence in relative strength of inverses lately. Last week SQQQ SDOW seemed stronger than TZA UVXY. Trading SCO as well. Am in small size from last week.... will scale back in to those with best breakouts.
How can anyone understand this crazy Market that confounded the pros in 2020 while WS Bets and Robinhood killed it? If not for the Fed we all would be bowing to Ken!
It's been frustrating trying to figure out inverses recently, I'm also going back in CGC TLRY if they go up more, may try solars JKS etc. I'm still waiting for a long overdue correction.
Market is nuts, everything we studied over the last twenty plus years appears to be meaningless with the Fed pumping cash. If the Dems win big not only Solar and Weed but Metals and slowly shorting paid prisons? I've said over and over your subs are lucky to have someone who gives a shit about them by providing a solid risk management plan!
It’s a lot of chop the past few months . The bears have not been able to break the mkt .I’m sure there’s a ton betting we crash on Election Day . No question if Biden and dem’s sweep were getting a $3 tril stimulus in Jan. Price action is not telling me to be bearish yet. These crooks are masters at making the bears suffer before we fall.
Good point re recent chop. It'll be interesting to see if today's Monday premkt selling accelerates this week. SDOW SCO SQQQ UVXY gapping up nicely premkt today, go bears!
I got lucky, woke up to my DNKN getting bought out which offsets quite a bit of down. Now if they would take out my WEN's I am happy! Nice call on your Shorts Ken, I sold my SNAP Jans into the Morning gap too. Picking up some killer small caps that just came on sale.
Wtg nice DNKN gap! I'm not going to buy any stocks,, just inverses. Will take a hit though if stim passes.. Eager to put size on to sell into spike later this week