%% I don't know why the media is so negative on DOW/DIA????? SDOW is till nicely above 200day moving average.LOL [SQQQ = about the same+ I never used 200dma mindlessly][I've seen SDOW gap up......+gap intraday, maybe market orders; but like IBD founder says ,don't quibble about a quarter + miss the move]
Triangle forming on SOXS daily chart. Expect to see a strong continuation upwards. Shocked semis have not adjusted guidance yet.
%% Most inverse ETFs are uptrending well ;and good volume- NOT a prediction...……………………………………………………………………………………………………………..
%% At the rate some of these inverse ETFs are going = we may get to collect some dividends on them LOL??
Reverse splits http://www.direxion.com/press-release/direxion-announces-reverse-splits-of-three-etfs?
I sold my remaining 3 TVIX shares from my small regular fidelity account at 940 and 920 today, in from cost basis 137! BIGGEST point gain per share of my life, I doubt that'll ever happen again Turned an $1800 account I started last August into $5000 account as of today, thx mostly to TVIX.. Will post p&l proof. Yay
Staying short, volatility be damned. Everytime I try to trade a small bounce, I have to chase the market back down. Been doing well so far, but watching the dailys isn't even worth it. This market is bottomless.