%% I MAKE sure to trade stuff like that smaller\because while i like XLE sector, they tend to be underperformers [except this year/LOL]. The oil/gas business is a fun read, made more with TQQQ,QQQ,QLD,sqqq,tecs............ Cut a partial loss on sqqq today\with low or no comissions it pays me to get out + maybe get back in late today of FRI?? Strange but as of JAN 4th open to todays open/ QQQ was up; QLD = negative; TQQQ even more negative %, year to date/MAR 11,2021 .CUT a loss on SDS also,which was about[- 10]; +0 .3% gain on SPLV. SPLV doesnt move as much anyway, good bottom finder,this week anyway..................................................................................................NOT a prediction+ seldom buy underperformers like splv/LOL,
%% Could but most likely WOULD not. WHY?? Because bit con is a con,peso looks cool but not as liquid. Most of the world wants US dollars/besides sliver /gold , copper/nickel are easy to exchange for Fed reserve notes ,stocks,ETfs,or vice versa...................................................................................................Good question.
%% WELL ,SPXL,upro, sure put in a weekly top/LOL But strong FEB ,MAR, uptrends,so far\about 5 hours until market close. QQQ , took out the monthly low/but looks good on weekly charts. [Dont know if this affects market?? But Dr/Senator Paul rebuked fake Faucci again, on wearing 2 masks;'' you are making policy on theater?,??? ''LOL] Good question.
I suspect everything that occurred Thursday afternoon will reappear on Monday morning. Option expiry today is an issue but I'm seeing a slow creep up on Gold, Silver, Copper and Oil bounced back a little. Anyone without any metal exposure might look for any bargains at the close imo.
%% Actually, buy monday[because its down\LOL] tends to be a stock index/ETF money maker over time. OF course we've seen SPY,QQQ/QLD .....gap up/close up 4 mondays in a row, also. I took a profit today on tech 3X l inverse etf. XME [metals + mining ] is still making a good uptrend/not in that right now..................