Bear trades: Inverses UVXY SQQQ etc
- Thread starter KCalhoun
- Start date
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We are about due for down monday;
took some profits on TQQQ/ 6-11-2021. [Stock Traders Almanac notes 3rd FRIDAY JUN week maybe down]
US indexes made a strong move late day. Oil $71+, Nat Gas new 52 week high, Silver looking kind of interesting. If US indexes start positive tomorrow, we could get a major rally in Oil, Nat Gas, and Silver stocks. They are all poised to fly given a push. TSX Oil and Nat Gas producers threatened to make that move today ( several new 52 week highs ), but they faltered somewhat during the day as Oil dropped some mid day. I expect a repeat attempt at this tomorrow including Silver stocks if Gold doesn't drop ( Gold is creating some drag on Silver but there is increasing divergence lately ).
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They did sell stocks ;
1st hour/LOL.
Cash copper most likely hits $5 the dealer noted/ most of my tech ETF buy orders got hit; except near eod.That's life.........................................................I wanted to buy some bonds this week ETFs for the summer\ but i cant find any charts i like+ my SPYG pays almost a better yield. MUB does have shallow drawdowns, so if we get in a sideways trend=summer ,may consider that tax free deal /weighted in TX, orange co CA a lot.
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Partial profits on tech ETF; buy order on DXD+ maybe some inverse tech ETF.
3rd fri week in JUNE tends to be down.............................................................[WED 11;15 CST] I seldom use the word ''over bought/LOL but UDOW looks over bought\ mine is losing money, as far as a drawdown......EVEN with inflation '' transitory'' , gasoline going down + cash copper =good uptrend.[EDIt , filled on 3x tech inverse11;29 cst] TECH etfs getting stronger, mostly long , even if due for a pullback.............................................
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