Correction coming? See inverses UVXY TZA SQQQ

Nine_Ender said:
Performance of these etfs since 9:30 am July 8th ( the mkt open directly after this thread started ) :

UVXY 31.83 to 27.96 ( - 12.2% ) TZA 32.66 to 29.69 ( - 9.1% )
SQQQ 9.03 to 8.64 ( -4.3% )

Something similar happened on June 21st. Seems like hard work trying to make meaningful money in this fashion.
More...
%%
ANY 3 x etf is higher risk/ higher reward/ sold [closed some] longs today;
SPXS can be higher risk/reward also. Even though buy monday/sell monday can be good for sqqq\spxs. See how they close today.................................................
 
I think I figured out why Ken is calling the top every time we make a new high. He will eventually be right. Then a couple years down the road he can show prospective clients how he called the top by referring them to a specific post on ET. That's what is referred to as forward thinking.
 
fdly16julya.jpg
fdly16julyb.jpg
getting back in inverses 7/15
 
KCalhoun said:
Glad I sold most inverses into yesterday's breakout.... I learned how the hard way over time, buy the dip sell the rip. Looking forward to re-entering when they pivot up again :D
More...
The bulls haven't given up yet, I was expecting a short lived mkt drop.
However imo, the writing is on the wall, am expecting the mkt to cool off somewhat and my overall view is bearish moreso than bullish next 2-3 months at least.
There could be a huge mkt drop up ahead but I'm not expecting that, just the usual October blues, too early to gauge severity. :)
 
I'm going to rebuy inverses today if they pivot up UVXY SQQQ SOXS SRTY

we had great breakouts today in my chatroom for CCL CEMI NURO etc
 
KCalhoun said:
Glad I sold most inverses into yesterday's breakout.... I learned how the hard way over time, buy the dip sell the rip. Looking forward to re-entering when they pivot up again :D
More...

Other then a surge in UVXY, there was no "break out" in any of these instruments. Pull up a one month chart of the underlying indexes/stocks.
 
Last edited:
You must log in or register to reply here.
Back
Top