ETF strategy for today's Fed reaction

[murray t turtle]

I like having both bullish and bearish scenarios covered.

If the post-2pm reaction to today's fed announcement is bearish I'll buy UVXY TZA SQQQ. If bullish I'll buy SOXL and perhaps TQQQ.

Remember there's a whipsaw immediately following fed announcement, so the major reaction trend is often not strong until 15 minutes or so after initial reaction.

Personally I'm hoping for a big selloff so I can daytrade 1k+ UVXY from 15-17

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MOSTLY long UPRO + related;
except no TNA longs yet/LOL, resting orders orders in dxd, sds

 

[nitrene]

Why did the markets go higher after the tapering announcement? Pretty sure it was already telegraphed.

 

[murray t turtle]

Why did the markets go higher after the tapering announcement? Pretty sure it was already telegraphed.

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I dont know;
i made sure to buy some more SPXL+ dxd before announcement.
MOST likely because could n't take out SPXS,spy lows much as of 12 CST............................................................

 

[tomkat22]

Turned out to be a big nothin burger.

 

[murray t turtle]

Turned out to be a big nothin burger.

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Actually cut a loss on my SDS+ holding smaller loss on DXD;
/ bought more SPXL, TQQQ. Stock Traderes Almanac= smile + remember , stocks soar November /or something like that+ too bad may not apply to chicom stocks.Looks like a payday someday for chicom bullies+ not good for chicom bully stocks+ virus bioweapon......

 

[formikatrading]

Because we're in a runaway bull market.

Why did the markets go higher after the tapering announcement? Pretty sure it was already telegraphed.

 

[twstn]

I like having both bullish and bearish scenarios covered.

If the post-2pm reaction to today's fed announcement is bearish I'll buy UVXY TZA SQQQ. If bullish I'll buy SOXL and perhaps TQQQ.

Remember there's a whipsaw immediately following fed announcement, so the major reaction trend is often not strong until 15 minutes or so after initial reaction.

Personally I'm hoping for a big selloff so I can daytrade 1k+ UVXY from 15-17

Did you buy SOXL and/or TQQQ? Just curious...if you don't mind me asking. If you do mind, just ignore my question.

 

[Nine_Ender]

I like having both bullish and bearish scenarios covered.

If the post-2pm reaction to today's fed announcement is bearish I'll buy UVXY TZA SQQQ. If bullish I'll buy SOXL and perhaps TQQQ.

Remember there's a whipsaw immediately following fed announcement, so the major reaction trend is often not strong until 15 minutes or so after initial reaction.

Personally I'm hoping for a big selloff so I can daytrade 1k+ UVXY from 15-17

I was going to post that Gold might make a kind of random jump up again during the meeting and sure enough it happened again ( two meetings in a row ).

 

[KCalhoun]

Right GDX+..... oddly crude short SCO + too

 

[Nine_Ender]

Right GDX+..... oddly crude short SCO + too

Gold trend continued today, and Oil despite bouncing around ended up decent today. I don't need higher Oil just no big drop to do really well on my Oil stocks. Will Gold disappoint again on Monday ? I use the good days to lighten up any positions that aren't behaving well.