FAZ finance bear 3x strong on SVB news

Just now watching Marc Cohodes.
That guy nailed all of these fraudsters.
He doesn't even call them frauds.
He says they are a criminal element who need to launder lots of money.
Your FDIC funds at work :wtf::wtf:

 
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Nice upside breakouts in inverses like TZA today

This illustrates one of my favorite basic price action patterns that I teach traders
in my live room, which is simply buying just above a whole number at a two-day high.
View attachment 257308
FAZ,$SPX,XLY,XLC,XLK,XLI,XLB,XLE,XLP,XLV,XLU,XLF
https://stockcharts.com/freecharts/...C,XLK,XLI,XLB,XLE,XLP,XLV,XLU,XLF,XLRE|B|null

https://stockcharts.com/h-sc/ui?s=FAZ
 
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Deja Vu.

After the collapse of some of the mREITS I used to own in November 2007, I was trying to figure out what was good short instrument and I remember reading on the Yahoo! Forums about a new company that was selling leveraged ETFs -- ProShares. They had a -2X Financials ETF called SKF. This was before Direxion even existed.

After the collapse of Lehman Brothers, the Feds made shorting the TBTF banks illegal so I sold it then. If this contagion hits the TBTF banks the Feds will do the same thing again.
 
Anyone else trading FAZ?
%%
Something like that;
FAZ looked to expensive when i tried to buy+ FAS order never got filled so did short term trade XLF[has insurance in it]
DPST has some good regional banks in it/ ZIONS.....................
Even though one can get burned with a low price around $7.77:D:D.[Trade]
Almost bought XLF again but regional banks looked better than BLK in XLF[ESG\ woke broke, like SVB]
Even though BLK is only about 2%of XLF , DPST regional banks has none of BLK woke broke.
 
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