Atm I'm not optimistic shorts will get much traction, not yet.
Right now looking at the markets, can't see anything worth buying, nor anything worth selling, sort of in a little limbo.
'tis indeed a tricky business because once price hits or penetrates support, for some it's a sell, but for others that's where they have been laying in wait to buy a bargain.yeah still choppy uptrend, tho biggest red candle in 3weeks. choppy af dec
not going to aggro inverses til S&P loses 3550, heres 2 support lvls
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Atm I'm not optimistic shorts will get much traction, not yet.
Right now looking at the markets, can't see anything worth buying, nor anything worth selling, sort of in a little limbo.
Mining plus energy strategy working really well today. As I said before, better to file away the short strategies until mid to late January and get on board the short, hot trends imo. Gold threatening to break out today, Silver kind of did already ( some new 52 week highs on some of the stocks ), Energy stocks choppy but tradable. Stimulus actual and talk helps both short term. Nat Gas only commodity area struggling now ( sometimes runs contrary to Oil ). US oil report was positive today. Also tax loss selling on Cdn energy over now probably a bit of an overhang on the stocks last week or so.
%%trying one more time, trailing tight stops. small size to start
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]Another advantage on starting small, can afford to wait + add on if it sets up good.]%%
Took profits/this week on tech etf x2;
scaling in spxs @3.99 early.[DONT forget to add in the small SEC fee when we sell it/LOL]Another advantage on starting small, can afford to wait + add on if it sets up good.]
Also strange but true.SPY has done better then spxl, this year.That happens to 3x etfs if the move is not much.................................................................................................I think markets/ NYSEclose early even though my brokers message says otherwise?? NYSE maybe open normal,today