Inverses for February selling: UVXY SOXS SQQQ

BeautifulStranger said:
Ok, it looks like your entry on UVXY is around previous day's high and initial stop is around previous day's low. Sounds reasonable for a swing trade. How did you determine your targets for UVXY and SOXS? Your targets don't seem congruent.

What is your thesis for your trade ideas?

For a swing trade time frame, why UVXY, considering UVXY's nature? Wouldn't an inverse SP500 ETF have greater expectancy than UVXY over a undefined swing trade time frame?

Given that AI is red hot right now, why are you looking to fade the semiconductor manufacturers? Especially as 3nm is expected to be coming online soon?
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Excellent questions
- fading semis on tsm gap down, if soxs goes up
- exit targets based on 2-3 week ranges
- right re 2d hod/lod ranges for swing entries
- uvxy bc vix overdone, high expectancy of vix up soon, >22
- thesis rationale for bear bias this time combination of hot cpi, today mkt inside narrow range up bc strong retail, but big picture macro looks bearish w inflation
 
KCalhoun said:
Ca-CHING!!!! SQQQ SOXS UVXY nailed em
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How did you do? You must've made a killing today with the Bullard fucker coming out of nowhere talking s*** about raising interest rates by 50 bp. The fucker is not even scheduled to speak today and he's not even the Fed chairman. I made a loss today. My long was totally decimated within the last hour. Unreal!! LOL
 
Nailed it with UVXY SQQQ SOXS but took sl in boil.

Holding 1k uvxy overnight. Right re out of nowhere move, worked great for inverses.
:D


Sry to hear re stops, I would've had red day too if not for happy ending move.
 
UVXY end of months starting September :

12.85, 9.81, 7.52, 6.88, 4.91

Currently 5.18 which is supposedly meaningful :). Reminder Ken's previous calls were :

11-13 target when it was 7.7; 20 by Dec 31 when it was 11.
 
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