Inverses for February selling: UVXY SOXS SQQQ

Overnight said:
You're right, not going to argue with you, because you make total sense. You and Ken are brothers-in-arms. Not only are we going to drop to Covid lows of 2300 in the ES, but we are going to drop back down to the lows of the 1987 financial crash of what was it? 250? And it is going to happen really FAST! In a f-ing month, all because Canada and Japan and BOE and ECB are raising rates a little bit.
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Ken's a mediocre trader with horrible market calls. He only plays the part of a successful trader on here. Idiots like "Darc" believe him when he says buy UVXY at 6.5 "trade of the year" and it falls to 5 in a week. Not to be confused with his aggressive long calls at 11, 12.80, 9?, 7.7. 11 to 20 with 50K was supposed to be his career best trade. Nobody forces him to post this ridiculous shit but he will be held accountable for them. His call last year was Covid lows broken by August. He missed that call by a ridiculous margin for an index. A smarter man would stop posting more of the same. Ken just fails and hypes up a new trade.

Annual Inflation dropped a ton in Canada latest reading. Of course, anyone truly paying attention would know there has been minimal inflation in Canada since first half 2022. Math. I posted about this last fall.
 
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Darc said:
Where the problem lies my friend, is if the various Central Banks need to crash the Economies or cause demand destruction to end entrenched Inflation.

Remember, this is almost Global, Champ.
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You seem to be oblivious to the actual numbers. There is no entrenched inflation beyond a very manageable higher base due to overdue wage inflation. I posted about this in the fall that the annual numbers would come down given time. The narratives out there are slowly changing to reflect the numbers. Day traders are usually the last to figure things out can go years before they realize markets have moved on from the old story. This will just be a difficult year for traders like yourself and your hero Calhoun.
 
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https://stockcharts.com/freecharts/...W,IWM,TNA,QQQ,SOXL,TQQQ,SQQQ,uvxy,tsla|B|null
 
UVXY_Barchart_Interactive_Chart_04_02_2023(1).png

UVXY (black) versus $SPX (indigo). 1 Year daily chart
I would NEVER buy UVX, it's heavily biased negative. The only way if you were a gambler, you need very fast and sharp entries and exits with impeccable timing.
 
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