SQQQ UVXY & other inverses: Bear trading tips

themickey · Mar 18, 2020

KCalhoun said:
Great trading setups in SQQQ VXX SPXS SOXS TVIX etc, also will look for bounces TQQQ SVXY if eod short squeeze. Happy bear

Yup, am thinking very shortly, maybe later in day or tomorrow, going to twang up.

murray t turtle · Mar 18, 2020

KCalhoun said:
Nice to see gaps up aftermarket in TVIX VXX UVXY now at 52week highs, looking to scale in if they keep running up.

TVIX $60 move up after the close, wow

https://www.cnbc.com/quotes/?symbol=TVIX&qsearchterm=

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I don't know why the media is so negative on DOW/DIA????? SDOW is till nicely above 200day moving average.LOL [SQQQ = about the same+ I never used 200dma mindlessly]

[I've seen SDOW gap up......+gap intraday, maybe market orders; but like IBD founder says ,don't quibble about a quarter + miss the move]

jghall00 · Mar 18, 2020

Triangle forming on SOXS daily chart. Expect to see a strong continuation upwards. Shocked semis have not adjusted guidance yet.

murray t turtle · Mar 18, 2020

jghall00 said:
Triangle forming on SOXS daily chart. Expect to see a strong continuation upwards. Shocked semis have not adjusted guidance yet.

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Most inverse ETFs are uptrending well ;and good volume- NOT a prediction...……………………………………………………………………………………………………………..

RainMaker3000 · Mar 18, 2020

We might be trading in the 200s very soon for UVXY...

murray t turtle · Mar 18, 2020

themickey said:
Yup, am thinking very shortly, maybe later in day or tomorrow, going to twang up.

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At the rate some of these inverse ETFs are going = we may get to collect some dividends on them LOL??

birdman · Mar 18, 2020

Reverse splits http://www.direxion.com/press-release/direxion-announces-reverse-splits-of-three-etfs?

murray t turtle · Mar 18, 2020

birdman said:
Reverse splits http://www.direxion.com/press-release/direxion-announces-reverse-splits-of-three-etfs?

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I figured that was coming on GUSH...……………………………………………………………………………………...

KCalhoun · Mar 18, 2020

I sold my remaining 3 TVIX shares from my small regular fidelity account at 940 and 920 today, in from cost basis 137!

BIGGEST point gain per share of my life, I doubt that'll ever happen again

Turned an $1800 account I started last August into $5000 account as of today, thx mostly to TVIX..

Will post p&l proof. Yay

jghall00 · Mar 22, 2020

Staying short, volatility be damned. Everytime I try to trade a small bounce, I have to chase the market back down. Been doing well so far, but watching the dailys isn't even worth it. This market is bottomless.