Who else thinks a Correction or CRASH may be coming? My top call #2 1/9/2021

Bought inverses premkt just now...... usually a bad time to buy; this is for weekend hold in case selloff continues next week.

UVXY SQQQ best for daytrading, TZA best leverage for swings. Looking at 1year charts, many had 1year high buying volume yesterday. Short squeeze plus spec longs :D

Also bought SOXS LABD SRTY FAZ

Mkt may well do minor mean reversion bounce up or chop today, unlikely big move up or down, likely volatile.
FDLY26FEB.jpg
 
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KCalhoun said:
Bought inverses premkt just now...... usually a bad time to buy; this is for weekend hold in case selloff continues next week.

UVXY SQQQ best for daytrading, TZA best leverage for swings. Looking at 1year charts, many had 1year high buying volume yesterday. Short squeeze plus spec longs :D

Also bought SOXS LABD SRTY FAZ

Mkt may well do minor mean reversion bounce up or chop today, unlikely big move up or down, likely volatile.View attachment 253187
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Took profits on spxs,SQQQ + may get back in; + have got in to PSQ today mid mourning.................................................MONDAY tends to be a gap down + buy day, but if i do that it will be only risking a smaller % of profits.
Good year. I told a junk deal once ,give me a good used tire/i'm selling my used car. He did give a good deal i think it was Goodrich or Goodyear tire + he wrote ''good'' on it /LOL/True
 
KCalhoun said:
Sold much of inverses on drop after initial spike eg UVXY 10.3, will rebuy if hod breakouts later. Nice tradable volatility.
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Mostly long now; except for DXD start scale in + PSQ. Sold my TQQQ longs; cut a loss on spxu.Good week/ good year.
MY SDS trade worked out much better than SPXU.
 
KCalhoun said:
nice eod drop into the close; mostly cash, holding a few k inverses over weekend; sdow faz best; tza sqqq ok
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I did not have real strong opinion on my TQQQ longs like i sometimes do, so sold them.
I considered cutting a very small loss on PSQ [-0.70] but it got do strong @ close/i dont mind helping the market makers /brokers a bit as long as i profit overall.
ALMOST bought DOG, + SDS again but its too hi\ so DXD + PSQ is looking good/not a prediction.
Some new traders maybe got confused on DXD head fakes , but anything over. 5.777 + minutes is a trend sometimes .I never blamed market makers for my losses or gains/LOL
 
noddyboy said:
What happened to black monday call?
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Still looks that way for DOW. PSQ looks maybe OK also.
I used a 1987 illustration of market makers not answering the phones but since they were busy\ i guess they did the best they could.
MY best trending tech ETFs have more slippage+ i seldom phone orders in anyway/LOL.
OF course slippage can be positive also.
 
You’ve got at least 2 weeks of a heavy chart. The only issue with Vix plays is the decay. It costs way too much when it’s just easier to short or hedge.
 
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