Best way to play short term pivot points is 3x ETFs. Correct? Why bother buying 10 stocks when you can buy a few 3x ETFs, which gives you exposure without non-systematic risk?
I own FAS, TNA, and TMF — the latter being defensive The first two provides me with 60% exposure to stocks with only allocating 20% of my assets. I remain, inexorably, cash rich at 65%. I find today’s action to be constructive and will add to my longs if we head higher tomorrow. I also believe leveraged ETFs were created for markets such as this — being able to allocate quickly is paramount when trying to time a bottom.
What if we sell off today?
Dreadful.
Suppose we give it all back tomorrow?
Even worse.
My best guess is for a continued rally into Friday and then a fade next week — heading into the Fed meeting.
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Guessing shorts will be covering into the China meeting.
You convinced me Le Fly. Cocaine rally for rest of week. AMZN and rails.
Jim Cramer says stocks are ‘opening up huge on nothing,’
Published: Nov 26, 2018 2:14 p.m. ET
uh yeah, thanks jim, kuroda was working feverishly last night,
like i said all along noting just the obvious,
boj contributes, a ton, to the fake levels & opens of the indexes
“Jim”
BITCH
Does Trump get what Trump wants at G20 and the Fed?
Feels like the market is somewhere between unsure and no.