I bought TZA at the open, probing here because $175 on the Qs is my target.
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Joined Nov 10, 2007
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After today’s data the only thing left to move the market is guidance and earnings, except for China, which will be a sell-the-news event. You would expect a drift lower, although melt-up has been the rule.
Sold TNA, even money. Sold QQQ calls. Replaced XFI calls with a little YINN, which I will probably sell Monday.
Eyeballing TZA and more UVXY. May hold CHK for a while. That looks really good.
You seem quite refreshed Fly. Good. This three month sprint is tiring, but if the wins are big it ain’t so bad.
60% cash. 25% short, 15% long.
Now 30% short. No longs.
Looks weak right now, but I’m witing another 30 minutes for confirmation of market direction.