I am not a believoor in anything. I do not share your optimism. I moved to cash, closing out my FAZ/TZA positions because I am not a greedy man. I do not believe the market is heading up, but I am not stupid either. I will reposition towards the end of the session and attempt to bank some coin tomorrow.
At the moment I am down 13bps for the day, fortunate due to my heavy overweighted FAZ/TZA holdings, coupled with my risk averse longs such as ABC.
BOTTOM LINE: My advice to you is to protect your accounts. This is not the time to be greedy.
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Oil soo strong
Red to green
It’s a bull market ??