Being very oversold, we should get a nice lift and resumption of the previously scheduled bear rally. Having 35% in cash and 10% allocated long TZA, I am either going to add to my TZA position and reduce longs or the opposite. Much of that will depend on the tone of the tape. While I sometimes pretend to know exactly what’s going to happen, more often than not I am simply making decisions in real time — watching the tape, drawing from my experience and using Exodus to isolate ideas suited for investment.
My hunch is gap lower on Monday and then a rally into the latter part of week, providing succor and confidence to an otherwise weak and very fat investor public.
I will sell my TZA on Monday and then add to some longs, and most likely sell all of those longs by Thursday — booking immense profits, and then segue back into TZA awaiting crash.
See how I have it all figured out?
The week will be exciting, fluid, and I’ll be on my fucking A game. Get inside Exodus and join the fun. Invest in your god damned trade, you miserly son of a bitch.
If you enjoy the content at iBankCoin, please follow us on Twitter
