From my last post, I mentioned after the VIX extreme peak, market should actually reverse and start rallying into early Jan. before the next correction to resume. Therefore I bought SPXL 3X long on S&P at 174.7 and UGL 2X long on gold at 93.2. Thses are for my short term trade into the new year. Not for long term holds.
Remember to always do your own research before investing.
Cheers
Remember to always do your own research before investing.
Cheers
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From Wednesday after Fed rate cut, matket had a huge sell off and VIX spiked. The velocity of the correct was extreme and is only based on Fed’s comments and not based on any real economic data. Sentiment remained very negative. As on my Friday posts, I had sold all my short positions. Stating next week, I suspect markets will rebound and start rallying into the new year. S&P to reach a new all time high at around $6,250. In early January the market may peak and cho...
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All my short position are now closed. hopefully we have a Santa rally now.
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PCE report cane out better than expected and next week the holidays begins. Closed these short with nice profits for now and see what happens in the new year. I suspect S&P may rebound in end Dec to early Jan.
Still holding SOXS, SQQQ, and QID, may sell later today. However NASDAQ seems weaker than S&P.
Still holding SOXS, SQQQ, and QID, may sell later today. However NASDAQ seems weaker than S&P.
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Holy cow, what a drop on markets after Fed speach! Looks like the market correction had begun. My 2x and 3x shorts on SPY and QQQ bought this week are having a very good run. VXX shot up 20% which I bought last Friday.
I think market will continue to fluctuate but trending to the downside. Congrat to those not chasing the hype on rate cuts and those whom took the opportunity to short the markets.
Cheers
I think market will continue to fluctuate but trending to the downside. Congrat to those not chasing the hype on rate cuts and those whom took the opportunity to short the markets.
Cheers
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Today I topped up my QID, SDS, SPXS, VXX, SOXS as the markets flowed up nicely today with light volumes. Also added SQQQ to my portfolio which is 3X short on NASDAQ 100 the QQQ as NASDAQ hits its upper trend line at resistance.
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Hope everyone is having a good weekend.
On Friday, the markets looked very tired and exhausted for moving upward. The volumes were veey small and on a Friday, normally the buy the dippers should float the markets up. However we did not see rhat. Even semicon chip stock AVGO had a monster pop, up 25% the NASDAQ was only up 24 points and S&P 500 ended the day flat. FYI , AVGO is a number 8 stock on market cap right after the mag 7. AVGO is also a trillion market cap chi...
On Friday, the markets looked very tired and exhausted for moving upward. The volumes were veey small and on a Friday, normally the buy the dippers should float the markets up. However we did not see rhat. Even semicon chip stock AVGO had a monster pop, up 25% the NASDAQ was only up 24 points and S&P 500 ended the day flat. FYI , AVGO is a number 8 stock on market cap right after the mag 7. AVGO is also a trillion market cap chi...
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