Nice to see breakouts in SQQQ plus pivot UVXY today -- anyone else trading them? 12noon tightened trailing stops
%% Almost got in sdow, its going up ; but sqqq + related are trending better. Got in+ out before noon CST. Took some long profits earlier today/may get back in long tech ETFs...……………………………………………………………………………………………………………….
Good to know... I like SQQQ between here and 29, and UVXY from here through 22. Am in those plus SDOW TZA etc, will scale in. Hope to see s&p under 3k by election
Was a clean break on SQQQ (30 minute chart), I went long some VXX calls though. I used to play TVIX, but that inverse ETF is no more. I had heard some institution has filed for something similar to TVIX, it's not up and going. But does anyone know something of similar nature like TVIX, it was really a rockstar of an inverse ETF, unlike it peers!
I miss TVIX like a girlfriend lol, it was my favorite thing to daytrade, miss the 4+ point trading ranges. I trade UVXY, not nearly as volatile. Right re new etn coming from someone else, haven't heard news though.. fwiw I am very bullish on UVXY bounce soon
%% I like the proshares viv going up 45% in one week...then 71%/LOL; but I prefer a sdow or sqqq/tech inverse related. smoother swing/position trade trend. I seldom swing trade those, but have done that this year/usually when TQQQ is not uptrending well= is usually a signal for me. SDOW, tqqq, qld,qqq , UPRO are still up % this week. most of those ytd,...……………………………………………………………………………………………………………….
I have got to improve my discipline to follow my "don't buy inverses premkt" rule. I took a small stop in TZA, letting others stay open since they didn't take out 2day lows, my sl for swings. Tomorrow's important re decision time to put on size or not for weekend hold, I'll wait til 3:30 to scale up. Interesting re qqq/qld, I used to trade TQQQ long ago