Direxion funds has thrown their hat into the leveraged ETF arena.
They have released the following 3x leveraged ETFs. If you don’t know how these work in a nutshell you take a current Index price and in this case, triple the performance of that day whether its a gain or loss that day. ie If the [...]

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What a week! I don’t mean good either. I went long heavily on Friday and what a bad time to do that. Since then my leveraged ETFs took losses of 17-19%. My QLD calls dropped by 75%. However, I sold out today of the leveraged ETFs and am in 100% cash in that portion of [...]

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I sold my leveraged ETFs into the pop this morning taking losses in the 16-21% variety. No more SSO, QLD, UWM. All cash there. However, I still hold leveraged mutual funds and I only do that because of the timing issues. I plan to buy back these leveraged ETF’s if we get a shit storm [...]

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There are many options to for leveraging up a long trade and one of the new popular ways is to use leveraged ETFs and Mutual Funds. If you have followed this blog for more than a few months you will know that this is majority of what my trades are involved with.
ProFunds
Indexes
DDM - Dow
QLD - [...]

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Indexes rallied today giving me 2.6% in the RUT and 1.5% in the NDX. That was nice, but we really haven’t made much progress to the upside yet. I say yet, because its possible that is coming in the next few weeks. Or I’m incorrect and I’ll eat my words.
During these past two weeks of [...]

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No. I’ll see what happens this week, react, and make money. I added to my long position today. I didn’t post yesterday due to the happenings of Tropical Dud, Fay. I sold MATK yesterday with a loss of a few %. I did this as shot to buy a firework related play and its a [...]

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The market was all over the friggin place. Who is ready to give up and go home? Thats a good sign if you are. Up and down all day with a big rally that happened at 3:25 then a big sell off at about 3:45. When the VIX gets up to these levels the moves [...]

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In staying with my plan I bought some morning weakness by using the free cash from yesterday and bought the SPX. An up close today will likely see me cashing in and taking profits. I expect volatility the rest of the week and then finally want to be long right before the Fed meeting.

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I cashed my index longs good for about 1.5% this morning. NDX up .95%x2 = 1.9%, RUT up .45%x2 = .9%
QTM and KTOS doing well today. GBT giving a little back after its 30%+ jump yesterday.

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I cashed out those index longs I said I wasn’t going to do unless I got a “gangbusters” move. Who uses that word anyways?
Bottomline is that NDX is up over 2% and the RUT is giving out 1.2% as of this posting (now market making new highs). I decided that it was good enough for [...]

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I didn’t mention it, but I cashed my SPX long from yesterday at this mornings pricing. Its looking like it was a good move right now as the SPX is 2 pts lower than the 10:45 open that Rydex uses to calculate its morning price. The Dow on the other hand is dropping like a [...]

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Doing my morning short flip. Today I flipped from being majority long the SP500 with split NDX and RUT minor positions to majority short NDX and some RUT. I picked the worst of the best though as the NDX was only up .37% x2 thats less than 1%. The RUT did .66% x2 was 1.32%. [...]

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I flipped my index shorts back over to the long side and covered up my QID midday. Hopefully I didn’t just get whipsawed.
Alcoa seemed to have good earnings while announcing a monster sized buyback. Should be good for the large cap indexes tomorrow morning. Good thing thats what I went into. Long S&P 2x funds.
I’ll [...]

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So you’re tired of always being long and want to short the market?
How do you do it without borrowing shares? Easily. You buy the appropriate vehicles long. Which is actually a bet that the market will go down. Let me explain. There are investment options that you can buy long that represent an investment that [...]

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Happy Monday. Being short worked again today. I held my Friday shorts and they were working out nicely until the big rally that happened around 2pm screwed it up. Thankfully the market then fell after filling its morning gap on every major index.
NDX 2x inverse funds lost very fractionally while the Russell 2000 2x inverse [...]

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