SDS - Gap - Go Long
Symbol: SDS
[X] Entry
Duration: Short Term
Direction: Go Long
SDS is the ProShares 2x Inverse of the SPX ETF. It's a common trading vehicle in that it offers 2x the movement of the S&P 500 and is quite liquid. On the chart you can see that we are filling the gap now from that big downdraft back in February and we are doing so with absolutely no volume.
. With earnings season upon us, this is not the time to short individual stocks so a broad index is a better move. The SPY is an alternative if you want a little less risk as it trades 1 to 1 with the SPX. Reward to risk is now favorable.
[X] Entry
Duration: Short Term
Direction: Go Long
SDS is the ProShares 2x Inverse of the SPX ETF. It's a common trading vehicle in that it offers 2x the movement of the S&P 500 and is quite liquid. On the chart you can see that we are filling the gap now from that big downdraft back in February and we are doing so with absolutely no volume.
. With earnings season upon us, this is not the time to short individual stocks so a broad index is a better move. The SPY is an alternative if you want a little less risk as it trades 1 to 1 with the SPX. Reward to risk is now favorable.
posted by Tat | 5:26:00 AM
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