Click here for current Signal Trade. See FAQ for more explanations on terms, labels and abbreviations that we use. Updates 10:12 AM EST - Monday 8/31/20 Short Term
We are focusing our attention on small caps IWM in Signal Trades. Updates 9:15 AM EST - Monday 8/31/20 Intraday
This is consistent with what we wrote last night: For Monday, $VIX $VXN are likely to rise up to (1) at the start of the day which is bearish, and then drop down to (2) which is bullish. So first expect a rise in $VIX $VXN UVXY to start the day. Be prepared for the possibility that it is not going to rise higher than 8/27. If you trade UVXY this morning, be prepared for sharp reversal. Disclaimer The information presented here is our own personal opinion. It is intended to supplement your own research and trading systems. Consider it as food for thought. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. While we offer scenarios for you to consider in your trade planning, know that you are proceeding at your own risk if you follow our suggestions. Note that we trade highly risky 3x leveraged ETFs. You may end up losing a lot of money with them. They suit our portfolio, but they may not be appropriate for you. Please read more about them before trading them. Proshares UltraPro and UltraPro Short ETFs Direxion Leveraged and Inverse ETFs Why 3x ETFs like TQQQ lose money over the long term The risks of investing in inverse ETFs Simple explanations of contango and backwardation
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