As for a leveraged position, this would be an add to as well, 3x short the IWM (don't forget if you like the trade, buy it, don't short it as it is already a short ETF).
I'd like to get this up to about 3/4 of a normal position size. Now I'm mentioning a lot of different ideas, it doesn't mean I think you should go with them all, in fact I prefer not to have much more than 6 positions, depending on portfolio size. You want good coverage and not redundant positions like a QQQ position and a Tech position, it's kind of 1 or the other as they move together largely.
SRTY 2 min is very positive today, keep this in mind...
Big picture SRTY leading positive 30 min
Leading positive in a big way-5 min
Now this is the IWM, SRTY is a 3x leveraged SHORT the IWM ETF) so we want to see negative signals here-15 min as the IWM breaks out of the range.
10 min in the same area.
3 min leading negative very deep like SRTY's leading positive
IWM 2 min leading negative very deep.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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