As this is looking very much like the typical Knee-Jerk F_O_M_C reaction I ALWAYS warn about in advance (being there's no confirmation on even the fastest charts), I will hold the UVXY long position for a bit longer, although this will not turn in to a position trade.
I will hold the IWM puts with next Friday's expiration as well.
The one I'm most concerned about is the NUGT long, now up +21.5% , but since there is confirmation on 1-3 minute charts, I'll continue to hold it for the time being, you probably know what my concern is with closing it for a pullback considering the higher probability long term charts leading positive so strongly and an obvious concern over inflation.
Is interest rates about to start going up?
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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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