the thing i find troubling about trying to short this market is logic says it ought to go down, technical indicators included. then the market continues to go up, i don't want to continue to get squeezed short. the one thing hope has brought us is a big up move, even if the volume and logic aren't there. quite frankly, i wish i had never heard of faz.... don't go against the current.
I thought their might be some brain matter on CNBC but I guess I was wrong. The idiot goes the loss was better than expected, the pumper didn't get it right while explaining why this company going up to the stratosphere. So used to us better than expected script they can't get it right. Hey idiot get the pumping right the loss was less than expected, lol.
The lack of follow through in Japan overnight means today's rally is caused by something else. What else I have no clue. It is not INTC for sure. Of course the hype is always there, but that is irrelevant for the discussion.
I like your analysis of the market, however, the reason why I limit my loses in Faz is that as a 3x ETF it's harder for ut to make the lost ground by buying and holding. I prefer to sell spikes and buy dips slowly increasing amount od shares I hold. I see downward to the market coming, but if i can get 10% more Faz by waiting one day, I will.
good luck, good post:)