Basically, I agree. Today, don't know if EDC wil touch $23 or a bit higher or lower. I am probably selling if it hits 23.05 and will aosl re-establish positions as I am banking on a bit more of a run up for the bulls. Make no mistake, this is temporary.
I sold 1/2 @ $53.58 back on Tuesday and I'm holding the bag on the other half. I also sold 1/2 my TZA on Tuesday @ $8.38 and will buy more this morning in the $7.45 area. It seems to move a little better than EDZ-I made 23% from close on Thursday till close on Monday. The volume is much better over there. GLTA.
Last night I wrote the markets are going up. They're in the elevator. Yup, it's temporary, but folks like Sterling and others who trade will make a qwik buck. I'm ready to pounce back in on the short side. Will watch DOW 10,040 and SPX 1078. WIll also watch that dollar.