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My longs would love it if we made it to 4,000. And I would likely short/hedge if things aligned for what I'm looking for. 

I use the 3x etf it is kind of the in between road for me between a regular etf and options. That's what I love about trading and investing, it evolves over time, I get to grow as a person, trader, investor, and make choices based upon my plans that fit at this point of my life. 

Years ago I would have never considered using leverage. It took years for me to figure out what my lane was and to stay in it because that is me. I only consider certain things to trade and instruments. That is sectors and indexes. And I'm usually using leveraged etfs for trading. I can only be me and be comfortable with what I'm comfortable with. Who knows maybe I'll try and options trade at some point. I know many here use them and have plenty of other friends who use them as well. I'll start small if I consider it. Less is more. Glad to see everyone profiting here in their strategies. 

XBI bumping its head on

Posted by fundamentalvalues on 24th of Jun 2022 at 11:00 am

XBI bumping its head on the R1 pivot in deep 77s. The 9 day sits back at $69s if its rising. Took some LABD to hedge my remaining LABU shares when the risk/reward was best there. Good thing I was trimming that all the way up on my longs. Two gaps below now for markets 3,795 and 3,674. Seems reasonable for me to expect some backing and filling here. 

Shout out to Matt for

Posted by fundamentalvalues on 24th of Jun 2022 at 10:47 am

Shout out to Matt for pointing out IYT with that low risk entry! Been using TPOR the 3xetf 

XLE I took the trade

Posted by fundamentalvalues on 24th of Jun 2022 at 10:30 am

XLE I took the trade yesterday first entry on the close via the 2xetf, ERX. So far so good. One thing I like about this sector is that they have earnings at their back. Can't say that for many: https://schrts.co/aUhakDtf

Given that we had a demark 9, were at support, and far away from the 9 ma, about all I could ask for. Risk/reward

Steve, Would this confirm that

SPX 15 Updated

Posted by fundamentalvalues on 24th of Jun 2022 at 10:12 am

Steve, Would this confirm that was a nested 1, 2 given the strength of this move? 

Matt, This is fantastic. These are my kind of trades, I only use sectors and indexes. Combining this with the CCI divergence for reversion to mean captures rotations very well. Toss in the Demark 9 and risk reward goes up tremendously. 

Update, good trade going so far, trim and trail: https://schrts.co/GTNjRNMG 

SPX I am reducing my

Posted by fundamentalvalues on 24th of Jun 2022 at 09:19 am

SPX I am reducing my 2022 forecast to reflect Fed policy continuing on the path to raise rates and reduce its balance sheet.  Also in my calculation are recessionary signals, recent layoffs, persistent inflation, reduced investments/project cancellations by big business.   

My previous 2022 forecast range was 3,800-4,800  which I included overshoots (forced liquidity and/or momentum).  

My revised 2022 forecast range is now  3,500-4,500. The 3,500 area coincides with a 50% fib retracement off the March 2020 lows. I've attached a view of the chart from yesterday. Included in my range again are overshoots (forced liquidity and/or momentum)

*credit to Matt for the chart attached

2022 Russell Index Rebalancing: What

Posted by fundamentalvalues on 24th of Jun 2022 at 07:42 am

2022 Russell Index Rebalancing: What You Need To Know

https://www.forbes.com/advisor/investing/russell-index-rebalancing/

XLE Someone mentioned the Demark

Posted by fundamentalvalues on 23rd of Jun 2022 at 04:55 pm

XLE Someone mentioned the Demark 9 buy signal this morning here and it looks like it confirmed on the close. Looks really good for a long swing trade. Matt posted some chart views earlier as well. 

*Biggest Banks Withstand Severe Recession Scenario in Fed Stress Test -- WSJ  *All Banks Tested Remain Above Minimum Capital Requirements in Worst-Case Scenario -- WSJ

...was reading details that they can withstand 10% unemployment and a 55% stock price drop and keep lending

Results from the annual bank

Posted by fundamentalvalues on 23rd of Jun 2022 at 03:44 pm

Results from the annual bank stress tests will be released on Thursday, June 23, at 4:30 p.m. EDT

Given this, from a swing perspective that should mean we are due for a big rally here at some point. The timing is the part everyone is stumped on.

I just saw you added about the Bull/Bear spread, that part seems to indicate lower prices as the spread is leaning greedy right now. Kind of like charting I guess, pick the view one likes. 

Took a few more off

Posted by fundamentalvalues on 23rd of Jun 2022 at 02:59 pm

Took a few more off in LABU when it was up 15.53% today. Amazing trade so far, entered on that big down day in the 4s off support. Guessing it sees $7.18 as that is a perfect up 1.00 for the day. Round numbers are a thing sometimes. Trim and trail. 

  Great trading Kobie

NQ 1 min inverse h&s

Posted by fundamentalvalues on 23rd of Jun 2022 at 02:45 pm

  Great trading Kobie

LABU 10% a day keeps

Posted by fundamentalvalues on 23rd of Jun 2022 at 01:52 pm

LABU 10% a day keeps other trade ideas away. Less is more in trading and in life for me. 

SPX first gap filled 3,759.

Posted by fundamentalvalues on 23rd of Jun 2022 at 12:13 pm

SPX first gap filled 3,759. Another one left at 3,674. I sold half off my objective entry at 3,790s. This is an update on my hedge/short trade with SPXS. 

XLP and XLU, not sure

Posted by fundamentalvalues on 23rd of Jun 2022 at 10:01 am

XLP and XLU, not sure if anyone took these with me when I posted them, though essentially were both the bottom when they were posted. Just looked so overdone, given the business, dividends, and both at major demand zones..attractive given the backdrop. I believe XLU would have qualified as a demark 9 buy signal as well. Still learning about that. 

I took an objective hedge

Posted by fundamentalvalues on 23rd of Jun 2022 at 09:41 am

I took an objective hedge entry via SPXS premarket when SPX was in 3,790s. I don't think the 3,759 gap or the 3,674 gap hold longer term. No idea on the timing. I still own LABU long core, though trimmed a few more at $6.50. 

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