typically I cringe at drawing trendlines on the inverse ETF's on
longer time frames like that however when I overlay SRS and IYR
(I'm using $ONE:SRS so that its inverted to follow IYR, SRS doesn't
seem to really degrade much, which is nice. Try that with
some 3X ETF's like NUGT vs GDX etc and you see big degradation but
not here
Agree .... I usually NEVER user a weekly on an ETF other that a
regular 1x like SPY, Q's, IWM, etc... ... even using the
daily for more than a few weeks on many of them is misleading
... anything that is 3x levrage, that has contract rolls, and even
more so when there is high contango, or that has an
underlying with lots of volatility is bond to be skewed ....
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typically I cringe at drawing
SRS ... nice bounce ... as IYR is reversing
Posted by matt on 17th of May 2018 at 11:43 am
typically I cringe at drawing trendlines on the inverse ETF's on longer time frames like that however when I overlay SRS and IYR (I'm using $ONE:SRS so that its inverted to follow IYR, SRS doesn't seem to really degrade much, which is nice. Try that with some 3X ETF's like NUGT vs GDX etc and you see big degradation but not here
Agree .... I usually NEVER
Posted by mla127 on 17th of May 2018 at 12:01 pm
Agree .... I usually NEVER user a weekly on an ETF other that a regular 1x like SPY, Q's, IWM, etc... ... even using the daily for more than a few weeks on many of them is misleading ... anything that is 3x levrage, that has contract rolls, and even more so when there is high contango, or that has an underlying with lots of volatility is bond to be skewed ....