I posted I bought off the double bottom support and used TPOR
for leveraged trade, made about 8%. I still have my IYT for more
upside potential here. Analyst came out today and said the space
was priced to weather a recession. Tons of value and great
companies. I showed the holdings as well in my prior post.
Basically the same strategy when you do the SPY system trades. Buy
one leveraged instrument and the other less leveraged or regular.
Works well. Been watching a few other areas like Semis,
Homebuilders, and more for a setup in similar fashion.
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IYT nice trade
Posted by matt on 13th of Apr 2022 at 01:33 pm
IYT - Chart Link was an easy reversion to mean trade off that support - 9 EMA target zone
I posted I bought off
Posted by fundamentalvalues on 13th of Apr 2022 at 01:37 pm
I posted I bought off the double bottom support and used TPOR for leveraged trade, made about 8%. I still have my IYT for more upside potential here. Analyst came out today and said the space was priced to weather a recession. Tons of value and great companies. I showed the holdings as well in my prior post. Basically the same strategy when you do the SPY system trades. Buy one leveraged instrument and the other less leveraged or regular. Works well. Been watching a few other areas like Semis, Homebuilders, and more for a setup in similar fashion.