Posted by DigiNomad on 21st of Mar 2024 at 12:36 pm
IWM - without SMCI in the mix anymore to lead it higher,
IWM is basically mirroring KRE. Yikes. I'd
probably rather just own KRE over IWM so I don't forget that IWM
holds so many regional banks. Don't own either, for now.
I chose the safer option (IMO) in MDY which is actually
sporting a clean breakout look on the weekly while IWM is not close
to ATH and is only messily breaking out of a consolidation
level.
Posted by mastermind on 21st of Mar 2024 at 01:47 pm
I don't know about that. IWM is at highs for the year, which KRE
is not. Plus, does MDY have some equivalent to TNA for IWM so that
it can be played leveraged?
Posted by DigiNomad on 21st of Mar 2024 at 01:59 pm
IWM performance this year almost completely tied to SMCI - which
it doesn't have anymore. It's a different index now than it was
last week. Lost its's star. Not me saying that - it's the
numbers.
Not sure about the leveraged play. Definitely has options.
I'm guessing there has to be an ETF where they buy / sell the
options for you on MDY, for a small fee (like every other leveraged
product). Too easy not to offer, I would think.
IWM - without SMCI in
Posted by DigiNomad on 21st of Mar 2024 at 12:36 pm
IWM - without SMCI in the mix anymore to lead it higher, IWM is basically mirroring KRE. Yikes. I'd probably rather just own KRE over IWM so I don't forget that IWM holds so many regional banks. Don't own either, for now. I chose the safer option (IMO) in MDY which is actually sporting a clean breakout look on the weekly while IWM is not close to ATH and is only messily breaking out of a consolidation level.
I don't know about that.
Posted by mastermind on 21st of Mar 2024 at 01:47 pm
I don't know about that. IWM is at highs for the year, which KRE is not. Plus, does MDY have some equivalent to TNA for IWM so that it can be played leveraged?
IWM performance this year almost
Posted by DigiNomad on 21st of Mar 2024 at 01:59 pm
IWM performance this year almost completely tied to SMCI - which it doesn't have anymore. It's a different index now than it was last week. Lost its's star. Not me saying that - it's the numbers.
Not sure about the leveraged play. Definitely has options. I'm guessing there has to be an ETF where they buy / sell the options for you on MDY, for a small fee (like every other leveraged product). Too easy not to offer, I would think.
MDY Triple Leveraged bull ETF's
Posted by DigiNomad on 21st of Mar 2024 at 02:18 pm
MDY Triple Leveraged bull ETF's