Buying SPXS inverse the SPY
Updated
This etf may be called Bear 3X, but it sure moves conservatively in slow movements at these low prices.
Since I am short the SPX, I am a buyer of this SPXS etf, which is the inverse of SPY. It is the Direxion Daily S&P 500 Bear 3X S. It is trading at a reasonable price.
My analysis of buying SPXS is based on my analysis of shorting the SPY and DOWI.
Here are some fun and interesting articles to read:
Carl Icahn Compares America to a “Broken Company”
marketrealist.com/2015/10/wall-street-working-broken-companies-carl-icahn/
finance.yahoo.com/news/carl-icahn-compares-america-broken-193252655.html
DOWI: tradingview.com/chart/DOWI/MTLOnpKj-DOW-Industrials-Pullback-Short-Opportunity/
SPY: tradingview.com/chart/SPY/XXKMq7Tj-SPY-Short-My-World/
Since I am short the SPX, I am a buyer of this SPXS etf, which is the inverse of SPY. It is the Direxion Daily S&P 500 Bear 3X S. It is trading at a reasonable price.
My analysis of buying SPXS is based on my analysis of shorting the SPY and DOWI.
Here are some fun and interesting articles to read:
Carl Icahn Compares America to a “Broken Company”
marketrealist.com/2015/10/wall-street-working-broken-companies-carl-icahn/
finance.yahoo.com/news/carl-icahn-compares-america-broken-193252655.html
DOWI: tradingview.com/chart/DOWI/MTLOnpKj-DOW-Industrials-Pullback-Short-Opportunity/
SPY: tradingview.com/chart/SPY/XXKMq7Tj-SPY-Short-My-World/
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