Swing trade YANGAfter Trumps tweet of raising tariffs, China's market is temporarily crashing.
YANG is a China Direxion Bear X3 ETF. The index is having great gains.
I expect it to reverse on Friday 10th / Monday 13th. Analysts still expect the trade to happen between China and USA.
At this point consider buying YINN (China Bull X3 ETF).
Other X3 ETF's to consider:
SOXS (Semiconductors Direxion Bear) is on the same path.
---------------------------------------------------------------------
Information
An exchange-traded fund, or ETF, is an investment product representing a basket of securities that track an index such as the Standard & Poor's 500 Index. ETFs, which are available to individual investors only through brokers and advisers, trade like stocks on an exchange.
Direxion Shares and Ultra ProShares are leveraged Exchange-Traded Funds (ETFs) designed to seek daily investment results, before fees and expenses, of 300% / 3x of the performance (or 300% / 3x of the inverse of the performance, in the case of a bear fund), of the benchmark index that they track. There is no guarantee that the funds will achieve their objective.
---------------------------------------------------------------------
Caution
There can be A LOT of volatility trading these Indexes. ALWAYS use stop-loss orders, as well as price target sell-offs.
Happy trading!
PS:
For a list of all 3X ETF's. Go to: 3XETF dot-com
