SHORT GOLD! BUY INVERSE ETFSGold is extended. period
we are due for a pullback.
either short gold, or BUY reverse ETFS.
Manage risk accordingly!
Key stats
About MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038
Expense ratio
0.95%
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Inception date
Jan 22, 2018
FNGD offers -3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]), and other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (although ADRs are acceptable), classified in either the technology or consumer discretionary sectors, and exhibit similar traits to other technology and internet companies. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets of exposure, FNGD is designed as short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding.
Comparing the new SPYU to UPRO and SPXLI am not sure if anyone else noticed, because quite frankly I completely missed it, but there is a new leveraged share on the block that aims to track the S&P 500 ( SP:SPX ). That ticker is $SPYU.
Now this isn’t a conventional leveraged share. Most leveraged shares are between 2 x to 3 x max. Howev
GDXD 1M Twirl That Cash For Gold SignGold is no haven...not at least as far as I can see.
It is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. Are you looking for something to buy ho
Short term play idea: FNGD on the 4H ChartI'm entering a long position in FNGD today at market open using 60% of my equity.
Why:
RSI momentum positive.
RSI about to cross 55. I consider he path between 55 and 70 an ideal long.
FNGD is sitting on 8,13 and 21 period EMAs providing possible support.
Stop Loss:
4%
Will move up manually is it
Bullish short GDXD :DLet go! It looks like we are soft landing and the gold and silver bugs are gonna feel it.
FNGU - MicroSectors FANG Index 3x ETN 1/8/2023DPO 62 being used with chart TA above the 0 and below the 0 line. No Options on MaxPain maximum-pain.com Must trade this as cash.
FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt
I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51
Take Profits at $10.17 and $10.51
Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will che
Quick Flipjust bought hopefully towards the bottom of this over sold move and will be selling between 147-157.69
that should be a quick 20% build off of the 20% made on FNGD
That may be my last trade. Possibly go into FNGD again at the top but may be looking for a VIX play to go off volitivity
GDXU - It's time for a pull backWave i was strong enough to break the resistance line only to fall back to ii. It looks like a false breakout but it's right on plan. Look for a pullback to the 24 range.
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Displays a symbol's price movements over previous years to identify recurring trends.