Who Benefits from the Dunce Tariff Tsar? The Art of The Short: When SPY Bleeds, Dracula Drinks
Today we’re diving deep into the MAX S&P 500 4X Leveraged ETN (SPYU), the ultimate degenerate’s playground for snorting the market when SPY takes a nosedive.
Tonight, my fellow nightwalkers, I wipe my mouth after my fangs bite into MAX S&P 5
Key stats
About MicroSectors FANG ETNs due January 8, 2038
Home page
Inception date
Nov 12, 2019
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
FNGS is an ETN that provides exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]), as well as 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 (ADRs are acceptable), classified in the technology or consumer discretionary sectors, and exhibit characteristics of high growth technology and internet/media companies along with meeting minimum market capitalization and liquidity requirements. At least ten stocks must be included in the index, the number of constituents when the note launched so investors can expect a high level of concentration. All holdings are equally weighted, and are rebalanced quarterly.
Classification
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
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.