SPXS trade ideas
SPXS longSpy is getting exhausted, I’ll try this idea, I bought some calls yesterday and hope spy (Spxl) dips.
Look out below Short the Market, Long SPXSAs the 10YR Treasury yield surpasses the average dividend yield of the S&P at 1.5%, risk assets will lose their shiny appeal and become a much scarier thing to hold. As rates rise, growth companies usually don't do as well since they can't borrow money as cheaply to fuel their rapid expansions.
If you look at the all-time 10yr Treasury Bill it looks like we are on trend to retest an old resistance line, which is at about the 2.39% range. If it were to hit that, there would be a huge flight from equities into fixed income because then decent returns could be achieved while remaining safe.
To play this, go long SPXS. It is levered 3x to the downside for the S&P 500; so every percent the SPX drops, SPXS rises 3%. Maybe 1 to 3% of your portfolio since it is levered 3 times.
10YR retesting resistance trend line
10YR could hit 2.39%; towering over the SPX's average yield of 1.5%
This is not investment advice, do your own due diligence and gauge your own risk tolerance.
S&P 500 - short for the short term, via long SPXSSeems to be the contrarian idea.
The only positions I currently hold are 250 shares of this and 100 shares of SCO, with the SCO being a long term position.
Correction Time? 2-3 Week Hedge on SPXSI have charted 3 previous corrections where gains can be captured on SPXS and provided a guess as to where we might end up if you belive we are in a correction period.
The first correction starting on 6/8/20, lasted 21 days and saw a 21.1% gain from the low of the correction start date to the correction end date high.
The second correction started on 9/2/20 and lasted 22 days. This correction experienced a 36.3% gain from the low of the correction start date to the correction end date high.
The third correction started on 10/12/20 and lasted 14 days. This correction had a 30.6% gain from low to high in the correction period.
The average correction time for these 3 correction periods is 20 days. The average gain from the low of the correction start to the high of correction end is 29%.
Lets assuming we are indeed in a correction and 1/26/21 was the low of the correction begin date. If we also assume the correction period will last the average of the last three correction periods we land on 2/16/21 as the final correction day (since day 20 is a Sunday.) Let's also assume the gain will be the average of the last three corrections at 29%. This gives an expected price target of roughly $45.00 on or around 2/16/21.
Must have hedge in every portfolio SPXS I cannot stress the importance of having this must have inverse ETF in your portfolio during these uncertain times. I have lost faith in believing anything I see or hear after living through 2020. I do not trust the news, data, markets, govt, etc. after going through the biggest fuck fest of my lifetime.
This year I learned everything there was to learn about my personality through trading. Trading exposes all of your weaknesses and strengths. It also exposes all of your bullshit and allows you to learn to change your very strong beliefs that market doesn't give a fuck about. Charts also expose all of the bullshit about markets. Divergence (bearish or bullish) is usually a bullshit-expose-barometer for me personally.
This chart is probably the biggest mindfuck I had pleasure looking at this past months. If I saw this MAGA bullish divergence on any other stock, I would be buying this stock with all of my ammo and I'd throw a kitchen sink at it. However, with Jerry at the driving wheel - I have no idea what this will do next but I wish Jerry and the gang a Happy New Year and I hope that demogorgon doesnt get his ass and doesnt drag him into the upside down cause Jim Hopper aint coming for his ass.
All I am trying to say - keep this one on your radar.
For those not familiar with this ETF, copy pasting it from Google: "SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index's return for a one-day period. The fund, like most geared inverse products, is designed to deliver its 3x inverse exposure to the S&P 500—a cap-weighted basket of 500 of the largest firms in the U.S.—for one trading day."
Happy New Year Fellas!
PS: always do your own research, dont listen to pajama pants traders online.
SPXS - Just leaving it here for you to seeDec 16 - Dec 26 major corrections across all markets. Aliens told me.
Bullish divergence on SPXSSPXS has been slowly gaining strength. The RSI is reversing from oversold territory while the OBV bounced off a support.
Similar price action can be seen before the March pump.
With the S&P and major tech stocks at all time high, it may be wise to get a hedge. In addition, US election limbo may lead to high volatility in the coming weeks.
This is a short term trade. Do not hold long term due to its decay.
Price targets:
4.85
6.5
Note:
This is not financial advise. Please do your own research.
SPXS 3xbear spx short This thing has been in a downtrend for some time. It goes the opposite way of the SPX. It’s starting to look healthy, weekly Td9 green flash just occurred. I would get into some March 2021 calls asap for
5-6$ Price is at 4.21 now could hit 4.15 tomrorow wirh a low of 4.07 but I would be getting in whenever you feel comfortable. A lot of money to be made and calls are cheap!! Just my opinion, SPX is getting bearish on long timeframes.
reversed hammer. is it time to short?you can also see the positive divergence here. the next 2 weeks will be interesting.
SPXS - Island Bottom ReversalThe SPXS which is a 3 x inverse ETF on the SPX looks to be making an "Island bottom reversal" which would indicate to me that the market is going to further shit the bed.
I got long on the short ETF inside the island
Example: "https://www.stockcharts.com/articles/mailbag/2010/09/what-is-an-island-reversal-kol-aapl.html"
Crash ComingPeople are Euphoric because of the vaccine here are a few bullet points to not get sideswiped by the news of the pandemic hitting us before nearly anyone gets vaccinated.
1. The first ones to get vaccinated WILL BE the first responders. This makes sense because the first responders are necessary for fighting the disease so we will want them to be immune first! That means that the majority of other people out there that still aren't wearing masks won't get it until next year possibly April or May.
2. It takes two doses 30 days apart. The reason this is a big issue is that first off when they say we have 50 million doses to give people that means only 25 million people are going to be immune. AAANNNND we are currently in the third wave (see bullet three)
3. The third wave is hitting us hard for several reasons. ONE because of the news of vaccines coming out means that people can see the light at the end of the tunnel so people are less likely to socially distance and wear masks. Next, it is currently FLU SEASON which means transmission for any flu-like disease will spread much quicker. Finally, the spread is being especially fast right now because many aren't seeing this news upfront on major media because they are still covering the election results and how the stock market recovered.
THIS IS NOT TO SAY sell the market although that is what I am doing. It is just to say be careful out there. We still have a lot of uncertainty and buying this index at this really low price can be beneficial.
SO I am buying in AGAIN at 4.65ish I will continue to ride this up until about $10 which is when I will set a trailing stop so that if it does continue to rise I will continue to profit. Now I am expecting this to rise til $16 but I know that it can be a little FAR away so I'd rather not put all my eggs in that basket and be okay with taking profit right around $10
SPXS$4.30 double bottom could be the sweet spot or it could just fail and SP500 goes to 4000. Im watching
Long $SPXS (the Reverse S&P500) for a 177% profit at $15.Crazy thought?
Long the Reverse S&P500 for a 177% profit at $15.
2 weeks ago, I bought the $SPXS for $4.86 (currently at $6.09 so up 24%) but with the election coming up (and contested?), COVID cases rising in the US... I feel like we can shoot for more.
I'll be out of the position soon enough but I will for sure follow its evolution.
What do you guys think?
In March, the SPXS gained 150% in less than a month, and in 2018 70% in 18 days.
Crash Happening?With many outlets warning of a crash this could push sentiment towards a bearish market.
COVID cases rising in Europe could indicate a similar fate for the U.S. The stimulus checks not coming as promised and an election that could change the monetary policy and increase taxes on the wealthy that influence the market. This could mean trouble with an eviction crisis coming soon too. The only thing I see getting us out of this is a massive distribution of a vaccine that works. People aren't trusting the idea of a rushed vaccine (wasn't that the plot of I AM LEGEND?)
Anyways based on this information, I'd like to submit my analysis of the SPXS which in the heat of the lockdowns rose 150%, and based on this information I will see price targets of 11.10-11.50 which is where I will start a trailing stop. Then I may consider the price 16.60-16.75 based on technical analysis and price action. The trailing stop may hit prior but either way, I will profit while the market tanks. I hope you do too
Spxs1-Corona causes new closures in the world.
2- Influenza virus will aggravate stress in the population.
2- The volatility of VIX in October will rise.
3- Approaching the election.
Idea only.
Not professional advice ....
