You need to buy into an International fund that does not have ST redemption fee and does not have a price based off the US close. Profunds will not work because it has a price based off the US close. I understand funds like this are quite rare to find. As far as I know, my company's international fund is the only way that I can play it unless you know of one.
A typical International fund is typically made up of 1/3 Asia, 1/3 Europe, and 1/3 SP500. Asian markets are closed before our day starts. Most of Europe closes before 11am EST, and DAX stays open until 11:30am. If the US goes up huge after 11am like Wednesday, I enter International for the following day because Europe and Asia will be start up big the next day. For example, if our Nasdaq rises 40pts from 11am, Asia and Europe should start up at least 1-2% the next day and probably finish higher than that because their markets are stronger than ours at the present. Also, currency is in our favor so that adds even more to the total return. So you are going into the following day knowing you will probably make on average of 2% from Asia and Europe combined, it is hard to lose money. If the US tanks, the worst you can do is break even. Typically, a one-day scalp appears at least once a month for an average 1-2%/month. Keep in mind that your money is earning interest the other 320 days of the year. The higher the volatility, the more opportunities arise and a falling dollar ALWAYS helps.
Does that help?
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.
AI
