Wednesday, September 12, 2018 11:05:40 AM
Well today is interesting for me.
The SOXL:SPXS chart, 6&10 day MA cross over occurred last week and told me to move money into SPXS, which I did.
Today, at ~1 1/2 hours after the open, Nasdaq is down 1%, which means I am on the right side of the market. And accordingly, SPXS is up ~1% so far this morning. However, SPXS is a 3x S&P Bear fund. It should be up ~3%. It is lagging.
I then noticed SOXS, the inverse 3x ETF for SOXL, is up ~10% so far this morning.
You suggested the SOXL:SOXS chart might be a better one for me to use. It seems you were right. I will watch today to see if the lagging SPXS moves to be 3x of the S&P down move, as it should.
What I am seeing this morning though is telling me SOXL:SOXS might be the better pair for me going forward.
GLTY
The SOXL:SPXS chart, 6&10 day MA cross over occurred last week and told me to move money into SPXS, which I did.
Today, at ~1 1/2 hours after the open, Nasdaq is down 1%, which means I am on the right side of the market. And accordingly, SPXS is up ~1% so far this morning. However, SPXS is a 3x S&P Bear fund. It should be up ~3%. It is lagging.
I then noticed SOXS, the inverse 3x ETF for SOXL, is up ~10% so far this morning.
You suggested the SOXL:SOXS chart might be a better one for me to use. It seems you were right. I will watch today to see if the lagging SPXS moves to be 3x of the S&P down move, as it should.
What I am seeing this morning though is telling me SOXL:SOXS might be the better pair for me going forward.
GLTY
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