AI
Thursday, September 20, 2018 11:25:18 AM
With the market move up today, the SOXL:SPXS and also SOXL:SOXS chart 6 & 10 MA’s crossed this morning. So, this morning I sold SPXS and bought SOXL. Going forward I will be using the SOXL:SOXS pairing, replacing SPXS with SOXS.
I realized a ~0.5% loss with the sale of SPXS this morning. The TECH sector has been relatively flat the past two months. Waffling. Small gains and small losses during periods such as this are not unexpected. Just need to be on the right side of the market when a more significant move either direction begins.
Also, the VIX is moving back towards its interesting pattern again.
Following this one too. A move from ~36 to ~43 is 20%, & ~36 to ~46 is 30% (lower to upper band).
I realized a ~0.5% loss with the sale of SPXS this morning. The TECH sector has been relatively flat the past two months. Waffling. Small gains and small losses during periods such as this are not unexpected. Just need to be on the right side of the market when a more significant move either direction begins.
Also, the VIX is moving back towards its interesting pattern again.
Following this one too. A move from ~36 to ~43 is 20%, & ~36 to ~46 is 30% (lower to upper band).
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