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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,652.00
(
0.06%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,735.85
(
-0.09%
)
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wadegarret

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wadegarret

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Re: None

Thursday, 05/23/2019 11:49:52 AM

Thursday, May 23, 2019 11:49:52 AM

Post# of 112977
^SOX down 22.5%, S&P down 20% from highs

The gap is closing fast. That is, 4 weeks ago, the SOX was up around 48% for the year, while the S&P was up 25%. Now the two are almost down the same. The significance is huge IMO. That is, as the divergence between how much the two indexes are up from their highs gets tighter, the risk reward becomes skewed in favor of the SPXS. That is why I have decided to stick with it. In fact I added a bit today at $21.
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