Yes well...it did work like the straight and squiggly lines suggested. And of course I sold last Thursday...both positions. When these triple X ETFs move fast in a short period of time I get jittery. Happy to lock in significant gains in a matter of days...but second guessing.
I sold UGAZ before the EIA inventory report on Thursday morning. The report was bearish somewhat but price didn't retrace much at all. I think short covering is in play. Next report is tomorrow morning so I will just wait for that and hope for a pull back. It feels like fall this weekend but temps are going up for the rest of the week.
BRZU was fun for less than five days holding. I also regretted the quick sell somewhat, but I had in mind to swap Brazil for India which I did.
I sold UGAZ before the EIA inventory report on Thursday morning. The report was bearish somewhat but price didn't retrace much at all. I think short covering is in play. Next report is tomorrow morning so I will just wait for that and hope for a pull back. It feels like fall this weekend but temps are going up for the rest of the week.
BRZU was fun for less than five days holding. I also regretted the quick sell somewhat, but I had in mind to swap Brazil for India which I did.
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