Replies to post #2023 on ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Ha, I have bene watching it too.



I have added a small BOIL position this week.

BOIL has a good chance to exceed $52 this week or next. (See the cluster of November $50-$55 EOD prints in the above linked BOIL chart) Regardless of what it achieves in the next 5-7 days, I will sell. As Jan comes to a close and the front month contract rolls from Feb to Mar, NatGas will tank again. Might be a KOLD play to watch for as the contract roll approaches though.




I am holding most of my reserve cash at the moment to put on a Bitcoin miner stock or two once confirmation $BTCUSD has bottomed. Watching for the M65 to turn up on the Daily.

[No-Quarter]

This is what I think is coming, and am preparing to profit from.

Take a look at page 6 of this month old publication -

https://covid-19.tacc.utexas.edu/media/filer_public/20/b0/20b055db-78da-41e6-a1e4-d3afaad6167b/omicron_emergence_-_us_scenarios_-_ut.pdf



Under several different scenarios, the Omicron variant saturates the US population and hospital activity peaks near the end of January (in two weeks!!!). No more people in the US to infect after January. The calm after the storm arrives in February.

Unless a new undiscovered variant appears to present yet another new wave, I am thinking economic activity kicks into overdrive in February.

Nasdaq (TECH) goes boom again (Kathy Woods can breath again).

BITCOIN goes boom again.

Travel and leisure activities goes boom again.

Here is an NPR summary of the above document that suggests the same.

https://www.npr.org/sections/health-shots/2021/12/17/1065083105/u-s-omicron-wave-could-be-the-worst-yet-projections-find-and-its-coming-fast


...and one more to support this therory from here - https://www.winknews.com/2022/01/03/how-will-pandemic-end-omicron-clouds-forecasts-for-endgame/

Ellebedy says baseline population immunity has improved so much that even as breakthrough infections inevitably continue, there will be a drop in severe illnesses, hospitalizations and deaths — regardless of the next variant.

“We are not the same population that we were in December of 2019,” he said. “It’s different ground now.”

He said, think of a wildfire tearing through a forest after a drought. That was 2020. Now, even with omicron, “it’s not completely dry land,” but wet enough “that made the fire harder to spread.”

He foresees a day when someone gets a coronavirus infection, stays home two to three days, “and then you move on. That hopefully will be the endgame.”

GLTY

[No-Quarter]

Look over M's Evil S post today. He mentions CL (Crude Oil), and NG (NatGas) as both posed for a break out to the upside.

NRGU has been on a tear since Jan 1.

He is suggesting BOIL will follow a similar trend up soon.

GLTY