Despite the strength of the past few days this resembles trading in a Bear market rather than a Bull. We were up over 300 points at mid-day and have given almost half of it back already.
A bull market would trade up 50 points a day 5 days in a row.
My short term models are now very overbought and extended so we’re back into hedge mode now. Rather than using the SDS I bought the TZA which is more volatile but I found that we need the greater volatility to offset long positions. We’re in the TZA at a cost of $44.36.
Long TZA