I believe I speak for everyone here when I say we all appreciate the work and input Earl brings to the table. I don't wish the different opinions on the merits and pitfalls of leveraged ETFs to be misconstrued or misinterpreted.
We all appreciate Earl's input and looking forward to your daily update, Earl. 🙂
We have an interesting group here with input that comes from different data source. This increases the reliability of the collective concensus.
That is not my point, Earl. It is not about history. It is about the market movement. I am sure you would agree that it isn't prudent to expect the recent past to persist permanently into the future. Otherwise, we all should be mortgaging the house and emptying the kiddie college funds to buy calls, just because buying calls have worked extraordinarily for the last 12 months!
I am sure you would agree that what worked recently is a factor of the market environment we had recently. And that may persist or may change. Setting that aside for now. I just pointed out that, under a different market environment, the dynamics of the ETFs will change correspondingly. It is not a factor of the present or the distant past. It is a factor of what type of market movement that exists in the time period.
It's all about the close. The area of $6.99 is comfortable. Too much above or below that, and I will have to make a decision right before the close.
SC, Hi and yes Earl's work is always appreciated. I look forward to the morning and afternoon read.
At this point in the day would you feel good about holding overnight?
That strategy works well with your short term trading approach. To use the term of my generation, “it's all good, dude!' LOL
Hi Gcocks,
Been too busy debating the merits of 3x ETFs to actually be trading them 🙂
Actually, I've been accumulating TZA all day. Average is $6.96 at the moment.
I believe I speak for everyone here when I say we all appreciate the work and input Earl brings to the table. I don't wish the different opinions on the merits and pitfalls of leveraged ETFs to be misconstrued or misinterpreted.
We all appreciate Earl's input and looking forward to your daily update, Earl. 🙂
We have an interesting group here with input that comes from different data source. This increases the reliability of the collective concensus.
Hi earl, got any positions?
SC,
I need to keep things simple. It either works well now or it doesn't.
That is not my point, Earl. It is not about history. It is about the market movement. I am sure you would agree that it isn't prudent to expect the recent past to persist permanently into the future. Otherwise, we all should be mortgaging the house and emptying the kiddie college funds to buy calls, just because buying calls have worked extraordinarily for the last 12 months!
I am sure you would agree that what worked recently is a factor of the market environment we had recently. And that may persist or may change. Setting that aside for now. I just pointed out that, under a different market environment, the dynamics of the ETFs will change correspondingly. It is not a factor of the present or the distant past. It is a factor of what type of market movement that exists in the time period.
One Million Dollars… (more like 10 cents). I haven't decided yet girl. I'm still thinking about it.