AMEX:SH following green line. No change in chart. Use as hedge for preservation of capital.
AMEX:SH This is an inverse ETF that is relatively safe. Do your research, but I am adding this to my portfolio as a small hedge. Green or RED to me doesn't really matter...at the least, it'll smooth some volatility out of my portfolio. IF YOU READ THIS, FOLLOW ME
Why S&P bottomed when it did
Long Entry on the SH retracement back to the support area (DAILY CHART). There is a good profit potential Target being 33$. 14:1 Reward to Risk Ratio app.box.com
My notes on the ( SH )... SPY Inverse ETF_ prior to the fall of the SPY ETF.
Volume confirms everything but sometimes you have to go looking around to find the volume you are looking for. The normal volume, the Volume Profile, or in this case, the volume on the inverse ETF of the stock market/indices. Below is the three month (1q) chart for SH and we see massive volume candles confirming the tops of wave 3 and 5 from my posts on SPX. ...
SPY will bounce so far early bullish engulfing printed. Let's see if there is continuation and see if this buying holds. The first bounce is always strongest. Bought a Put $2 Strike $34 Exp Jan 18. Price target $31. Payout $100. Stop loss $33 if price levels continue higher I will take off trade for as little of a loss as possible. Delta -71 High probability...
ONCE IN A LIFETIME OPPORTUNITY TO BUY PROSHARES SHORT S&P500 ETF, BUY NOW AT 27.24 FOR A TARGET OF 145.....JUST BUY AND FORGET
BEST TIME TO HEDGE YOUR PORTFOLIO AND BUY PROSHARES SHORT S&P500,,,BUY NOW AT 27.20 AND WAIT FOR ALL THE CORRECTION TO HAPPEN IN S&P 500 AROUND 50 TO 60% PERCENT CORRECTION AND THEN EXIT...
I'd say that's quite bearish for SPX (bullish for the inverse etf). Incredible risk/reward at this point.
Two counts here, one bullish and one bearish. I am leaning towards a deeper correction in the SP500 and so prefer the bullish red count for this inverse etf. The red count would suggest that we are now in a B wave correction before wave C starts with deeper declines in the SP500. A couple of things make me like the red count better.....the alternation of the 2...