SOLD FAZ $54.67
SHORT ANF $23.21
Markets are mixed and trading is boring these days. I still think the trend is down for the upcoming weeks and I have put on some short positions and bought some inverse ETF's, such as the S&P500 Bear, which leverages 2X to the downside. We are awaiting more Q2 earnings and as they roll in, although some may beat expectations, many will have weak guidance going forward so that will put a limit on upside for these markets. Any worse than expected earnings will drive this market down as the +40% runup we've had since March has run too fast, too soon!
SHORT ANF $23.21
Markets are mixed and trading is boring these days. I still think the trend is down for the upcoming weeks and I have put on some short positions and bought some inverse ETF's, such as the S&P500 Bear, which leverages 2X to the downside. We are awaiting more Q2 earnings and as they roll in, although some may beat expectations, many will have weak guidance going forward so that will put a limit on upside for these markets. Any worse than expected earnings will drive this market down as the +40% runup we've had since March has run too fast, too soon!
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