I was upset with myself last week for fumbling the FNGD trade. I have made it right, it seems, by entering it again in size yesterday. So far, so good. Full disclosure time, though: since I’m a bit of a pantywaist, I’ve taken profits on FNGD and SDS as well as my QQQ puts! Anyway, here was the lift-off on FNGD:
This is the triple-inverse of the FAANG stocks, whose regular bullish ETF (non-leveraged) looks like this:
I suppose, in fairness, I should thank Ms. Bondi for daring to speak in a way the market gods rarely approve.
