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The market’s strength continues to unveil new opportunities. One relatively low-risk one is EFA. This is the same missed opportunity from April 2nd which I decried repeatedly. Well, the same gap trade has returned, albeit at a lower level.
Wow. Just a good hard look at SOXL, the leveraged long ETF for semiconductors. I guess this explains why we haven’t seen Jensen Huang’s idiotic arm tattoo in a while, huh?
The funny thing about these leveraged instruments is that, a few months ago, you could have bought both the ultra-long and the ultra-short, and they’d BOTH be wipeouts.
