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Here’s a great example of how corrosive leveraged funds can be. Below is a percentage comparison chart of MSTR, a strong performer, and MSTX, its double-bullish equivalent. Is MSTX up twice as much as MSTR? Of course not! Indeed, it’s about HALF the performance. As a day trade instrument, it can be interesting, but over a span of even a few weeks, these leveraged funds will probably be much worse off than their underlying instruments.
The one and only “time-aggressive” position I have is on EFA, which are March $80 puts. I’m up 22% on them, but I will ditch ’em if EFA crossed above the dashed line. This line represents the resistance expressed by the tag of the broken trendline.
I still think the (sloppy) diamond pattern could turn out to be a big winner, but, yeah, we need to get some selling going on here!
I’d like to tout symbol XHB once again, because it is probably my favorite long-term short among the fifty ETFs that I follow.
