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Since this is the first weekend in a while I’ve felt absolutely terrific about the world of trading, I want to celebrate the call I made two Fridays ago, when I insanely suggested buying the triple-bearish-leveraged instrument SOXS. Truth to tell, one could have waited an entire week to get the exact same entry price, because the meat of the move was just on Tuesday and Friday, but all the same, it went up about 50% swiftly without ever having to take any heat during the holding period.
In the midst of that son of a bitch bastard traitor Powell on Friday the 23rd, I was the only person on the entire planet insane enough to suggest, of all things, buying a TRIPLE BEARISH ETF on semiconductors, SOXS. Here’s the proof. And below is what happened next. Not a single buyer would have even seen one penny of loss. Amazing.
If you believe, as I do, that real estate is going to be in trouble, I have three ETFs to suggest as long term (let me put that in caps……LONG TERM) bearish positions. This is not a 0DTE trade. This is something which I think will be good for months to come.
The first, XHB, is mashed up against the top of an extremely long-term price channel. Let’s just say it’s got plenty more open air beneath it than it does room to roam above it.
