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Exchange traded fund
This is a daily tracking double leverage instrument - about as toxic as you can get. I still can't believe the SEC doesn't put the people who bundle and sell these sorts of instruments in jail.
Will lose tracking accuracy if held more than 1 day, so definitely will underperform in the long run. No brainer.
Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing
When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!
QUICK! Pick a reason to exit a market that has risen too fast and gotten too expensive. Here are three to choose from: buying power is getting exhausted according to DeMark indicators; daily sentiment indicators are 88% bullish; RSI’s and oscillators are over extended.
Fading every pick made by Ultralong
This market is about to head south. Like geese migrating away from the lovely Canadian north to the less desirable American lakes, the S&P will migrate from its vacation cottage in the 800s and return to its habitat in the 600s.
I am not sure we are at the bottom, but I am sure that we are very close. I am recommending a long position in this etf. Every time there is a 10% drop in the index you should buy, and every time there is a 10% increase in the index you should sell. I do not recommend purchasing and holding ultra etfs long-term. The fees are simply too high. Play the trading range and don't get too greedy.
Because Ultras Suck
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