Rod_85

European banks now going into reverse

Long
MIL:3BAS   WISDOMTREE EURO STOXX BANKS 3XDAILYSHORT
Concerns reemerging about a debt crisis. In this tripple leveraged instrument, there is a breakout from the trend.
Due to it's very volatile nature, risk management must be on point.
Stop loss so important to accompany this trade

I'm short banks (long this inversed instrument)
Comment: watch it go!
Comment: so far this hasnt held up, but new data from treasury bonds, junk bonds, indices and oil prices based on long term trends is making me more confident about this idea. I think in the next weeks to months we are about to see an existential shock through the market. I have placed puts in many indices and on oil today, for expires as far out as 9 months in the future.

Comments

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