Overall I think we're on Leg B of a market correction in the bigger picture. But in the short run, it looks like we're on Leg 2 of an Elliot Wave up for UPRO on the S&P overall, expecting a 6-10% rise, then a precipitous drop . Prediction - UPRO dropping to between 58.91-59.73 with arise to between 64.5-70.08 (short run) New to this platform, would welcome...
The SPX had tons of momentum before Corona Virus took ahold, which will have an effect on earnings for a few quarters. Look for the market to fully price in these concerns shortly and the rise should continue, especially quickly for this leveraged fund. Target $90
It's insane how many stocks got huge increases in their earnings forecasts today. Virtually all the mining stocks, energy stocks, China tech stocks, aerospace stocks, airlines stocks, and rideshare stocks got bumps. Some of the biggest raises came in Baidu, Boeing, and Uber. I'm also seeing some pharmaceutical upgrades in companies like Abbvie and Alexion. Some...
System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk Reward 2:1, 20 Years of Backtesting Data! Follow me for my Buy & Sell signals!
UPRO vs FAS vs SPXL (May 2010 to Nov 2019)
Last week,the index rose up to 3028 area as it was expected. The index fell approximately -0.80,as geopolitical tensions in middleast escalated over drown attack to Saudi Arabia pipelines,which made the oil prices rise about 10%. If 3028 servers as a mid-term pivotal support,the index prices may rise up to 3028.
Last week,the index rose up to 3028 area as it was expected. The index fell approximately -0.80,as geopolitical tensions in middleast escalated over drown attack to Saudi Arabia pipelines,which made the oil prices rise about 10%. If 3028 servers as a mid-term pivotal support,the index prices may rise up to 3028.
I hope you haven't let the down days keep you from taking advantage of the uptrend we have been in. And remember when it reverses to sell these and go into SDS, SXPU, or SQQQ. If that is all you do you can make money without even trading stocks - just ride the appropriate ETF that either takes advantage of an up trend (like this one) or shorts the market on a...
ProShares UltraPro tracks the S&P 500 and uses leveraging techniques to triple the performance of the S&P 500. If tomorrow goes as expected this thing will move back above the 50 day MA. In the stock trading world crossing back above the 50 MA is called "finding support." We may as well take advantage of the expected across the market move upward; It's worth "at...
At least short term bullish, target 33.50ish