I have entered a shares position in SPXU, a triple-leveraged inverse fund based on the S&P 500 index.
The Fisher Transform on the S&P 500 signaled a downtrend this morning on the daily chart, a profitable direction for inverse funds.
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By Tim Bovee, Portland, Oregon, May 15, 2018
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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Based on a work at www.timbovee.com.