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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (183332)	1/5/2023 9:31:11 AM
From: Turtles_win	Respond to of 222092

Yes, sure does. BOIL is gonna cause me (and hopefully not you) some serious pain this AM. I am afraid that this type of market can cause nasty losses no matter what you do. Even going short with something like SQQQ could backfire - there could easily be a spirited short term rally. Looks like NG is going to reach that 3.50 downside target. Clear down to 3.87 according to bloomberg pre-market this morning. Just about everything except for short stuff like SQQQ will be down this AM, including gold. BOIL looks to open down 12% after being up just 1/2 that yesterday. I promised myself I would sell it yesterday on a bounce and that was the right thing, but I convinced myself that NG was going to continue to rally. Nope. I guess gold (JNUG) might be the best thing in a very bad market, but my guess is gold will correct hard pretty soon, so even that is dangerous.