Get started

HIBS

High Beta Bear | HIBS | Long at $22.00 (September Only)Historically, September is one of the worst performing months in the stock market. A hedge against my bets for this month is to buy shares of Direxion Daily S&P 500 High Beta Bear 3X AMEX:HIBS as a volatility play. The index provider selects 100 securities from the S&P 500 Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. This isn't "buy and hold" play, whatsoever - you'll loose. It's a short duration hedge using seasonality odds that *may* be in my favor (i.e., September sucks) Target #1 = $24.85 Target #2 = $26.00 Target #3 = $28.00+ A stop exists below $20.00.
AMEX:HIBSLong
by WorthlessViews
HIBS | Do I Smell a Pullback | Bear ETFThe fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index provider selects 100 securities from the S&P 500 Index that have exhibited the highest sensitivity to market movements, or "beta," over the past 12 months based on the securities' daily price changes. It is non-diversified.
AMEX:HIBSLong
by DivergenceSeeker
2
SPY vs. HIBS --> THE REVERSAL IS COMING- timing it is the keyLooking at SPY vs. HIBS (3X High Beta BEAR)- very interesting to see in comparison- here are my takeaways: 1- Look at the volume trends....(SPY volume trendline excludes sell of during island top) 2- Look at formation of the ascending/descending triangles.... 3- Is the island top formed in SPY the beginning of the bear trend? 4- SPY-- IF we close ABOVE the $323.89 level then we will continue on up (DEFYING ALL LOGIC), but if we break below the ascending trendline then we are headed DOWNNNNNN Overall takeaway- I believe that the existing bull run is exhausting but it is still too soon to confirm this- I believe between now and the first week of July we'll have our answer so keep your eyes close on not only the charts but FED/COVID news that may strongly shift market sentiment.
AMEX:SPY
by ramandeep_josen