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...
There be no bears here - only bulls! TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance. When bears become dominate, inverse ETFs become profitable. Interest rates rise, tech get's kicked in the teeth. HIBS: Entry (Stop-Limit) - 5.18 Stop Loss - 4.59 First target - 5.5 (+6.8%) Anticipated...
The 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...
Looking 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...