MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038Arca
Descrizione
⋅
I normally wouldn't post this on SPX but I get the impression there are a few that would appreciate this info and I don't feel like I've contributed enough to this group. Going parabolic is nothing new, finding the top is. That overbought indicator has been accurate 8 months in a row on this stock, going in on FNGD is either going to prove to be a short small loss or a short term big gain. Any and ALL Opinions are appreciated. I have 1/2 dozen other charts on this stock that reinforce this idea, I just need to figure out how to share more than one chart yet lol.
I wasn't aware of FNGU and FNGD. They look amazing! Thanks for pointing them out and for these interesting red flags. Today's bubble is so tech-heavy that FNGD sounds like a great choice for profiting from a drop down. I'm weighing the best options for taking advantage of a drop. Looking at recent history, in the drop from Feb. 20 - Mar. 23, FNGD rose 158%. UVXY rose 881%. In another big drop, FNGD might do even better than in March because of the tech-heaviness of the bubble. But if all sectors drop, UVXY might still do best. Other thoughts & opinions appreciated. Thanks again!
z3m25
⋅
@davidismyname, very exciting stuff. I'm taking a position tomorrow on the vix as well.
CapeAfrican
⋅
lAST WEEK most the Fangs were DOWN - only Appl and Tsla and Nvda carried the Nasdaq. The leadership is getting smaller and smaller and there is NO way that continues. Appl and Tsla distribute the splits next week and historically they both pullback after the split. Russell 2000 and NYSE broader indexes are steadily DOWN since 8-11 and they are the broader market.
z3m25
⋅
@SeattleGuy, yes, they typically drop 25&35% after a split, I hope to watch the fireworks
Zakky1
⋅
@z3m25, hey man love the chart. where did you get that figure on stock split decline? been seeing the opposite just on a google search, just wondering :)