It is easy to get spooked these days. I have bought stuff from Banggood with no complaints previously. I have an order with them now, but it is out of stock, and I am waiting. One wonders: Hmmm, can a virus survive the trip? Nah. Of course not. Are you sure? Nah. But eventually maybe some of these viruses can survive a long time on different materials. Anyway, I did not cancel the order. Yet. Paranoia? Yeah. Probably. But we live in strange times. I think our knowledge of viruses is rather limited.
Charts posted are not recommendations. They are just a sharing of information.
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50% chances of double bottom here but if bulls can break the ema20 here then chances are good that the low was in, key time.
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So the low was in, at least now it's clear it's just a range day, no bear yet.
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HEDGING, CONTINUED:
So.... SPXS (3x short SPX) is roughly $12 per share
pretty cheap protection
SDS (2x short SPX) is roughly $23 per share
plus, both have nice volume especially on down days
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Aggressive sectors, last 10 days, %
At this point, technically this is a dead-cat-bounce up to a declining MA
But nobody trusts the bears, believing that the dip will be/is being bought
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.