"something's f**king broken"
note DGAZF
compare it to UGAZF
zh: "Credit Suisse may need to consider shuttering the (DGAZF), after pricing broke down and the exchange-traded note closed with a 645% premium to net asset value yesterday, and it traded as much as 3,900% above NAV because market makers lack the ability to create new shares to meet demand."
[A cautionary tale for triple leveraged ETFs and ETNs]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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If you are looking at market profile, the value area still under 55ish so far, trade the value, so I short again here with target at 55, keep at it for 3-5 handles scalp until it gets there then It will become a position trade once again, will be back Friday to collect before the weekend. what a plan.
My comments are for entertainment/educational purpose only. NOT a trade advice.
This kind of pullback shouldn't be seen in an uptrend day so guess we're back into a range, now seeking the range low.
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WARNING: POLITICS
Wall Street generally considers Harris a moderate.
Bespoke Investment Group’s researchers wrote in a Wednesday note that “while the selection [of Harris] isn’t likely to provide much of a boost for Biden, at this point it likely won’t hurt him either,” and that could be read as not likely to hurt the market either.
JPMorgan strategists have said that a Biden win in November would be “neutral to slight positive” for equities. https://www.marketwatch.com/story/kamal ... 2020-08-12
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.