Comments on: /NQ QQQ Nasdaq 100 Update 2-13-23

By: HermonMunster

HermonMunster — Tue, 14 Feb 2023 13:46:53 +0000

Yep. I just looked back at price history for boil. I has reverse split so many times that the all time high is $39,760.

I was in XIV back in the day inverse VIX. It was distorting the market and blew up. I lost 90% of my position over night .

These ETFs are not the commodity. Natural Gas will always be around bout BOIL/UNG maybe not.

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 14 Feb 2023 03:39:10 +0000

In reply to Imadaytr8r. There’s a very good chance that BOIL will either reverse split (1:20 or 1:100) or will be retired before long. It’s impossible to hold a position in an asset like BOIL that is constantly rolling front month futures contracts. There will always be massive slippage and degradation in the ETF. And UNG is no different in that respect. Remember what Randy says about leveraged ETFs: they can be great in a strong trending market, otherwise they will always lose money over the long term. Have you ever thought of trading KOLD, the inverse of BOIL, instead? It’s up 600% since December, proving that leveraged ETFs really can outperform when the trend is strong.

By: Imadaytr8r

Imadaytr8r — Mon, 13 Feb 2023 21:02:00 +0000

Only one thing colder then this year’s Winter … that’s all my long positions in NatGas…. All I need now is for BOIL to blow up to put me out if my misery :-(

By: thebeagle55

thebeagle55 — Mon, 13 Feb 2023 19:40:07 +0000

In reply to Scott. agreed

By: Manuj

Manuj — Mon, 13 Feb 2023 19:06:54 +0000

Time to short.

By: Jeff Vandenburgh

Jeff Vandenburgh — Mon, 13 Feb 2023 18:34:22 +0000

I’m noticing a similar “downtrend” line in /ES that has been hit today. Also noticing that the same downtrend line may also be interpreted as the upper edge of a bullflag by many traders. AAPL also has that bullflag look, and has already broken out to the upside today. Crossing my fingers that AAPL’s strength ends up a bear-trap, otherwise last week’s weakness may have been just a pullback in a healthy new bull market.

By: becky

becky — Mon, 13 Feb 2023 18:26:15 +0000

In reply to Scott. There is a diff between adding shorts to 401ks and adding shorts with 401ks :-)

By: Scott

Scott — Mon, 13 Feb 2023 18:23:54 +0000

In reply to B-Right.

https://youtu.be/UK3MCasdWDQ?t=495

By: Mikeflegel

Mikeflegel — Mon, 13 Feb 2023 17:23:47 +0000

This reaction sounds like your conviction is high. Maybe as high as you get and you're usually right. Other than the down trend line is there anything else with regard to treversal you see. Thanks

By: B-Right

B-Right — Mon, 13 Feb 2023 17:18:13 +0000

In reply to Scott. that was in his swing shorts. For short term he might be long looking to gain that bounce.