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BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU



TSX:HVU - Post by User

Post by RichyRich$on Jun 09, 2014 11:15pm
180 Views
Post# 22644407

Should Hit $4.00 by Friday ...

Should Hit $4.00 by Friday ...HVU has settled down and the emotional Wall Street rally cooled down. Now time for FEAR to kick into the markets. Even if the S&P 500 hits 2,000 it won't go there in a straight line. First a weeks correction. I finally made a good move. Sold $3.36 Friday and bought back $3.25 today. I lowered my position to only $8,000 in it. Just gonna leave it in GTC sell order $3.95. HVU move fast, its best to punch in a GTC sell at what you think it'll hit and don't watch it too much. On the daily chart, HVU deviated way too far from the moving average and at Support S1 pivot line. Time for it to mean revert to $4.00. Unfortunately I'll just break even from an $1,800 loss. Don't want to put too much money on it anymore. End up chickening out to hold it for a week when too much in it. My strategy is to hold it until Friday close or if the $3.95 GTC sell order sets off.
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