TSX:HVU - Post Discussion
Post by
manxcan on Mar 14, 2018 3:09pm
This will rip
https://www.bloomberg.com/news/articles/2018-03-14/subprime-auto-bonds-caught-in-vise-of-rising-costs-bad-loans. I have traded this since Monday riding short on long positions. I rode a short on companion UVXY off the day high just 9 cents below. Here I have taken biggest trade of week
I am long 30,000 shares current UVXY and caught this near pure bottom . Bullish is to project we see move from UVXY $14.57 low at open today to $20 by Monday. Way to much pressure on broad market. China tariffs potential upcoming, tariffs current. The bond market under pressure. CPI points to certain I rate increase.
I am am looking for a plus $16, = HVU $24.60 to see a bullish support level for this trade and hold for extended days. Smart play now if trending up let it run.
Expect days ahead extreme volatility as Fed meetings next week. Projections do not count, manage risk, trade reality, cut out profit slowly if trending or exit if forced.
GLTA Cheers Manx
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