Leveraged inverse silver ETF (DSLV) is a tripled leveraged inverse silver ETF. It goes up when silver goes down. Since DSLV is a triple leveraged ETF, the position size should be one-third of the normal position size. The buy zone is $12.40 to $13.76. It is trading at $13.57 as of this writing in the premarket. A triple leveraged ETF always presents high risk, there is additional risk here because the ETF is opening gap up from yesterday’s close of $13.10. The second risk is yesterday silver was approaching a resistance zone of $20 to $20.30 but did not go any higher than $19.75.
CHINA BREAKTHROUGH AND FED SUBSERVIENT TO TRUMP — HAVE YOUR CAKE AND EAT IT TOO $SLV $GLD $GDX $TBT $TLT $INTC $SPY $AAPL $FB $QQQ
A deal could lead to faster economic and earnings growth, necessitating higher official interest rates from the Federal Reserve.
U.S. stock market futures spiked as soon as the news hit that the U.S. and China would schedule high-level trade talks in October.
My opinion does not count, but the opinion of someone who is apparently connected to the Chinese government does. China’s Global Times editor tweeted: “There’s more possibility of a breakthrough between the two sides.” Let’s explore the issue with the help of a chart.
Chart
Please click here for an annotated chart of S&P 500 ETF SPY, which tracks the benchmark S&P 500 Index.… Please click here or the title below to read more.
September 5, 2019