Good morning, everyone!
See, I'm trying not to be lazy. I woke up an hour earlier. 妙舌 first (Enigma - Return To Innocence). So, let's see what is happening this morning.
JDST
GOLD is trading at $1184.90. Yesterday was a sudden incident. Gold broke the previous trading range $1100 - $1160. If it doesn't hit $1200 any time soon, it won't come down right away. At least, it will stay in current level 1-2 days. What happened yesterday is a very BULLISH sign on GOLD. So, please don't try to catch the bottom on JDST. Yes, it dropped 22% yesterday, it could drop more. We a little time to see what JDST will go today. It is trading between $21.10 - $21.40 in pre-market, but there is no trading volumes (only 12,582). JNUG hit $60 yesterday ($12 before 5/1 reverse split). The previous high was $52 ($10.4x5). From $34.4 to $60 yesterday, this is way overbought. So, the plan is STAY OUT of JNUG and wait for a good entrance point to buy JDST again. If JDST goes back to $22 - $23, please don't touch it, but wait.
UGAZ
NG is trading at $2.54 (just one penny above its key resistant $2.53). UGAZ is trading FLAT ($6.29 - $6.30) in pre-market. It has been trading between high $5s to low $6s in last 9 days. 久盘必升. It should hit ($6.80 - $7.20) very soon. So, please HOLD tight your shares and 做只缩头乌龟. You will see the sun.
UVXY
I believe most people need to know my 情人 (UVXY). SP 500 future is up 11 points (was about 14 points earlier). UVXY was trading in low $36s in pre-market and it is trading in high $36s ($36.72 - $36.75). The market has been stuggling to go up, but it failed. At current level, I see UVXY stays better chance than XIV. Yes, it is trading lower than yesterday's close $38.21. It hit the highest $40.16 yesterday. I see we will re-test $40 again. It should hit $42 - $44 in a short-term. And, XIV should drop to $26.
P.S. All the new guys must watch your 资金和仓位, only use the funds you can afford to losing and small positions. 3x etfs (these 4 pairs) aren't for everyone. If it is possible, please try 1x instead. Just 1-2 bad trades will kill you. You may ask why I do 3x etfs. It is because I have many years' trading experiences and I've seen all kind of situations in the stock market.
Thank you for being here. I may need open another post in lunch time update. So, good luck and I'll be here until the market closed.