I just finished a new short video on an ETF that's looking very interesting. The video runs a little over two minutes and gets right to the meat and potatoes of this market.
This particular ETF is leveraged and trades almost 2,000,000 shares a day, so it is nice and liquid. What makes this ETF so interesting, is that it plays such a big part on the financial world stage.
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All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
Hey looks like Adam was right. Market at 1066. It's not going to 1120. I'm a bear.
Hi Adam
Did you ever mention to your followers that you are a BEAR? I think you should,so that they can analyze your videos with pinch of salt.
Shouldn't you have taken the bottom of FIB at 16.82 which makes the 62% retracement at 20.47? Today EUO is -70 implying risk trade is on and S&P is going up at least till 1120 / 1130?
FMM,
Thank you for your feedback.
Providing that the monthly trade triangle is red that I am bearish longer-term. If a monthly trade trying out is green then my bias would be on the long side of the market. I think this coming week should be a very interesting one for all markets particularly as to how we are closing this Friday.
All the best,
Adam