Markets Round-up
October is over and we are down to the last 2 months of the calendar year. The S&P 500 was up +6.9% in October. The Dow Jones was up +5.8% and the NASDAQ finally catching up to return +7.3%. On the crypto side Bitcoin was up +28.62% and Ethereum was up +31.30%. Seems like everyone was happy except the shorts of course.
I am long SPXL which is the 3x leverage of S&P 500 by Direxion. The SPXL is up +21% over 1 month which is expected based on the S&P 500 trend.
I am long FNGU and BULZ which are 3x leverage of the “Big Tech” by MicroSectors. The FNGU is up +32% and the BULZ is up +25% over 1 month. Both are still trending bullish and I will hold until the trend reverses.
I am long TQQQ which is 3x leverage of the NASDAQ 100 or QQQ. The TQQQ is up +24% over 1 month. The trend is bullish and I will hold until the trend reverses.
I am long TNA which is the 3x leverage of the Russell 2000 by Direxion. The Russell 2000 is trending bullish but has been choppy. The TNA has returned +12% over 1 month which is significantly lower than the other markets. I will hold for now.