ETF CORNER

SDS : Stopped out at $43.

Bought SDS @ $45.14 . Stop Loss $43

My wild guess is that the markets will tumble after the FOMC meeting. I have set up all my stops just in case it goes the other way (go figure why).

SPY : Time to buy SDS ?

With the S&P 500 showing extreme overbought conditions, i believe that buying some SDS(Double short SPY) right here would make sense ! I would use the $96 level on the SPY to book profits on SDS. (This is only a short term trade).

Sold SDS @ $48.8

Took the profit for today ! :)