Okay I admit it. I have no idea of what is going on in the market. My best guess is that we are in a weird topping pattern in a slow week and am reminded of the phrase “Never short a dull market”. I added to my TZA, at the high yesterday, and if we spike again today then I’ll add some more.
Looking at gold I am reminded of the original black Friday (Sep 24 1869) and am thinking of shorting gold this friday.