Not since 2009 have I purchased an Inverse Exchange Traded fund but with this absurd volatility I see the opportunity for a trade in the SDS at $24.71.
We may have been up 500 points in the afternoon but nothing is resolved and the Presidents press conference was as politically biased as ever, not what we need. I still think this is part of the bottoming process assuming a bottom is in place which is in doubt.
Long SDS
Brad