I consistently use the Heiken Ashi charts to better visualize the trends in high leverage ETF's because these charts filter out a lot of the day to day noise and they provides a nice snapshot of the peaks and valleys which are key trading points to time you entry and exits.

The above chart illustrates the trend reversal that is happening after the FOMC raised rates last Wednesday. In the next day or so, my trading model will trigger a buy signal for JDST, and as a result, I have opened a modest long position in JDST using July Calls, with five weeks till expiration.

Last Wednesday was the biggest volume day in JDST history, and the big players were buying.

Keep an eye on the COT Reports coming out later today.
ملاحظة
July 7th - Panic selling in the junior miners has begun today. Gold bugs will be trying to buy the dips for the next week. Miners should continue to fall for a week or so until dip buyers finally capitulate around OpEx on July 21st.

The next FOMC meeting on July 26th could be the turning point.

Holding my JDST Calls until then.

إخلاء المسؤولية