SCC

[AussieTrader]

Profile:

The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Consumer Services index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified

Trade Idea:

The plan here is to watch SCC with a view that if the market / economy continues into on-going recessionary ways, then discretionary consumer spending will be pulled in big time and for an extended period. The ETF SCC is inversley based on the Consumer Services index which contains many companies that fall into discretionary consumer spending, so it can be a great proxy`for a broad position taking advantage of weak consumer confidence.

No trading plan yet, SCC is on watch.

Trade Plan:

On Watch

[la-onda]

why we haven`t entered a position?

[eggman11]

why we haven`t entered a position?

Good Question,

Why have we not entered any position in anything? Have we been abandoned? There has been lots of opportunity with high volatility, but messages from our leaders.