{"id":1575,"date":"2011-07-27T20:19:52","date_gmt":"2011-07-28T01:19:52","guid":{"rendered":"http:\/\/toddsingleton.net\/chronicle\/?p=1575"},"modified":"2011-07-27T20:30:16","modified_gmt":"2011-07-28T01:30:16","slug":"inverse-indexes","status":"publish","type":"post","link":"https:\/\/toddsingleton.net\/chronicle\/2011\/07\/27\/inverse-indexes\/","title":{"rendered":"Inverse Indexes"},"content":{"rendered":"<p>Two days ago I sold all my corporate stock positions for a 23% return earned during the previous sixty days.\u00a0 Based upon the current political situation surrounding the debt ceiling I began shorting the market on Monday, July 25th betting only against indexes using 2x and 3x inverse funds.\u00a0 I only trade in a cash account, no margins, only buying inverse options with settled funds just in case an 11th hour is deal is reached in Congress.\u00a0 So far I&#8217;ve purchased 100 shares of ProFunds UltraPro short Russell 2000 (<a href=\"http:\/\/www.google.com\/finance?q=SRTY\" target=\"_blank\">SRTY<\/a>).\u00a0 Looks to earn 300% of the inverse of the Russell 2000.\u00a0 My other initial inverse buy is 100 shares of the Proshares Ultrashort S&amp;P 500 fund (<a href=\"http:\/\/www.google.com\/finance?q=SDS\" target=\"_blank\">SDS<\/a>).<\/p>\n<p>Monday and Tuesday were flat market days with minor index losses.\u00a0 My gains hovered in the lower fifty dollar range each day.\u00a0 As a wrote in a comment on a CNN article: the first days will be a trickle, followed by a wave.\u00a0 August 1st will be a Tsunami.\u00a0 Sure enough, today picked up and I closed +$231.00.\u00a0 As the market decline accelerates, and my funds become settled from Monday morning&#8217;s fire sale, I will put more into the inverses, shorting Real Estate (<a href=\"http:\/\/www.google.com\/finance?q=SRS\" target=\"_blank\">SRS<\/a>) and finally the Dow30 (<a href=\"http:\/\/www.google.com\/finance?q=SDOW\" target=\"_blank\">SDOW<\/a>).\u00a0 Today I went up 8.5%.\u00a0 The next few days are going to be interesting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two days ago I sold all my corporate stock positions for a 23% return earned during the previous sixty days.\u00a0 Based upon the current political situation surrounding the debt ceiling I began shorting the market on Monday, July 25th betting only against indexes using 2x and 3x inverse funds.\u00a0 I only trade in a cash &hellip; <a href=\"https:\/\/toddsingleton.net\/chronicle\/2011\/07\/27\/inverse-indexes\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Inverse Indexes<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3,6,34],"tags":[],"class_list":["post-1575","post","type-post","status-publish","format-standard","hentry","category-general","category-money","category-politics","category-trades"],"_links":{"self":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts\/1575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/comments?post=1575"}],"version-history":[{"count":12,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts\/1575\/revisions"}],"predecessor-version":[{"id":1590,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts\/1575\/revisions\/1590"}],"wp:attachment":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/media?parent=1575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/categories?post=1575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/tags?post=1575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}