{"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":"

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’ve purchased 100 shares of ProFunds UltraPro short Russell 2000 (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&P 500 fund (SDS<\/a>).<\/p>\n

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’s fire sale, I will put more into the inverses, shorting Real Estate (SRS<\/a>) and finally the Dow30 (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":"

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 … Continue reading Inverse Indexes<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"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"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t