Illusional Delusion

What to Short When the Rally Dies

I played with FAZ and unfortunately got into the short side a bit too early. I am even at the moment and looking to go on some safe longs with my current shorts as hedges. I think the 1x ETFs are decent based on what I saw in the price movements. Unless you are doing swing trading, or a very convicted bull/bear, even for short term, I recommend you stay out of leveraged etfs. Well, if you have anything less than an iron stomach, stay away from levered etfs. 1x won't make you much money but at least you are hedged. There is too much intervention to know when the rally will start or end. For all you know, the magic carpet might appear or disappear right under your feet.