The bulls took control today and pushed the market to a new all time SPY close. Volume was not spectacular which does make the otherwise bullish move suspect.
My TZA position took a serious beating but is still alive, stops still in place, but not yet hit. If I do get stopped out, that will be fine, and I will pivot in the direction of adding to long positions that are in the portfolio. If the market reverses lower, rejecting today’s rally attempt, I will trim the longs and add to the TZA.
I intend to profit regardless of market direction.
This is going to be a week to remember.