(02-25-2021, 08:10 PM)fenders53 Wrote:(02-25-2021, 06:17 PM)NilesMike Wrote: Waiting for VIX3M to exceed VIX6M, then will buy TYDSounds interesting Mike. Care to share a few sentences about the entry exit plan? This is a 3X leveraged bond fund VBIN so we have to read the owners manual carefully to play.
Entry is when 3M closes > 6M (backwardation). Buy TYD at the next open.
Exit is 25% gain in TYD, might miss the max but a good trade nonetheless.
When back in contango 6M>3M buy UPRO at the next open.
(for swing trades, I like to base them on VIX term structure, long term is DGI and day trades are ES at inflection points {hi/low of prior days-significant swing points} )