Not a great week for equities. It will take a little research time to search through this weeks carnage to see where buying opportunities might exist, but I suspect there are some out there.
CCI did successfully execute a leveraged, hedge trade today . (i.e. day traded the double short financials ETF, (SKF)). Skimmed a modest 1.2% profit out of the SKFs 3.3% gain for the day. Of course its range for the full day was a kind of an amazing 10% ($72.51 to $80.23).
The gain on this trade only puts a very small dent in the drops of the week, but every little bit to minimize downside helps. This pushes CCI record on trading double short ETFs to 6-0-4.
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