The Beginning of The End

As 2013 came to a close and 2014 appeared on the horizon, I began to become more and more pessimistic about the stock market i.e. the S&P 500. After several failed attempts to express a short opinion of it, and many lost thousands of dollars later, I relented.

This leads me to this past weeks market price action and an opportunity in our new possible friend SPXS, a triple leveraged inverse SPY etf (triple leveraged = not for the faint of heart)

A picture for your consideration

regards

2 year SPXS chart (notice the new breakout at arrow)