Were You Prepared for the Recent Market Sell-Off?
by Mike Paulenoff
October 16, 2018 • 12:00 AM EDT
If your answer was no, you were not alone.
But members of MPTrader were prepared!
Mike Paulenoff, host of MPTrader.com's live Trading Room, had model portfolio positions in the Direxion Daily S&P 500 Bear 3X ETF (SPXS), the ProShares UltraShort 20+ Year Treasury (TBT) and the Direxion Daily Gold Miners Bull 3X ETF (NUGT) ahead of last week's seismic market moves!
The SPXS gained 17% at its high last week over the previous week's close, and +15% from where Mike added it in early September. The TBT gained 8% from when Mike added it September, and NUGT rose 22% in the week since Mike added to the position on October 10.
MPTrader features Mike Paulenoff's macro and chart analysis of key indices and sectors, along with trade set-ups.
He'll play both leveraged ETFs and key bellwether stocks to capitalize on an anticipated sector move.
Last week he added FireEye, Inc. (FEYE) at 15.80, bullish on cyber security, which is already up 10%.
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Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts
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