It’s rally time thanks to a coordinated global effort to inject liquidity directly into banks, and no matter whether you think it has legs or is just the latest upside fake-out, it makes for a profitable trade.
I suggest as a trading vehicle, as I have for some time, the leveraged index ETFs. If you buy one this morning, such as Proshares Ultra Financial (UYG), set a stop once it rises to protect against another plunge.
That’s the whole formula, as it has been for the last five weeks.
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