Back here trading this name again. Will be holding this position for maybe a few weeks because I feel that there will be a rebound in the upcoming few weeks. Definitely, the market has been seriously oversold for the past month and I feel that this rebound will be a strong one as compared to previous rebounds. This month also marks the earnings released so definitely it will be more volatile. However, we can see that Netflix earnings has been consensus so probably this may mark the start of the rebound.
Another index you can look into is UVXY which shows the volatility. I am looking at key levels around 11.5 to 11.2. Once it breaks that level I will add in more long positions. Definitely, I may also be looking in at $Semiconductor Bull 3X Shares(SOXL)$possibly because semiconductors are beaten down the worst in the previous drop. But the only position I have now is$Nasdaq100 Bull 3X ETF(TQQQ)$
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