Even though this sector had a big sell-off in the past few days, I like some of the stocks within that industry. I picked up some shares of United States Steel X at $27.79 when the market was down big yesterday.
I'm at a bit of a crossroads on shorting the S&P 500 with SDS. I really wanted to sell yesterday when it was well over $100, but I stayed put with my shares. I really think the market will be lower, but don't want to get too greedy with profits during these tumultuous times. The G20 meeting is today, so we could see more extreme volatility especially heading into the weekend.
Don't forget options expiration is next week as well. Have a great weekend.
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