Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (14 issues)
Up 0.69%, tripling the S&P's 0.13% gain. RSI 45.5 is neutral, but implied volatility is elevated into tonight's Fed decision and the carrying cost of leverage is high — sidelines
Down 3.6% — 3x S&P, cut leverage into event week
The 3x S&P rode the rebound +2.5%; with FOMC next week and tariffs expiring Friday, carry light leverage through the events
Down 3.18% to $139.05 — even a mild S&P dip bleeds under a 3x lens; halving leverage before an FOMC week is common sense, not cowardice
Down 1.6% to $143.61 — routine 3x decay on a quiet index day
Up 1.1% to $145.87 — 3x leverage near S&P records rises easy and falls faster
Down 2.4% to $142.73 — 3x S&P into CPI eve makes leverage a liability
Up 1.2% as the S&P hugged records; a trending tape is friendly terrain for the 3x long
Up 2.5% as the 3x S&P neared the highs; leverage sails on trend days and bleeds on flat ones
Down 1.0% as the 3x S&P retested the 20-day; no direction, no leverage
Structurally identical to SPXL — pick one
Structurally identical 3x S&P to SPXL — pick one
3x S&P flat above its 20-day; with index vol fading, decay is at its mildest
S&P trend steady; disciplined play is longs at the 50-day ($138) retest with a hard stop