hey nija, a guy on bloomberg said selling at these levels are irresponsable! i almost fell of my chair and ROFLMAO! the last time we were at these levels,i remember the guys saying apple was going to 1000$ a share! unreal, there pulling all the saps into the trap, and man, they will pull the plug! this is a joke, i've seen this movie before. you're dealing with extemely low volume, i figure the pull back happens either friday or monday! IMHO. PS, i think UVXY is a POS, scamming take steal your money ETF, having said that, there are days it will pop 10%, for all i know, the HFT's are stepping on the gas in a few select stocks, like apple and IBM, to juice the S&P higher, which drives down volatility, which lowers UVXY, scares people out, and zingo, put on the breaks! this market is a good example why you trade UVXY daily, if inclined to do so, and don't hold UVXY, too long. JMO. and G-L.
We still finished above the recent low, though the failure to achieve a bit of follow thru today was disappointing. I am sitting tight with my recent entry and dry powder ready. The ME war-pot continues to simmer near boiling.