You only praise uvxy if you short it. If you played it long you lost your wife, you home and your sanity. Oh and please tell me the last time uvxy did a major reverse for several days in a row or even a week. Ain't happened for two, three years now and counting. But keep posting since everyone here need encouragement as we enter single digits.
buy back in now - UWTI heading for $3,70 tomorrow - over $4 on Friday. And if any doubt check out the 52 week chart. UTWI still trading at record lows but set to double as oil climbs going forward.
since the market spiked (down) at the close. Uvxy is always 5 steps down and one weak step up. Lets see what tomorrow brings since market should continue to sell off in front of an oncoming Greece (default) train wreck. But will uvxy or tvix ever climb 10%, 15%, 20% like the golden old days. Seems those days are a distance past that might never ever occur again. What a Shame
if Putin pushes further into Ukraine, invades Baltic states, oil drops under $42 a gallon, civil unrest within Russia or Obama approves weapons to Ukraine army. I'm long Russ since I think things are going to get a lot worse for Russia going forward then vice versa.
As WSJ reports, Greek proposals for a revised bailout program don’t have enough detail - are "piecemeal and vague" - to satisfy the government’s international creditors, eurozone officials said. Furthermore, as Dow Jones reports, EU finance ministers are unlikely to meet again until mid-April (and in the meantime, Greece has to pay salaries, pensions, and most critically IMF debts due on April 9th).
You can smell the Greece Default coming a mile away - but tomorrow is when world markets sell off knowing that nothing will stop a Greek Default in mid-April.
You nip it in the bud with Greece and let them flat walk out. If you bail Greece out (again) you then bail out Portugal, Spain and Italy who will also want "Free Euros" just like Greece wants. If Greece leaves or gets kicked out it shows other European countries they either pay off their debts and stay in Euro or they go else where. Greece is now "History" within the Euro but I'm not sure world markets recognize that yet.
but bad news is we open at $318 tomorrow and close on Friday at $300. IBB going to fall faster and harder then it ever went up, so be prepared for massive downswings as everyone dumps Biotech shares before they fall 50% or more.
Going all in on the dark side since Spy could free fall for sometime. Lets see what "talking heads" say after hours but my gut tells me we could be at the start of a 10% to 15% correction. Its certainly time but we need to see a trend down for several days in a row, if not weeks.
and tomorrow Ali might follow. Sure looks like the "BEAR" is back now and looking for vengeance.
All world economies slowing down and 3/4 of the world pump free play money left and right, Problem is - its not helping anymore since Europe, China and Japan are all in the toilet. Europe in free fall with pending Greece default. China continues to hide crumbling economy behind phony numbers and Japan is Japan - 20 plus years of on going recession that will never end. Spy to $206 today or tomorrow.
which will bring USO to its knees. As in under $16 a share and falling hard. No where to store oil come May - June and then watch it nose dive to new record lows.
Its going to blow away the competition - Big Time.
Tough I think the market will tank after Yellen speaks today (this morning) Dow was down 80 points and Tvix was $2.02. Now Dow down 150 points and Tvix at $2.01. Now something is seriously broke here, or am I missing something.
No you don't get it. Come Wednesday after Yellen removes "certain wording" Tvix flies over $3 and doesn't look back. But let be a "man" about this and check back say around 2:30 p.m. on Wednesday and see whole is right and who is full of ?
So market opens green for a hour or two but then reality kicks in and the thought of Fed Action Wednesday - removing "Patient" and inserting June Rate Hike sends Spy Free Falling. Look Out Belooooooow.
Wish I could hold Tvix for a week or two, but that's now impossible. You play for the day and get out or watch your losses mount. 300, 400 point moves down in the market barely move Tvix now, yet any move higher will wipe out you long position in minutes, if not seconds. In the old days Tvix was a hold at $2 since investors would be shooting for $3 (in times of volatility) and ever $4 should Greece default or Russian invade all of Ukraine. Not now - Greece doesn't even register with Tvix and Russia already occupies 1/3 of Ukraine. Up coming Fed Rate Hike warning will probably move Tvix to $2.30 and then once the dust settles its back to $2.
So buy low - sell high really is impractical now since buy low means $2 in and sell high means $2.10 out - big deal. The days of big spikes up for this broken ETF are over and all we have left is little bounces up or down that do nothing other then make trading platforms right in commission fees. See you all at $2 Monday and then $2.10 on Tuesday - ZZZZZz.
Looks like last night selling was over done, especially so with the CEO coming out and saying there was an incorrect share count. Might be a good time to buy in at pre-market for the ride back up.
and when you start seeing the Dow sell off three days in a row - you know the gig is up and the long lost correction has finally started. Spy headed for sub $200 by Friday.
On the earnings call, CEO Aaron Levie mentioned that analysts used the wrong share count when predicting EPS. If they'd use the right number of shares, their estimates would have been a loss of $1.99 per share, which Box beat by $0.30. This is not supposed to happen when investors are making decisions on "bad numbers" that were actually "good numbers".