No your not. Japan economy sinks further, Opec meeting ends with pointed fingers and dropping oil, rate hike two weeks away and come Friday - Yellen says "I Warned YOU".
Venezula dumping gold right and left and Brazil, Portugal, will follow. Emerging markets are going down, down, down and only way to hold off "DOOMS Day" is to dump gold on world markets. TIMBER
and no volume in pre market. Which means no one is buying Nugt (long) as investors move in and buy "DUST" on the cheap. Question now is does Nugt fall faster then Dust rises. It will be close.
In who's opinion - 80% of the Fed Board Dude. Google it and realize a stock market that was betting on a December rate hike is now looking at one coming in two, three weeks. Enjoy your last "green" day here today, because next week the market turns South and runs as fast as possibly from Yellen's June Rate Hike Knife.
Sentiment: Strong Sell
Better yet - Shot ERT and XLY since Retail is going the way of the Dodo bird for all of 2016 and possibly 2017.
All it will take is some economic report to come in a little stronger then expected and the market will Dive Bomb since Yellen has said she is "Data Dependent" as in stronger U.S. economy - rate hike June, Sept. and end of year. Watch out Fed Lovers cause you might get bit in the behind.
as she stands up and tells the world "I'm losing dove feathers left and right" before the upcoming June Rate Hike. My gosh - could we see the Fed Chairwomen naked come mid June? What a Scary Thought.
The Fed is one messed up group and they are toying with the market and investors. Yellen says the Fed is "data driven" thus the likelihood no rate hike in June due to slowing U.S. economy, cratering China economy and Europe in a major "funk". But now you have several Fed board members saying a June rate hike is "LIVE" come June as if everything inside and outside the U.S. (economy wise) is running perfectly and dictates a ratre hike in 30 days or less.
Then as we all know Yellen is the Dove of all Doves so she lets her fellow board members talk about pending rate hikes in the near future only to come out this week or before June decision with more "concerning news about fragile world economies". I really think all these Fed speeches are totally worthless since Yellen is the big spoon that stirs the pot.
In any case today's market mover higher is totally uncalled for if we are in fact staring at a rate hike in mid-June or even August. Oh and should I mention that we are getting closer and closer the the Hillary - Trump train wreck. What's up is down and vice versa.
Market is "Spooked" dude. We're now seeing 200 point swings up and down which means "Volatility" is Back. And you certainly don't want to be long Spy as ever get close and close to "The CORRECTION".
and then bend over and give Free Euros to Spain, Italy, Portugal, Iceland, etc. IMF wants "Free Euros" for half of Europe and Germany starts to sink into the Baltic Sea.
Totally agree and with SQQ, SPXU and SPXS you don't get the wild swings (to the downside) like some crazy ETF's. So you can buy these suckers cheap today and ride them higher (long term) as the market finally realizes "The GAME IS OVER".
and you know Carl I. is along with every other Major Hedge Fund Owner. Its officially "CORRECTION TIME" Baby.
Nigeria (July), Canada (Oh Canada) Maybe August and last but not least China (For a September Surprise).
and if that isn't a "Big Bribe" what is??? Market sells off today know Crooked Hillary is as Crooked as ever while Crazy Donald can't wait for Nuclear Weapons "Fire" code. So aren't you all excited about the Up Coming November Election? Well I can tell you the Market is not and will soon drop like a lead ballon as we get closer to November.
Truly no one really knows the direction of Nugt beyond a day or two. And when you think you bought at the "right time" you find out the next day or after pre hours that your position was wrong. When you see an etf swing $5 - $10 every day its wise to stay away unless you like to give Brokers lots of commissions fees.
and Prosper. China economic crash coming
After a near-disastrous start to the year and a one-month recovery in March, the Chinese economy looks like it’s now headed in the wrong direction again. The first indications from April show the country was unable to sustain upward momentum. Even before the first dreadful numbers for last month were released, Anne Stevenson-Yang of J Capital Research termed the uptick the “Dead Panda Bounce.” The economy is essentially moribund as there is not much that can stop the ongoing slide. A contraction is certain, and a severe adjustment downward—in common parlance, a crash—looks likely.
which way does Tvix go? Up or down. Really Tvix is so beaten down by the Fed that one has to wonder if the market corrected a thousand points yet the Fed kept smiling and said "no rate hikes" Tvix might continue to fall. I no longer hold out any home the Fed will raise rates until late this year but I do think we could see a very size able market correction sometime in May/June. Even if you timed that (possible) sell off perfectly I really wonder now if Tvix would jump that much, with the Fed on the sidelines.
Maybe as short cover while losing fingers and toes. But the better news (for longs) is we should easily open over $100 tomorrow as Gold retest the $1,300 ounce level. If we break that level this week and hold over it - well Nugt will fly way, way higher.
and as we all know right now Russia and all of OPEC has increased their oil production levels thus putting odds of full world wide oil storage capacity glut by early Summer. YIKES
Boy this should be good for an Oil sell off today, especially since 90% of Ft. McMurray is untouched as oil workers come home and bring Canada oil online.