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.
and everyone thought Fr. McMurray was leveled. This is great news as oil workers move back home as oil production come back on line this week.
Gee - and everyone said Ft. McMurray was gone and now 90% untouched. That's good news since oil workers have homes to go back to as oil sells off this week.
or in simple English - Short China because all the Chinese Government can do is throw Yuan's to the wind and hope they land on their new Sand Castle in the middle of the China Sea. China Implodes now through the rest of the year. BOOM
and guess what direction oil goes when news comes that the Ft. McMurray wildfire is slowly fading. DOWN
and all it takes is news that the tide is turning on the Ft. McMurray fire and oil falls through the floor. And let us not forget Saudi Arabia, Russia and Iran now increasing oil production for the rest of the year.
Makes no sense to me, especially when Chinese Government lie, cheat and fabricate economic numbers month after month after month. I still think Asian markets will open and close RED, yet Bloomberg reporting stability within China economy when ever other talking head and website is saying China Economy Ready to Implode. I'm not buying the HYPE but we will see what mother market does tomorrow.