It ok to be long, but it sure doesn't hurt to leverage a bit. When it does happen it may fall off a cliff. Everyone says that it will be smooth sailing after the correction...Will it?
Why not, the FED may be in the process of doing that as we speak...? It s not just the billionaire boys club that control this market. Anyone want to buy some bonds cheap?...I mean really cheap!!!
Davy boy...If you only knew what's coming. SPXU is a pretty #$%$ way to play short, but I like to warn the meek at heart that may visit our site at SPXU. I am not sure what you meant by you will never get your money back, but I did get a chuckle out of it. By the way, if you are a total SPY...what are you doing over here? Great fund along with XLB and XLE...for now! When it does turn I may not #$%$ as much, you may want to at least lighten your load on high side...I did.
I sold last Thursday, but back in at $23.21. I did lose a little on the last trade. Yahoo finance does not affect the price so I will say what I want. These ETN and ETF's are junk, but SPXU is due for a bounce. Just did not want to carry the other trade over the weekend. Glad I didn't. It did continue the drop today as expected, but some weird things are happening. One thing is the VIX is rising on a strong DOW and S&P day.
The most flip-flop message I believe I have ever read. It sounds like its designed to track the S&P 500 short term futures index on the VIX, but then says it does not represent the VIX. Would you want to go to the bank and while opening an account they tell you it is insured by FDIC insurance, then at the end it say well...maybe not. Am I reading it wrong or is that what it says???
The investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX. (I believe a part that needs to be added)? "VIX IS CONTROLLED AND WILL NEVER RISE ABOVE CONTACT PRICES ANY NEAR FUTURES OPTIONS EXPIRATION DATE. ANOTHER WORDS ITS A "LOCK" FOR ANYONE SHORTING TVIX.
Head and shoulders patterns are a joke in this market. Pump and dumpers love the left shoulder because it brings the most suckers to the edge of the cliff. In this market head and shoulders are something to watch, but if you depend on a move you may be very disappointed. I can show you an army of head and shoulders patterns where the left shoulder ended up in Antarctica.
Just look at most of the inverse funds and you tell me. For intense you can start here. Check what the funds main objective, look at its history, look at its metrics, and you will find one really quick!!!
Its depressing knowing just about anywhere else would have been a better investment. How many head and shoulders patterns without a break out can I take?
These drillers move up a little, yet they all seem to fall back to Earth on very little if any news. Someone is making money on these stocks. How many times has PKD been in this pattern. At least a gazillion...When are these drillers going to steadily move up? What ever happened to value investing?
That analyst information is just about useless. The more stocks are pumped the more they seem to be dumped. Does anyone have an analyst that has a strong and proven track record. I can almost prove that even some of the brokers are playing us, especially in the last couple of years. I have tracked two brokers with horrible track records in the stocks I held. One had 6 in a row that they pumped heavily and dropped like a rock at earnings. There seems to be no accountability anymore, and it appears like they could care less about what they are doing to the investor that counts on them as part of a investment decision.
The big boys must know there is no real money in this fund, so even a downturn would have to be disastrous to make a few bucks. I think CS has bail out money for the sellers. It sure explains why it moves the way it does. PS works really good when you can break the fund before any substantial move to the upside...Your risk to payout is relatively low, if you can control the VIX...right?
Dow down 40 points, S&P down 3 and VIX is up 21. Guess what's down...TVIX. You have to use real math for technical's to work.
Fund will be broke in a couple of months. No IM/HF would touch this garbage chart or no chart. As long as the big boys can control the VIX this fund is dead. The only time the VIX goes up is when they need to pay someone from this imaginary money pot, which appears to be a PS...TVIX is dead money.