What a pathetic little miner.Gold and Silver up big, over $30 an ounce earlier, yet MUX is up a whole 5 cents. Watch the days Gold was down 5 bucks and MUX was down 15 cents. These miners are pathetic. $1300+ for years now and MUX went from $10 bucks in a bull market to $2.75-$3.00 and they DO NOT even pay a dividend. When is this going to start paying off?
VIX should be over 20, yet nothing is being taken seriously. It was up $1.25 pre-market, then a couple trades brought that to 75 cents. Before the close it may be up 50 cents. If this blows over, we will be back in the 7's real fast.
This morning was a lot of maneuvering and house cleaning. Only the strong survive. VLO bounced off key resistance levels, yet until we obtain more information, $60 plus may have to wait until later in the week.
It is way overbought, yet big money continues to buy more and you know why?...Its on "The List". If you are on the list to go up you go up, and if you are on the list to go down you will go down. PCLN is still on the "BUY" list and AAPL is now on the sell list. Fundamentals have absolutely nothing to do with it. If it did, PCLN would be trading around $700.
I tried to tell you to sell this morning when it was up $1.25. You will lean how to trade TVIX. You made your 1st mistake this morning by not getting out. US is not going to get involved with the Ukriane issue. We cannot afford it...PERIOD!!!
Buying at $6.80 was ok, but if you think its going to $10 you will have to wait a long time, if ever. It will take more then a Russia/Ukraine issue for TVIX to go to $10. There is a better chance it becomes insolvent before it make it to $10.