The XIV is getting very close to the point of failure. imo.Tuesday ( barring any weekend catastrophe) should be another up day. After that the picture becomes muddy. And, any substantial rise in the markets should be met with extreme caution.
Mark, I've stated before that I like NUGT at 55. Waiting for it again. Should get there as metals are coming under tremendous selling pressure. I expected a good run this week for the market as a whole. But the more it goes up, the more precarious it becomes in my book.
When no one wants to own an issue.............isn't that when Buffett has said to buy it?
With these up so nice this week it really bothers me that so many stocks are not reflecting the move up. I don't know, maybe it's the new 'Common Core' math at work here. I couldn't pass 4th grade math with what I know.
Kee, looking at this...................I'd say the charts are telling me the worst is over now. Which means a buy should be put in on it. Not that I think it'll rocket. But another buck up is quite possible in the next 30 days. And that would be a pretty good pop.
all rock'n up. Metals getting shot up and expect them to fall further. Oil, if it breaks below 47 it can go back to 43 pretty easily. Can't see any real reason for it to climb much more ( so that means it probably will, lol). Housing, home builders are sitting on a 'ton' of cheap land and could possibly sustain some rate hikes while eeking out a profit. Dollar looks to be ready to weaken some now. The 'too big to fail' banks are probably two or three times 'bigger' now than before the 2008 year. Why they don't sell for three times more than they do now surprises me. But the reality is that after 9/11 the market became a machine and the traders were fired out of existence. So now the all mighty government determines the ups and downs. We live in an alga-rhythm world now.
Div, kind of rubbing it in on the guy, aren't you? Thing is, we are seeing a top being formed. Whether it can break out to the upside is still to be determined. These issues are still in play over the next 3 weeks. After that a person should just wait it out until close to August when the market likes to tank.
Biggest 'problem' with market today is how it's run by machines. 'Truth' and 'reality' have been taken out of it. Those behind the scenes won't allow any big ups or downs and will just shut the whole show down if it does, or starts to. Meanwhile, they rape the average investor penny by penny trading huge amounts of stock multiple times a day. They 'sell' it to us as stability, and safety. But in reality they're skimming off the top.
Div, the 'hard' trade is usually the right trade. As it goes against the herd. Check out the total volume being traded on some of the indices. Low, very low. And low volume is not indicative of a rising market. Again, look at a chart of XIV and VXX. Look at the distance these two have experienced over history. I'm sure you don't expect them to never close and cross again, right? Distance between the two and the time factor involved for them to accomplish it are just about ripe.
As of the 21st I had the XIV topping out at 32 to 33. The VXX today dropped below 14, which I believe was a buy point. Although at this juncture I'm sitting out of the way of this freight train market for the most part. Took my profits yesterday and the open this morning. Just playing it safe.
Not a single call on SFL alone. Whole market. At this point, it's all about the charts, and my gut feeling. Just started really diving into charts and history of dollar and there are some signs there that suggest the long anticipated 'crash' came and went already. We live in the Matrix these days.
Bob, not a hit piece on ARCC. Simply pointing out what occurs many times when deals happen. Keep in mind though that when operating within a sector I've seen where even good companies have to run afoul of the rules to keep up with others in the sector who are cheating and lying to gain advantage. There are no 'Polly Anna's' when it comes to big business.
Mark, absolutely right. Also, buying up another company also allows the buyer to 'hide' underlying financial problems within the company. Shuffling debts and other negatives between entities.