Easy come easy go! These builders are taking a beating! Jmo
@ the open UVXY shot down to 8.25,then the S&P dropped, and UVXY pooped,a quick 37 cent gain on a 1K shares. the market is at all time highs and UVXY @ all time lows, good risk reward. UVXY is still a day trading product,always was, always will be! For day traders , be glued to your screen,watch for a pull back in the S&P and a quick pop in the UVXY,either thursday/friday /monday, you will get 1-3 decent trades. be patient, have stops, and pray. Do not hold over night , too risky, but again, the Volume is drying up , today XLF traded 24M shares!That XLF volume was lowest since Dec,24,2012, christmas eve? what does that tell you? only people in this market right now are the HFT's. so keep you eye;s and ears ready,pick your spot,remember tuesday, a very nice trade, people who are patient with UVXY, meaning keep it on your radar,you may just trade it 1-2times a week, you can do very well with UVXY, providing you wait for the right spot, jmo,and remember , do not hold UVXY over night,too risky!jmo
psps, UVXY is a interday trading product only, do not hold over night 80% of the time UVXY will drop next day! some days its best not to even try to trade UVXY, if the market isn't moving, just melting up/down, not enough momentum is happening, thats when the algo's grind away your $$$$. how do you know? watch for a nice igniting candle,and remember better to come out with a profit, then to see a profit turn into a loss, always book profits, don't turn a winning trade into a losing trade! jmo
hey fid,when S&P is at all time highs, and UVXY hits all time lows the risk reward just isn't there! what happened today is what UVXY does,every 4-8 weeks, UVXY is a volcano, as far as tommorow? Green,UVXY? down, i see choppy trading for the next weeks or so, sequester #$%$,europe, up/down jmo and g/l.!
i think JOY beat on earnings but also missed on REVS, seems buisness is still a little slow!jmo
$8.04 TO $8.86? ALMOST A 10% POP, the key is to book profits and UVXY can/will make you big money$$$ on certain days! Don't hold over night,interday trades only! JMO and G/L.
hey baked, once in a blue moon, i'll trade UVXY, as far as being long? if you consider holding for 15-60 minutes, tops, being long, well maybe 2-4 times a month tops, i'm long, but holding UVXY over night? NFW, would never ever ever hold UVXY over night, or more than a hour or so,unles the S&P has a all day deep red dump, any way, have a great day, i like a lot of your calls, thanks!
i couldn't believe how this came back after touching low 35's! thanks!
what ever! Grece has a GDP of about $281B greece population= about 11M
any time you can book a profit with ANR please do so! same thing happened to ACI, remember if you don't book profits, the HFT's will! jmo and g/l
btu is getteng beat up also,imo this is going to be a topsy tervy year for coal w/o either a b/o or china kicking butt, i expect 1 BK by july 4 in coal sector, PS it won't be ANR!jmo
hey MAW, the stock price is saying it all!