These babies are going higher today even with the market up 80 points. Just think how high both will fly tomorrow when we find out only 110,000 jobs were created and the "nasty winter" excuse no longer flies.
Thinking Spy at $185 after unemployment report tomorrow and under $180 next Monday. Throw in more unrest in Ukraine over weekend and we could even see $175 sometime next week. Very, very risky here, don't you think boys.
Fed sworn to taper now, month in month out. Putin sworn to take over every country within 100 miles of its expanding boarders. China - Japan just a fortune cookie away from all out war and you think Spy is a good "long" play? HA
Come April, May Spy could be trading under $100 a share and falling fast.
So now the only question is does a stock market correction of 10% to 15% start this coming week or sometime in March. My assumption is by Wednesday or Thursday the Dow could be down 10% with no sell off bottom in sight.
Oh well, I guess Ukraine - Russia cold war, worst winter in century that won't end and Fed locked into tapering is not considered volatility. Of course Monday we find out different when Tvix jumps over $9 a share. Question is does it keep going up this week, flat line or sell off?
howboutdat - could move. Its obvious the trend for this stock is up and this recent move is pretty much happening on "no news". That tells me Zynga could really rocket higher if the company has a good presentation on March 3rd, or come out with a new game sometime this year. Investors seem to think Zynga will over take King (sometime next year) as the leader in online games and when that happens I don't think Zynga will give up the title.
Now how do you think this news will impact morale at Facebook? Word on the street is half of FB employees are looking for new job since Zuck just broke the bank.
and the answer is - YEP - 19 Billion dollars thrown too the wind and now the Stock Market Correction starts sooner then you think.
Yes you read that right. Uvxy loves bad financial news so much it sells off on slowing China economy. Uvxy sells off on Walmart miss and Facebook foolish 16 billion dollar purchase. He but it get better. Uvxy sells off on Ukraine war entering civil war stage. Uvxy sells off as Venezuela implodes and China ramps up its navy to attack Japan. Yep - the more bad news across the board will always push Uvxy lower. That why they say this ETF react to volatility. Any time there is volatility short term or long term Uvxy sells off. Back to pre split lows tomorrow.
Like vxx but Uvxy is the real mover when the market sells off. And it will sell of BIG tomorrow on Walmart miss.
You got it. No one going out and buying things. Everyone staying home, shoveling snow and #$%$. Stores with frozen parking lots and snow banks with no customers. Home builder not building homes because everything under snow. Airlines not flying passengers because airports shutdown. Etc. And Yellen has to continue to taper play or look like a 80 pound dove who runs for cover at the first sign of a U.S. slow down. Fed is out of bullets but we all know mother nature could throw a few more snow storms at us in March and April.
as the Fed tells the world "We're Now in Full Taper Mode". Question now is how fast will hedge funds, big investors, mutual funds and countries around the world start dumping their gold holdings as the fed continues to taper short term and long term, until all the easy money is gone?
Gld could be under $116 a share by Friday if Yellen come out this morning and says "taper continues" on her shift. Market thought this meek, senior citizen would back on on tapering, but we now find out she will continue to taper into the sunset. Thinking GLD is about to take a major haircut. Be very careful gold bugs.
Don't fight the fed guys. Its gold going down as the fed says "taper well into 2014" until all QE goes bye-bye.
AH trading is pure manipulation. Don't sweat it. We open $430 plus tomorrow and see where she goes.