This one is 30% of my portfolio.
I love it when I'm right. The move was straight from $181 to $193.00.
I took my profits at the close today and flipped it to short.
VIX Can easily fall another couple of points by Friday. Catalyst will be dovish FED meeting minutes.
That would imply another 18% drop for UVXY from $46.20 level.
Another positive day and this will dive huge.
Most Gold Miners are going for the easy gold right now. So production might be up, however going forward it becomes more difficult to get the gold out of the ground with prices not really recovering that much. Also capex was ignored for the past year and a half. Going forward there will be a lot more repairs on the machinery.
All the while the risks of expropriation or increased royalties are going up due to struggle of countries where the mines are located.
Connecting individuals and companies across the globe. Your Salesforce could be optimized and more effective and LNKD has the information.
13% rise in Retail sales trumps trade.
Internal economy is going strong since oil is cheap. Translates into extra demand at home. Eventually exports will rebound as destocking meets restocking cycle.
There will be some folks trapped in NUGT this holiday. We touched the top of the channel, now it will touch the bottom and that is about $14 for NUGT.
My condolences on being trapped. China reported news about 30 hours ago. It's not China, it's Japan and ECB. They will print like hell.
Also, China reported 13% rise in retail sales.
That's exactly why they had to talk it up and trap the shorts and kill gold. Japan has done this for 35 years. ECB and FED can go for 27 more.
Crazy that I got only 3 thumbs up and 12 thumbs down for the idea I wrote on Saturday.
That just tells me there are 4x of shorts that will be trapped for the open tomorrow.
Afterhours on Friday. This fund will send you to the poorhouse.
No but I know that German Bankers did panic and ordered Draghi to act. He does speak on Monday and I expect Europe to bounce strong and Japan to be up as well due to US rally.
Futures will be up huge due to Draghi, month end Expiration and US shorts being trapped due to the holiday. Shortened week will bring panic covering.
Draghi will drop Euro and it will translate into USD strength. Added liquidity promises drop VIX. Market rallies and gold drops since crisis is averted.
You'll see next week.
Also, BOJ will lower Yen. This will bring back Carry Trades so we may actually see $195 next week on panic short covering.
Shorts are now complacent.
It is also trading just shy of 52 week high. That wouldn't give me too much confidence at these levels.
we'll see UVXY back to $35 in a flash.
This fund is dangerous on the pullbacks. It can also spike to the sky but the decay happens on the pullback.
Thanks - Barron's is known to be a Monday morning quarterback. This means we are going to experience an oversold bounce. Sales increase of 35% is tremendous. Stock dilution is not an actual cash compensation.
LNKD is $10BIL co. and we know what kind of valuations were given just for apps like Instagram and Whatsapp.