UVXY will spike to $46 - $47 once this happens. Gold is too high and I think Yellen says something about hikes to lower it. This will bring the market down as well. They are on the weak legs.
So we'll have a reversal of last week's reversal.
And this is in the food and consumer discretionary. This was the strongest group.
Market will roll over in the next 3 days and UVXY goes up 25%.
Something has shifted in the market. Gold is up strongly and I don't think that FED likes that very much.
So as expected Fisher comes out today talking higher rates after Bernanke called for no hikes any time soon.
Next we'll hear from Bullard as well and the market which is already being hammered due to biotechs and extended in the last few days will drop pretty hard by the end of the week.
They should be buying back debt and refinance at a lower price.
After they refinance use savings and buy back stock. EPS would rise big time.
This is easy. You can buy a luxury RV for $35K (Used). Go to the most expensive place (Santa Barbara, CA). Work for $10K per month and live in your SUV. Hit the beach after work and commute with moped to RV.
Pretty good lifestyle on the cheap and you are making and saving a ton of money.
I'll take 2000 more come Monday.
I like pathetic since I can buy it on the cheap. Going forward pathetic will turn into sexy. At that time price will be 3x this price and potentially 10x if they really execute, refinance, purchase shares, lower costs more and oil price comes down even more.
Before they got into trouble, total valuation with debt was north of $6BIL. Now only $1BIL net of cash.
And the business is about to turn very profitable. This is a triple in making.
Made about $1100. But since I chickened out I missed on making $33,000 additional. It was a unique opportunity today.
Just imagine. This morning when UVXY was at $58.75, I bought $50 puts for $0.04.
They traded at $1.60 at the close. 40x return on your money in 6.5 hours.
$52 puts traded at $0.07. I bought 17 (wanted to buy a 100). Sold at $0.35.
Last trade was at $3.5. 50x return on the money.
Crazy. Wish I would have risked $2K and held.
Thank you very much. I just existed. $0.27 ($2700) from $400 investment.
Not too bad. I knew the market would go up today even when it was down 250 this morning.
I might be leaving some on the table, but nobody gets hurt taking a profit.
I knew market was going to turn green, but I think it may end up 200 points on the plus side. UVXY closes at $48.50
I don't need forever, I just need today.
Low rates are here to stay, market might rebound. VIX will get killed. There is no event in the next couple of months. This is why I gambled $400 (when UVXY was at $58).
Last night UVXY was trading at $50...If market turns green we are looking at $48 - $49 close. That will give me 25 - 30 x the money invested.
Or it will be $0
HSBC also calling for the bottom in China stocks. Yellen speaking as well.
I expect UVXY to be taken apart since the selloff is unlikely to follow through.
I think 2016 is the year of the selloff. Q4 will be a rebound - holiday time is usually up.
No reason to hold UVXY for the rest of the September and early October since the FED meeting will happen once UVXY divests of most of the current position. Therefore I expect contango to be here soon and will only hurt this ETF on a daily basis. FED will most likely be on hold for October so puts will be sold.
We also have China stabilized and Europe talking about increasing QE. All bad things for this ETF.
I'm holding a butterfly put spread for this Friday and will hedge it with 1/10th of ITM calls for the following week.
The guy is not relevant since he is not a voting member.
He pumped the market himself with his QE4 call last year, now he wants it down. He must be getting some side money to open his mouth and try to manipulate prices.
There you go folks The Oracle has spoken.