Russia, which according to witnesses launched fresh strikes on Friday, says it is targeting Islamic State.
A senior Russian official says strikes could last for three to four months. Throw in the Fed rate hike Fiasco and you have the "GREEN" light to go long Nugt for the rest of the year, if not longer.
Please make sure your "kids" turn their heads when Jack Ma reports Missed Numbers. Its going to be very, very Ugly and not for the faint hearted. Much less those invested long in Baba who could lose everything.
and my guess is this will all happen shortly after upcoming quarterly earnings report. Get ready for Alibaba CEO to enter the Guinness World Records for largest Head Size to shrink to Smallest Head size. Its going to make this Halloween very, very scary for Alibaba longs. Chop-Chop.
for Tvix this week and maybe Uvxy the following week. Why - cause market is drinking the kool-aid punch that says no rate hike this year. October is out and Yellen will find some bogus excuse to pass on December. Can't win playing these "short" ETF's when Yellen will never ever push the "Rate Hike Button". To think Tvix could drop to $5.30 when it was just $19 plus is crazy but it sure looks like it could happen. It will probably take longer for Uvxy to test 52 week low of $24 but when this moves down - we all know it moves down fast. Not sure at this point what will cause a mini-correction or a major correction since the Fed won't budge and all other world events seem to be second hand news. All in all Market trades sideways to up while Uvxy sells off into the sunset.
I think both JD and BABA have a lot further to drop but when the dust settles which of the two Chinese (internet) companies will surprise on the up side and move higher. Investors like to classify JD and Amazon and BABA as Ebay but I'm not sure that really fits. BABA has a lot more going for it then just selling Ebay stuff on China's interent. On the other hand it appears JD has superior Senior management and more streamlined for a turnaround - when that happens next year.
JD all time high $38 a share (not that high) when BABA hit $120 a few months ago. So anyone care to speculate which of these two (Lemons) might turn sweater next year???
Ignore all the talk that the only two options facing the Federal Reserve this week are hiking interest rates and standing pat. The U.S. central bank, given the current environment, should actually think about easing, said Jan Hatzius, chief economist at Goldman Sachs. Upside potential HUGE if Fed sits on hands Thursday and does not raise rates.
with new buyers coming in to ride the POP higher this week, this Thursday, this year. Bet reverse split gets pushed off again as this puppy pushes for double digits by Friday.
and if you were one of the (losers) who got early (pre IPO above $60 a share) - you will sell come hand over fist come Stock Expiration Date. In fact anyone who got shares above $50 will be selling as fast as they can simply because China economy is in Major Meltdown Mode. The bubble is Bursting in China and insiders are sweating bricks knowing Baba might be under $50 a share by the end of next week.
what ever price you close at - if it is with a profit (long side) you have done very well - Grasshopper
knowing the the Chinese market has further to fall as the Chinese consumer gets crushed as all the "bulls panic" and head for the exit at the same time.
More like a bowl of counterfeit promises. And to make matters worse Jack Ma is now trying to do side deals with his (falling) stock options to prop up his falling legacy. Hard to imagine a CEO in the U.S. trying to swap 2 billion of his stock worth so he can buy another 150 million dollar home and another Chapter 11 Chinese company. Going to get really ugly as Baba workers leave in droves as stock goes from $63 to $43/
Man - that's the first time I've ever seen that. And it either tells me there is a ton of volatility under the carpet, And if not then Uvxy could dive bomb tomorrow on next week. Who knows which way this thing flips flops.
can't afford little red envelopes with money inside anymore, so better to hand out a warehouse of counterfeit watches to loyal employees who have been around for years working 80 hours a week for underwater stocks and cold rice lunches.
I know Scotty. Its because everyone knows China rate cut means nothing in the "big" picture. Market trend still way down as the Chinese get ready for "Chop Stick Correction" of the Century.
We're talking a "MAJOR' stock dump in three weeks or so, as insiders who have been holding the stock for months can finally sell and cut their losses. With Baba now in a free fall, big investors who bought in prior to IPO will sell everything as fast as they can - especially with the Chinese stock market crumbling. If you like Baba at $65 tomorrow you will love it after Sept. stock expiration at $40 a share. Down She Goes.
I know Scotty, so beam me up as fast as you can so I can buy Jnug, nugt and Gld on the cheap before they rocket higher, No rate hikes this year send Gold through the Enterprise roof.
So gold and gold miners should do very well over next several months as worldwide Volatility spikes while the Fed back off raising rates. When you see the down drop over 1000 points for one week you know Yellen is not going to do squat come September or December. She will back peddle and hold off any rate hike, as Gold climbs back over $1500 an ounce and Jnug pushes over $30 a share.
and come stock lock expiration date in Sept., BaBa investors wet their diapers, sell as fast as they can and watch stock trade, down, down, down. Now the only question is 'who changes your diapers when BaBa hits $30 a share"???
For a while, markets were confident the Fed would begin tightening monetary policy with an interest-rate hike in September.
On Wednesday, we got the minutes from the Federal Reserve's July meeting. The details put out a mixed assessment of the economic conditions necessary for the first rate hike in a decade. And now, after relative confidence that it could be next month, markets are getting more doubtful about the idea that the Fed will lift off at its next meeting. In fact odds now say there is only a 20% of a rate hike in September. Watch out "Shorts" cause the Fed will crush you again.