I think UVXY goes to 12-15 ish before markets settle down.
Markets been toppy for 6 mths but couldn't correct, they can and will correct as May approaches.
That is the only thing that i am in.
First time i have thought this way and have been saying that we would see a blow off top this spring.
This is simply how the markets work and IMO we have a difficult summer ahead especially for high beta stocks.
Not trading much anyway but a very painful 10% market correction is way past due and this summer it should come.
For SODA and possibly the overall markets.
Could easily be wrong but May is approaching and that is never a good mth.
SODA could suprise the rest of the week and keep moving up.
Seems lots haven't trusted the moves higher and trimmed so there might not be many sellers left.
Will be interesting day or two for sure.\
I was expecting them to buy SODA as they were selling GMCR.
We should get a pop on Monday and Tuesday but it doesnt look like it can reach the 53 level as the buying is pretty weak with not enough volume.
SODA is one of the most difficult stocks to trade in the market as most battle ground stocks are but with SODA you have the added frustration of the almost the entire float being held by a small group of funds so even if they wanted to get in other funds cannot.
I know it is going higher next winter but history says it does nothing the next 6 mths.
Too hard to make money over the summer and i don't really enjoy shorting so I am taking a breather till the historically strong season of Next winter.
I hope SODA can go higher but it looks like a repeat of last summers performance is what is going to happen and to be honest i have never made any money during the summer and fall by trading stocks.
Good Luck everyone and i will be ready for a great run from SODA starting next November........