May be, but that $40+/- run would be the first ever for UVXY in a day, and when you didn't see that happen on a 1,000+ drop in the Dow and a spike in volatility to the highest on record the same day, I'd say you haven't even got a small shot at seeing that move.
Same, while it could run again on a good job number (what the Fed needs to rate hike), appears the number could be bad, ADP was good indicator. With this moving $3-$5 bucks every 10 minutes, I'm very happy with my $59 entry today and $72 exit ... seriously one of the best trades I've made in several months.
Today puts this well into wacko-banana-land, and sets us up for one hell of a fall.
For next week, will it be under $30 before or after lunch Tuesday?
Take your time, but provide your answer before the open, it's very possible the 1,000+ rally could happen by 9:31 ... live long and keep the illusion alive!
clearly it isn't.
that's a strong buy signal.
providing strong support for buying anything whatsoever and especially if the company has never earned one cent, or has 300+ p/e, or has reported missed numbers for 12 straight quarters. Yep, everything is okay, 100% safe and of course, guaranteed to go straight up for another 6 years!
as evidence by today's move.
right? That's how this trades? Nothing moves it 20%.
did yesterday's selloff and today's strong rebound mean that P/E ratios over 300 are not a strong buy now? How about companies with Market-Cap's over $1 or $2 billion that have never earned "one cent", sell them? I'm referring to the 34% in the Russell 2000. What about banks that have paid more in fines than they have earned in the last 75 months ... sell them too? I was also wondering, since the S&P 500 opened at about $67 bucks on March 9, 2009 ... and the Dow closed on March 10, 2009 at roughly 6,500, has essentially the straight move to over $200 and over 18,000 in about 75 months too-much based upon the "real data"? After all, last year the S&P hit 53 new record highs, about one-per/week. Is that kind-of performance unrealistic with over a third of the U.S. population not working (93+ million), 50+ million on "food stamps", over 5 million foreclosures still unsettled, and more than $18+ trillion in debt and nearly $5 trillion in Fed stimulus that nobody knows where it when?
Then again, figures when you consider everything else has based on the same metric. We have S&P trading at roughly 17-19 with at best 2% growth in a zero-rate environment ... wacko-bananas' .
This market note is "transitory".
This message brought to you by the Transitory Commission, where we strive to avoid any sense of reality recognition whatsoever. Previously known as The Illusion Specialist Team.