Some of my posts here are not making it cause I'm linking to articles. So I'm not linking on this one. I'll brief you. Stocks down on jobs obviously, but financials up and offsetting. Lot of time still til Dec meeting, so this data only has limited punch. Support is at 208 and capital flows will serve stocks from there. You gotta see my articles for the full take. Good trading friends.
I know why gold spiked yesterday and what we need today for it to move higher http://seekingalpha.com/article/3516246-why-gold-gained-ground-wednesday-and-what-we-need-next
You can follow my column or follow me on twitter. Best to you in your investing and good luck with AAPL, which is looking like a bargain today.
Apple's product event should serve the stock this week. Usually lately there's been a letdown, but years of R&D should be paying off with new products ready to wow investors now. AAPL also gets benefit today from continued relief rally, but be careful as we're in for some more volatility next week and maybe Friday.
I actually warned my followers about the market crash days before. Sorry for seeming promotional but if I don't tell you, you won't know about it. See for yourself http://seekingalpha.com/author/markos-kaminis as I authored a series of articles telling followers to stop buying dips with the herd, raise cash levels and buy volatility, which was cheap at the time. I made 30X my money in VXX call options because I was so sure about it.
Sentiment: Strong Buy
I write a column at Seeking Alpha, where I published warnings in the days before the market crash. I told followers to avoid buying dips, raise cash levels, and buy the VXX. I made 30X my money in VXX calls that I bought for pennies when nobody wanted them. TODAY I GOT UP EARLY TO PUBLISH A SECOND WARNING. I SEE 2ND LEG STARTING NOW http://seekingalpha.com/article/3487266-second-leg-of-stock-market-correction-looms-despite-ecb-support
Friends, we're going lower. I predicted the first leg of the correction and this morning at 3 am I got busy writing up my follow up, which was time sensitive because it's about the crash starting this afternoon. See it here:
I know it's hard to see, but before the close VXX will have turned. Here's why http://seekingalpha.com/article/3487266-second-leg-of-stock-market-correction-looms-despite-ecb-support
Sentiment: Strong Buy
SDS entry point looks good here. http://seekingalpha.com/article/3487266-second-leg-of-stock-market-correction-looms-despite-ecb-support
Sentiment: Strong Buy
I predicted the market crash and made money while most lost money. See for yourself http://seekingalpha.com/author/markos-kaminis - I expect gold falls today on the ECB catalyst, which supports the dollar, but gold starts rising again by the close and certainly on Friday and Monday on second leg of market collapse. I welcome you to follow my column. I'm seeing things clearly.
OIL and oil could get a lift today from the ECB, despite its dollar support, but I would sell any gain today as before the close I think we'll start to see the second leg of collapse which will run through Friday and into Monday. I predicted the crash - see for yourself - I'm seeing things clearly http://seekingalpha.com/author/markos-kaminis
AMBA reports after the close and investors are afraid it will indicate China softness. I'm still long GPRO and LOVE IT at this price. If it gets cheaper, back up the truck. BTW, I predicted this market collapse days before it happened and told followers to go to cash and buy the VXX (at $16). I made 30X my money in VXX calls. Invite interested parties to follow my column for my regular insight. http://seekingalpha.com/author/markos-kaminis
These securities now trade at a significant price premium to what I paid because everybody is buying it now. BTW, I'm not in any longer.
In mid-August I suggested followers buy VXX ahead of what I felt would be an imminent market correction. I bought VXX calls myself for pennies and turned a 30X gain on the market crash in about 3 days. See my timely advice for yourself - http://seekingalpha.com/article/3433496-one-security-to-save-us-all
Yes, I am the guy and I really did warn of the crash ahead of the event, suggesting investors raise cash levels and buy the VXX (at $16). I bought calls on it for pennies and turned a 30X gain in 3 days while the sky was falling. See for yourself and take note as I have something more to say now http://seekingalpha.com/article/3482226-investor-who-predicted-the-stock-market-correction-offers-an-update