A Brexit vote to remain in EU will see short-term gains, but then everyone will go back to fretting about the Fed raising rates
The Dow Jones Industrial Average closed at 18011 on 6/23/16, as the stock market exploded higher yesterday.
The UK and EU have two years for a tidy divorce. Greed will prevail and traders will buy good companies at a discount.
The Dow Jones Industrial Average closed at 17400 on 6/24/16, as the stock market tanked with global markets. Everyone and their mothers thought Great Britain would not vote to exit the EU but that is what happened. After completely selling out of TNA at $68.90 several weeks ago for a big profit, I was sitting on my hands waiting for a moment like this to get back into the market. I bought SPXL in a big way and plan to sell when the S&P 500 rallies to new all time highs in 6-12 months. Its not a question of if, but when. The U.S stock market always returns to new highs after a correction. While conditions might get a little worse, you have to buy during times like these.
The Dow Jones Industrial Average closed at 17410 on 6/28/16, as the stock market exploded back up on Tuesday. After being cautious around 2100 on the S&P 500 since April, I turned bullish Monday morning at 1998 due to the drop. UDOW, TNA, SPXL are the best ETF's to buy when the market is crashing.
The Dow Jones Industrial Average closed at 17695 on 6/29/16, as the stock market continued to explode higher. As I've been saying since Friday morning, there is no need to panic because of the Brexit and you should be using the weakness to buy. UDOW, TNA, SPXL are the best ETF's to buy when the market is crashing.
The Dow Jones Industrial Average closed at 17930 on 6/30/16, as the stock market continued to explode higher. As I've been saying since Friday morning, there is no need to panic because of the Brexit and you should be using the weakness to buy. Now I'm turning cautious again because the S&P 500 is retesting 2100.