ahhhh great buying opportunity... Bought more XIV at 31.50 for a quick darted and SPXL at 87.75 looking for some intraday highs on both..... so sad I sold my SPXS the other day at $19.60, now abover $19.90....
see how positive this is, buy the dips! History says buy into Tuesday's drop With Dow Jones Industrial Average futures pointing to a nearly 200-point drop at Tuesday's open, investors should be buying, history shows. Over the last three years, the SPDR S&P 500 ETF has opened with a so-called gap lower of 1 percent or more 17 times and on 12 of those days it paid to buy into that selling as the market closed higher than those early morning levels, according to Jonathan Krinsky, a chart analyst with MKM Partners. Recent history shows buying now is an even better bet. "Since 2014, gap-downs have been even less bearish," wrote Krinsky to clients. "Of the six 1 percent-plus gap-downs since 2014, only one has gone on to close lower (1/27/15). The avg. open to close performance of those six days was +0.75 percent. " Krinsky, while not explicitly recommending a buy at the open, notes that the S&P 500 futures are currently testing their 50-day moving average, a prime spot for a bounce. Said the technical analyst, "We would imagine at least an attempt at a rally from around current levels." http://www.cnbc.com/id/102491804
SOLD today, not at $23 but over what I paid for it....only took over a month to sell it for a profit, will buy back below $20.
Every time the markets drop like this it just puts pressure on the fed not to come out and raise rates and thats exactly whats going to happen, next week when the fed meets they are going to repeat once again that they are NOT going to raise rates and the markets will jump, its the same over and over again, I think if the markets break support and start heading to October lows which they are going to soon, at that point the fed will come out clearly saying no rate hikes in 2015! and probably do QE 4!