whewwwww Long DGAZ again around $6.10 and another position in TNA @ $88.20 my UWTI is kicking ass along with BIS
Bring on the volatility.... out @ $30.46.... will buy it back under $29.75... Didn't sell it for $31+ a share like I thought I would, but still eeeeeked out a small gain of about 1.8%...
remember they can't let the markets drop, as soon as the dow looks like its going to break it props right back up, noticed it twice so far today, not only that but look how they are keeping the s$$$p above 2070, as long as they can keep it up and rally it off close to these support levels everything is still peaches and cream..... dow closing in on GREEN After I bought TNA it dipped down to $86.92, didn't even sweat it, now its trading right back up around $88. Just like that, its magic I Tell you.....will sell TNA either today or sometime this week above $90+.....
DOW is back in the GRRRREEEEN and ready for take off in 3 2 1....get ready dow is going to post huge gains, no such thing as a downward trend, this is the rally will waiting for...buy the dips.... I did, sold my BIS because I know its going down after the market lifts off and bought TNA, ohhhh TNA is now back in the GREEN, FREE money is coming to me....wish I was patient and got it under $87.50 but no worries, its now at $88.50+ and climbing higher, should break intraday highs by mid day.....
oil up big today, almost $60 a barrel which means time to sell UWTI Out of UWTI, touched my sell target of $3.51 this morning but sold out at $3.43 still 14% return.... will buy back in under $3.00 when oil trades back below $57....
out of TNA @ $89.02 of well, thought it was going to break intraday highs the last 15 mins or so and it hasn't, pulling back again, if dow goes red and continues its sell off into the close I will be glad I sold at $89.00, will be interesting to see where the markets trade since the nasdaq is still in the red since the opening....
oversold? well if you look at buying the dips, yea its over sold but when you look at a 6+ year old bull market and not one 10% correction in over 1300 days, its not oversold, especially the biotech sector which up HUGE compared to all indexes the last 4 years.... Im out of BIS as of today, sold it $30.46 for a small gain and will buy back when BIS touches new lows, for now just waiting.....I don't know how these markets are going to hold up, I feel I took some risk buying TNA when I did today at $88.20, it dropped very fast and has recovered since the last couple of hours, but I know once the s$p breaks support its going down very fast..... So what did you buy IBB at $359? how many shares do you trade with a price being that high? With BIS I only trade 100 share lots, nothing to crazy since I know its a leveraged ETF...