headline on cnbc.....breaking news is now considered the dow being up over 100 points and the nasdaq and s$p out of correction territory......going to be funny when the dow is off 20%+ in a bear market and the headline reads: Todays headline!!!!!! 9/8/15 BREAKING: Dow jumps more than 275 points; S&P, Nasdaq out of correction territory FUTURE HEADLINE BREAKING: "DOW jumps more than 32 points; s&p, nasdaq out of bear market territory
I Only buy SVXY when the markets are falling hundreds of points and its trading down, I will never buy this on a day like today with the dow up over 200 points, thats why I bought on Friday when the markets were once again in collapse mode so on days like today I can cleanly sell for a profit...still holding onto it though, will sell once the s$p gets back over 2000, added SQQQ on the dip below $25, I think its an awesome stock to trade as long as the nasdaq keeps hovering around this 200 point trading range of 4600-4800.
TOM LEE IS BACK!!!! Tom Lee: Stocks best days may be ahead (HAHAHAHAHAHAHAHAHAHAH) Fred Imbert | @foimbert 15 Mins Ago Investors who are shifting their positions to hedge against volatility may be missing the year's five best days for stocks, strategist Tom Lee said Tuesday. "Now that we're down 12 percent, the market's oversold, and we've only had one day where the market was up 2.5 percent or more; half of the best five days are that, so I think we have the potential for some really big moves into year-end," Fundstrat's co-founder and head of research said in a CNBC "Squawk on the Street" interview.
Not much compared to some of your one day losses on UWTI though. 10-20% on single days occurred numerous times. I'm inclined to think these triple etfs are often a tax on gamblers like you who crave action.
Seems inappropriate to make fun of Lee in this way when you might be the mirror image of him on the bearish side, only worse. Seriously, you were shorting the SPX at not much over 1000 ( yes, that number is correct ). So you posted mostly bearish posts on US equities as the main index went up 1100 points.
I still own UWTI at a cost average around $2.25-$2.50, don't know exact number now but it's around there.....i have picked nice profits on DWTI numerous times the last couple of weeks and have also traded ERY so if i really want to get super technical my cost average in UWTI after profits in ERY and DWTI is probably just under $2.00...