I know i saw that this morning, surprised how well the market is holding up, i swear the Korea situation isnt going to effect the market until nukes are in the air, and even then people wont sell it until the first nuke actually hits ground.
Out of JNUG for now, seems like this .70 area might want to hold if it gets below 20.50 will look at it again. Made like 140 bucks on it.
Art Cashin the other day said "go long if the nukes are flying... if they miss the market will roar, if they hit.... it don't fuckin matter". Art didn't say "fuckin" though... thats me paraphrasing.
People singing and smiling at a shelter, after they just lost everything. Sure makes me think, when I have a tough day in the market and get pissed at myself, and at the world.
JNUG starting to look like its rolling over, with the market going straight up could see it having a nice afternoon unwind going to be watching closely on the next roll.
scratched JNUG, hard to tell if the ES is going to roll next or blow the top off, should have probably shorted the pop on UVXY instead, it was al basically the same trade, i just thought there was more premium that had to get sucked out of JNUG than UVXY, if the ES kept going.