RealMoneyIssues' Account Talk

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Birchtree said:
RMI,

You can fight Ferdinand all you want - but the writing is on the bathroom wall. Japan is going to lead the way higher blazing the trail.
Click to expand...

Um, have you looked at the chart? I mean, there was too much technical damage to say Japan is going to lead anyone anywhere...

One day does not a pattern make...
 
I have looked at the chart and I see a normal correction and now there will be higher highs as the yen helps the exporters. I'll hold my 80% I fund for a few more years.
 
$VIX is getting tore up today. Apparently, the options traders see good news on the horizon...

G fund is looking good since C-,S-,F-fund move together these days and I-fund is always a freak show.

Going to go find me some more chocolate... :nuts:
 
No surprises from Big Ben, not sure why it is selling off. I guess its time to listen to his blathering in about 20 mins.

Santelli was on FIRE this morning... great video!
 
Ok, an interesting morning...

Had a nice gain in UVXY for a quick (few days) played out nicely. It could have just as well gone very bad with VIX options expiration and Fed blathering all on one day... I made about 10% on the position but still left about 5% on the table as UVXY kept climbing to touch $80 :nuts:

Sold half my TZA to lock in some gains. I will hold the TZA position in case we see more sell off. I suspect a bounce a little just to relieve some oversold conditions in the market and give some hope to the bulls. That may start now, since the European markets are closed (and some were down >3%) and it is the lunchtime low volume float. We could also go back down to test the 1600 level ever the next couple hours and then head up.

Either way, some brave dip buyers are going to come in and buy this up assuming this is the extent of the down move (since the 1600 and the lower BB held) even though the 50 day MA has been broken. This happened back in April and rebounded significantly over the next couple months.

Today is the lowest the 50 MA has been violated (bad word?) but a rally above it will strengthen the bull case, at least in the short term.

I do believe we are just now seeing the beginning of a larger correction. It just may take time to convince more people to sell. Bull sentiment is still in charge, I mean, Big Ben didn't say he was taking the foot off the QE pedal, right?

Anyway, I hope everyone is comfortable with their market positions. I am not, but I am more that I was a couple weeks ago. These last few weeks of zig-zags have been murder on my psyche (and my masters paper).

God Bless!
 
I sold my UVXY this morning for a 14% gain...thought I'd "done good" ! :nuts: Should've held, but no sense being greedy, or worrying about "coulda-shoulda" !

Set a "sell" limit on 50% of my TZA at my break even price...doesn't look like it's gonna get there today, though... Then again, this market is so weird, especially in the last hour, it might !

Stoplight...
 
Well, I decided to sell my TZA today at 33.70, just before the markets popped up... at least for now. Profit takers are trying to close lower.

I did take a small position in XIV on the assumption that we have a pause day or a small bounce from this slaughter... if so, then VIX should come down somewhat, boosting XIV (inverse to VIX)...

Taking a chance, but I have been waiting all year to try my theory on big VIX days... I hope it works out.
 
RealMoneyIssues said:
Ok, an interesting morning...

Had a nice gain in UVXY for a quick (few days) played out nicely. It could have just as well gone very bad with VIX options expiration and Fed blathering all on one day... I made about 10% on the position but still left about 5% on the table as UVXY kept climbing to touch $80 :nuts:

Sold half my TZA to lock in some gains. I will hold the TZA position in case we see more sell off. I suspect a bounce a little just to relieve some oversold conditions in the market and give some hope to the bulls. That may start now, since the European markets are closed (and some were down >3%) and it is the lunchtime low volume float. We could also go back down to test the 1600 level ever the next couple hours and then head up.

Either way, some brave dip buyers are going to come in and buy this up assuming this is the extent of the down move (since the 1600 and the lower BB held) even though the 50 day MA has been broken. This happened back in April and rebounded significantly over the next couple months.

Today is the lowest the 50 MA has been violated (bad word?) but a rally above it will strengthen the bull case, at least in the short term.

I do believe we are just now seeing the beginning of a larger correction. It just may take time to convince more people to sell. Bull sentiment is still in charge, I mean, Big Ben didn't say he was taking the foot off the QE pedal, right?

Anyway, I hope everyone is comfortable with their market positions. I am not, but I am more that I was a couple weeks ago. These last few weeks of zig-zags have been murder on my psyche (and my masters paper).

God Bless!
Click to expand...
You're going to get a pep talk from BT.
 
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