This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Basically went 100% long UVXY again, avg cost about 30. Last time this stunt was worth 10% on the whole kaboodle. Seeking Alpha yesterday - 3:23 PM Money pours into VIX-related ETPs (assets hitting a new record $3.4B) as investors continue to bet (or hedge) on an ugly end to last quarter's powerful risk rally. "(It's) been the busiest month of the year for hedging, and activity is up 100% from a year ago," says Steve Davenport of Wilmington Trust. ETX
I'm counting it as a 1 - 2 off the top, with w2 being a terminating mess. Requires vigilence at 1460 and exit plan, should it break higher. Same time, lightened up the Gold position some, happy with 1780 at this juncture. If it dumps may want more Pt and less Au as it's extremely undervalued. GL - we all need it! ETX
Basically went 100% long UVXY again, avg cost about 30. Last time this stunt was worth 10% on the whole kaboodle. Seeking Alpha yesterday - 3:23 PM Money pours into VIX-related ETPs (assets hitting a new record $3.4B) as investors continue to bet (or hedge) on an ugly end to last quarter's powerful risk rally. "(It's) been the busiest month of the year for hedging, and activity is up 100% from a year ago," says Steve Davenport of Wilmington Trust. ETX
ReplyDeleteA most recent chart as seen though my TA kaleidoscope. ;-)
ReplyDeletehttp://mediacdn.disqus.com/uploads/mediaembed/images/357/4996/original.jpg
Patience grasshopper.
I'm counting it as a 1 - 2 off the top, with w2 being a terminating mess. Requires vigilence at 1460 and exit plan, should it break higher. Same time, lightened up the Gold position some, happy with 1780 at this juncture. If it dumps may want more Pt and less Au as it's extremely undervalued. GL - we all need it! ETX
ReplyDeleteThanks HR, Etx
ReplyDelete