Comment by
trader009 on Sep 17, 2015 3:33pm
Absolutely nuts....prefer to not hold this over night anymore......way to volatilite IMHO.....Just hope it can move back up to $48+ and lock in my profit.... Highly possible that tomorrow could see huge move lower on SP and HVU trade back to $60 but I'm not prepared to take that chance....They may drive this market back above 2050....
Comment by
mdaffin on Sep 17, 2015 3:44pm
Yep, just another boring quiet day on the markets. At this moment, the indicators suggest it will go up (its at 47 right now). I decided not to have my spec money in the markets today - and that was a big mistake, as I would have had a very profitable day on LABU. Still, with so much uncertainty, its difficult to feel ok holding anything. Anytime you get out of HVU with a profit is a good day.
Comment by
MayorRobFord on Sep 17, 2015 3:54pm
Seen these moves before after FOMC announcements. Next day usually are green days in S&P.
Comment by
mdaffin on Sep 17, 2015 8:58pm
I am not sure what to make of this. There is a lot of disbelief going around that the markets will go higher. Japan is absolutely crazy - up huge when exports dropped and now down big after the no rate hike. I am going to rely on charts and try trading LABD/LABU but frankly, its really tough to read were this may go. As far as the VIX, if things are rosy, it could drop to 16.