Comment by
Eric1212 on Jul 29, 2016 1:31pm
Adding to that the fact that oil is going up instead of bad data, big movement on no-news... Something is going worse than ever even if it's was allready going worse than ever... Did you see the +/- 500 yen gap this night on nikkei 225 ? 16 415 ---) 16 679 --- ) 16 174 --- ) 16 534 --- ) 16 174 --- ) 16 569 ...
Comment by
Realhumanbean95 on Jul 29, 2016 2:04pm
Oil is only up because of usd weakening
Comment by
Eric1212 on Jul 29, 2016 2:06pm
I just realized it's the same for the SP 500...
Comment by
MayorRobFord on Jul 29, 2016 2:23pm
S&P up only 0.22%, and UVXY/HVU down 7.5%? The August future was overpriced as I said before. Lucky I bailed a while back. It is down close to 30% since. Will rebuy after the breakout, assuming it happens.
Comment by
borrowedlife on Jul 29, 2016 2:26pm
mayorrobford what's your thought here...will this beetch see atleast faken $12 sometime soon?
Comment by
MayorRobFord on Jul 29, 2016 2:34pm
Just pulling some #'s outta my as$, but HVU could drop to say $5 and then rebound to $8, that would be a 60% gain from the projected low, which is pretty optimistic. If you're in at over $15, there is pretty much no chance you will EVER breakeven. Look at the 5 year chart, keeping in mind this is not a stock, and you'll see what I mean.
Comment by
Realhumanbean95 on Jul 29, 2016 2:39pm
The vix would need to gain 30% maybe even more since this etf dosent really go 200%. Oil at 37-8 can make that happen but tbh i dont see it going lower 39. We are very close to sub 40 oil however keep your fingers crossed ! Cash in and run away from this
Comment by
borrowedlife on Jul 29, 2016 2:45pm
That's the plan realhumanbean..not going to look back once out...I've given this many chances..
Comment by
borrowedlife on Jul 29, 2016 2:40pm
Mayor you think $12 atleast....I'll take my losses there ..this is.starting to get retard this market...I know $18 is fn out the question ...looking for anything above $12
Comment by
Realhumanbean95 on Jul 29, 2016 2:45pm
Dude to get 12$ you need the vix to go up 50% at the least. Look at how the vix has been trading .....
Comment by
Eric1212 on Jul 29, 2016 3:00pm
Guys, you know the vix can go over 50 ? 30-40 range is also highly likely.
Comment by
Realhumanbean95 on Jul 29, 2016 3:06pm
Agreed but the vix only went to 50 last august. And in comparison to the oil metldown in february the vix only hit 30. And personally i felt the oil scenario was much worse macro event than the august selloff. So you know we would be hoping for alot to expect a complete meltdown before elections.
Comment by
curiousbuild on Jul 29, 2016 11:48pm
Speaking of commodities.. here is interesting chart which I found pretty interesting.. I follow him on twitter and would suggest others to follow. CB https://twitter.com/InsiderBuySS/status/759136034919583745 https://en.m.wikipedia.org/wiki/Thomson_Reuters/Jefferies_CRB_Index