The market was doing great this morning. Now is looks like shit. Perhaps I should segue myself into a comfy UVXY position, sit back and watch the wood burn on the fire.
Oil is getting blasted and the Nasdaq is low — thanks to EXTRME weakness in the semis. I am holding my SOXS position through the earnings to follow. I am particularly looking forward to NVDA — which is priced for perfection.
On the topic of cryptos, the rally has paused and OSTK stopped dead in its tracks. Good thing I booked profits earlier today.
On a serious note, you’d need to have a mental disorder to buy any volatility ETNs ever again. You’d be better off playing with a box of dynamite sticks inside of an inferno.
The only other thing I did today was buy SECO.
I’l be out for the market close, but rooting in spirit for everything to collapse like a desk of clown cards.
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Yes.
Putting up balloons and streamers for a shutdown party
How is your portfolio positioned for this shutdown party?
That clown pic reminds me …in case anyone missed the video of Trump addressing one of his size 5 baseball cap crowds, here he is talking about ”un-Americans” committing treason by not clapping: https://www.youtube.com/watch?v=zjwPiE1wCU0
good clip
You eat sleep and drink Trump. It’s all Trump, all the time. CNNMSNBCCBSABCNBC has you foaming at the mouth.
Don’t have a TV …but I have internet. Triggering libtards is good fun, but Trump goes waaay to far. There’s plenty of treason out there, if it’s treason he cares about …like his acts of war against Syria et al ..without a declaration.
Volatility trading is really just about picking up consistent roll yield, depending on the steepness and direction of the futures curve. The trade moves like a short options position regardless of whether you are using ETN’s, options or futures. I never buy vol, but if I had to choose I’d be long vol here. Short vol right now would be madness.
Just slowly raising cash to get short vol when the board flips back to normal.
Short tech and banks. Bear market is just getting started.
https://www.zerohedge.com/news/2018-02-07/jpmorgans-worst-case-scenario-unfolding
To me this is picture perfect dead cat bouncing https://www.tradingview.com/x/4S1jyOhB/