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no...the others I listed are more attractive to me
You da man thanks, and thanks for showing me that biotech stock last year also.... Are you in here?
I don't think the percentages are equal opposite inverses (i.e. as of my typing this the SnP is up +0.51% wheras SPXU is down -1.59%) but you're getting the right idea
A cheaper alternative would be TVIX, SH, SPXS, or UVXY
Soo if the s&p goes up 1% this stock goes down 1%?
This will go the opposite direction the S&P500 is going during the day....simple as that
Can anyone explain how this stock works to me? I tried looking it up but I do a little better with a personal explanation
Target 22 - 24 before it runs... Maybe February or March the market takes a hit
The increase in volume throughout the past weeks only goes to show that more and more people including myself are bearish against not only the sp500 but the entire market and U.S. Indices overall
October gonna be blood in the river
Good time to build a position here
Now up 4%..
Stopped buying this one.. gonna lock in a profit. I think the Feds will "fold" and keeps the cocaine coming for awhile.
One mistake I made was not taking into history.. December is usually a good month.
We'll see where we go and ride this wave for now.
Wall Street falls as emerging-market concerns rise
NEW YORK Fri Jan 24, 2014 5:49pm EST
(Reuters) - Stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities.
The S&P 500 fell 2.6 percent for the week, closing below its 50-day moving average Friday for the first time since October 9, suggesting more selling may be ahead for the market that closed out 2013 with a 30-percent gain.
The day's decline was also the biggest percentage drop since June 2013 for the index, while the CBOE Volatility index .VIX rose 32 percent and registered its biggest weekly percentage gain since May 2010.
"There's definitely some nervousness. The world is suffering from the emerging markets' flu," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
Emerging market assets were hit by worries about slowing growth in China as well as political problems in Turkey, Argentina and Ukraine.
With many market participants expecting the Federal Reserve to decide next week to shave its stimulus by another $10 billion a month, investors also worried that interest rates will soon begin to rise. Fed policymakers will conclude a two-day meeting on Wednesday.
Among the 10 major S&P 500 sectors, industrials .SPLRCI fared the worst, down 3.1 percent, as General Electric Co (GE.N) lost 3.4 percent to $24.95 and Boeing Co (BA.N) fell 3.3 percent to $136.65.
The Dow Jones industrial average .DJI fell 318.24 points or 1.96 percent, to 15,879.11, the S&P 500 .SPX lost 38.17 points or 2.09 percent, to 1,790.29 and the Nasdaq Composite .IXIC dropped 90.701 points or 2.15 percent, to 4,128.173.
For the week, the Dow fell 3.5 percent and the Nasdaq fell 1.7 percent. The Dow's weekly drop was the steepest since November 2011.
However, investors were willing to pay more for protection against a drop in the S&P 500 today than three months down the road.
The last time the spread between the CBOE volatility index .VIX and three-month VIX futures turned negative was mid-October, shortly after a 4.8 percent pullback in the S&P 500 opened the door to the last leg of the 2013 market rally.
Worries over China's growth surfaced after a disappointing manufacturing number spurred the S&P 500's 0.9 percent drop on Thursday.
The Turkish lira hit a record low and the South African rand fell to five-year low against the dollar.
Argentina's government said Friday it would relax stringent foreign-exchange controls, after it abandoned its long-standing policy of intervening to support the peso currency. That resulted in the currency's steepest plunge since the 2002 financial crisis.
Going against the day's downdraft was Procter & Gamble Co (PG.N), which advanced 1.2 percent to $79.18, giving the Dow its biggest boost. The world's largest household products maker reported lower quarterly profit, but kept its 2014 sales forecast unchanged.
Volume was well above the average for the month. About 8.8 billion shares changed hands on U.S. exchanges, compared with the average of 6.6 billion so far this month, according to data from BATS Global Markets.
Decliners outnumbered advancers on the New York Stock Exchange by about 6.5 to 1 and on the Nasdaq by about 6 to 1.
(Additional reporting by Chuck Mikolajczak; Editing by Bernadette Baum, Nick Zieminski and Jan Paschal)
gdl.. I appreciate your comments.
This is interesting fact.. This week, my employer (large $1.5 billion revenue company supplier to package goods) announced a price increase called it "inflationary" for the first time ever..
Not necessarily. This was the old rule but given the amount of free money poured into the system it seems the debt burden has overwhelmed any notion of inflation. Even with improved economic numbers, and they are many over the last 4 months, and even if the Fed tapers till all bond purchases are gone, that in itself will not produce much inflation.
The model is broken. Inflation should have happened already. I will agree that we will crawl up from here, but I don't see any real pressure. We have years to go. Credit, borrowing, bank loosening is started but not anywhere near that it would take to have inflation concerns.
The proof of my position is the fact that after 5 years of huge Fed intervention we are still seeing deflationary signs, and modest growth.
Most likely valuations will cause the next bear to emerge. it should happen in 2014. Watch the 10 year note. it has to break above and stay above 3 percent. if 3.5 percent is seen this year the market will fall. Perception can be greater than reality on inflation fears. For now we have all components except wages and housing moving higher in regards to inflation. We would need both to start worrying about inflation.
I expect a 20 percent drop from peak by end of this year. I do not however expect the end of this bull run. My target for SPX is 1950 for the top followed by a 20 percent haircut.
Not necessarily. This was the old rule but given the amount of free money poured into the system it seems the debt burden has overwhelmed any notion of inflation. Even with improved economic numbers, and they are many over the last 4 months, and even if the Fed tapers till all bond purchases are gone, that in itself will not produce much inflation.
The model is broken. Inflation should have happened already. I will agree that we will crawl up from here, but I don't see any real pressure. We have years to go. Credit, borrowing, bank loosening is started but not anywhere near that it would take to have inflation concerns.
The proof of my position is the fact that after 5 years of huge Fed intervention we are still seeing deflationary signs, and modest growth.
Most likely valuations will cause the next bear to emerge. it should happen in 2014. Watch the 10 year note. it has to break above and stay above 3 percent. if 3.5 percent is seen this year the market will fall. Perception can be greater than reality on inflation fears. For now we have all components except wages and housing moving higher in regards to inflation. We would need both to start worrying about inflation.
I expect a 20 percent drop from peak by end of this year. I do not however expect the end of this bull run. My target for SPX is 1950 for the top followed by a 20 percent haircut.
Maybe here?
maybe a 15% gain.. perhaps
http://stockcharts.com/h-sc/ui?s=SPXU&p=D&yr=0&mn=6&dy=0&id=p12843253629
Quantitative Easing will eventually lead to inflation - Currently, we don't feel it so much because banks are now earning interest on excess reserves and have taking the same amount of money out of circulation as has been injected via QE.
Quantitative Easing is responsible for recent stock market highs - As soon as we begin to taper, the market will fall. When we stop tapering the market will rise. Regardless of how "complex" the details are, there is a causal relationship.
All good things must come to an end.. but when? I doubt this time around.. but we may still see by February a corrections.. who knows?
OK...
At break even as today. I add more.
With budget talks coming.. Fed comments coming.. I still think the Market will not like the press at some point.
Are Democrats backing the GOP into another government shutdown?
By Jon Terbush
11 hours ago
Pelosi is ready to play hard ball.
After spending two months on the defensive over ObamaCare, Democrats are back on the attack. And with another budget deadline looming early in the new year, they're signaling that they're not about to let up — even it it means pushing Republicans toward another government shutdown.
Budget deal? Big obstacles, New Year's deadline Associated Press
Progress emerges in U.S. budget talks; Murray sees path to deal Reuters
Narrow Budget Agreement Comes Into View The Wall Street Journal
Dems, Obama, head into 2014 distant, determined Associated Press
Pelosi nixes budget deal without jobless benefits Associated Press
Senate and House negotiators are working toward a reportedly small budget deal that would undo some of the sequester, across-the-board spending cuts that have taken a bite out of the economic recovery. But believing the odds are tilted in their favor, Democratic leaders have suggested they may insist that an extension of emergency unemployment benefits also be part of a final deal.
"We cannot, cannot support a budget agreement that does not include unemployment insurance," House Minority Leader Nancy Pelosi (D-Calif.) said at a Thursday hearing. "It would undermine who we are as a country."
Pelosi later walked back her firm stance, saying that though she would prefer unemployment insurance to be part of the deal, "it could be separate from that." But the hard line, and the actions of other leading Democrats, nevertheless stoked the notion that the party is willing to play hard ball.
On the same day, the White House released a report touting the economic benefits of an unemployment benefits extension, and President Obama said the same in his big income inequality speech one day prior. Rep. Chris Van Hollen (D-Md.), the party's ranking member on the House Budget Committee, directly compared the cost of an extension to the estimated $24 billion the economy lost during the last shutdown — hardly a subtle message.
A senior Democratic aide, meanwhile, told The Nation's George Zornick that the issue was "still very much in the mix" of the budget talks between Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wisc.).
Congress authorized the Emergency Unemployment Compensation program in 2008, and has repeatedly extended it with steadily decreasing benefits. It's due to expire at the end of the year though, hence Democrats' concerted push now. And even though the House isn't known for passing Democratic-friendly legislation, Democrats think they have enough leverage to force the issue.
For one, any deal that raises spending above sequester-mandated levels would likely lose a swath of GOP support, which means Speaker John Boehner (R-Ohio) would have to seek out Democratic votes anyway. And the more Boehner needs to rely on Democratic votes, the thinking goes, the more concessions Democrats can demand.
Plus, Republicans are eager to undo the deep cuts scheduled to hit the Defense Department next year. Though pro-defense GOPers have quietly accepted the past cuts, the next round will cut deeper, so they're now "openly itching for a budget deal," wrote New York's Jonathan Chait, "as are the Republicans who have to actually draw up the cuts to domestic spending required by sequestration."
"The Republican dissidents, combined with Democrats, form a potential majority in the House in favor of undoing sequestration," he added.
Then there's recent history. Republicans ruined their party's approval rating by forcing the October government shutdown, and they're loath to repeat that catastrophe.
"A government shutdown is off the table," Senate Minority Leader Mitch McConnell (R-Ky.) said in October. "We're not going to do it."
Still, if the Democrats push too hard, Republicans could simply walk away, paving the way for another shutdown.
However, Boehner has said he would "surely entertain taking a looking at" a benefits extension, so there is at least a chance Republicans could go along with such an effort.
And there's always the possibility that all this noise will "turn out to be kabuki," wrote the Washington Post's Greg Sargent.
House Democrats are on record talking extensively about how the sequester is dragging down the recovery. So if Senate Democrats do reach a deal with Paul Ryan to replace it, and Republican leaders adamantly refuse to extend unemployment benefits, it could prove difficult for House Democrats to stand in the way of passing something easing the sequester. This would put House Dems in the position of making a very difficult choice. [Washington Post]
Democrats think they have an edge in the budget talks. We'll soon see if they truly intend to use it.
Good move.. What are you thinking right now?
This is what I am thinking...
Buy 110 shares a week for the next 11 weeks.
at a Risk of a 25% loss.. That means S&P could increase 8.3% from today till Feb 2014.. Making this ETF about $13 holding about 1380 shares at near first week in Feb..
If it can pop 60% because same reason as it 2011? perhaps rake a $10,500.
or perhaps running up to the debt ceiling fight the market won't like it..Perhaps if we get lucky along the way put in some stops? Humm???
A big market drop could certainly be coming soon. And why I am still in this even though I am down now almost 6%.
Yeah, I am still in and thinking about adding. But yeah markets are still trending up, so be careful.
Good luck!
Ray
Seems like this might be time huh?
I am still in this and almost even, but it is only about 25% of my portfolio, so until the market corrects and I make money, or until the market sky rockets and I lose on this, right now every day I pretty much just break even.
Good luck.
Costco stores are packed, trying to buy enough food, water and supplies for at least six months, Government shut down.. I'm scared.. Future is looking dark very dark.
As of right now my stop loss would sell below it. I had $20.25 in and pre-market it is trading at $19.96.
So I have to take it off and ride out the storm I guess?
Yes, I am using a stop/loss.
Longer term, cycle low Sept 23
Low window is Seot 19 to Seot 23
If you hold for the cycle low dates.
You should do very well.
Just keep a stop loss, your comfortable with.
Gl
Well I got in this once again after hours at $20.71, so I am betting on a slight pullback in the markets tomorrow.
Maybe filling the recent gap in the S&P?
Guess we shall see?
Transport index, has weaken.
Elliott wave C major correction is the most likely outcome.
Apple stock appears weak with clear five wave wave A already in place.
Friday close will be crucial..
So let it begin tomorrow.
Sept 16
Spxu above $25
Went short on August 7
Looking for SP 500 to reach 1540 level.
GL
I'm thinking more like 25k.
As i can see in your post the way you act is because you sold too soon lol and now you want cheapies lol to late child ;) you have to pay the good price now and be sure more you wait more it will be expensive :) it is why next time instead of losing your time to put BS on board, use this time to learn how to trade lol
Buy this sucker when the Dow hits 16,000....I know, this is S&P, but there is gonna be a sell off in the broad market at that point.
I am with you. Big Gainer. SPXU$
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ProShares Launches ETFs to Provide Triple Exposure to S&P 500
July 1, 2009
ProShares Launches First ETFs to Provide Triple Exposure to S&P 500
ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs designed to seek triple exposure to the S&P 500 on a daily basis. ProShares UltraPro S&P500 (UPRO) seeks 300% of the performance of the S&P 500 for a single day, while ProShares UltraPro Short S&P500 (SPXU) seeks 300% of the inverse performance of the S&P 500 for a single day (before fees and expenses). The new ETFs will be listed on NYSE Arca today.
“The S&P 500 has the largest following in the ETP industry with nearly $90 billion of assets benchmarked to it,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “As the leader in short and leveraged ETFs, we are committed to giving investors more choices to manage risk and pursue returns.”
About ProFunds Group
ProFunds Group includes 86 ProShares short and leveraged ETFs, and 115 ProFunds mutual funds. ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products—for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs2 and is the fourth largest manager of ETFs3 in the nation. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.
[chart]stockcharts.com/c-sc/sc?s=SPXU&p=D&b=5&g=0&i=t45100127534&r=4326[/chart]
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