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TVIX- Yesterday's move and today's move so far makes absolutely no sense based on overall market performances. I'm out of it @ 2.83 for break even on my last entry.
Something just doesn't add up here. Better plays with good volatility at the moment...IMO
Tuesday’s Trading:
Data as of 10:45:31am ET
Dow-384.51
Nasdaq-111.13
S&P-36.82
TVIX still under $3.00???
DGLY- I haven't traded this since last selling it in the $20's
I'm watching it closely right now for another possible entry. It needs to continue closing above the 200dma. I really don't want to see it close below that level or it could continue falling much more.IMO
Looking for a decent bounce off the 200dma and a reversal to soon follow.
We shall see,
BOL
TVIX- It looks like it will close in the green today, but then again, you never know what to expect in these markets.lol;)
NFEC on your China Jan Effect basket
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109393616
Nice one;)
Yes very true, and that's when we'll be selling.lol;)
TVIX- is it still "ascending triangle" with today's close?
IMRS- Yep I seen your post and read the news. This one is likely headed much higher. closed above the 200dma today. This current leg up could easily take it into dollarland very soon...IMO;)
S&P cuts Russia's credit rating to junk
http://money.cnn.com/2015/01/26/investing/russia-credit-rating-junk/index.html
IMRS- Nice entries matt! you are looking good right now;)
Love this chart set up at the moment... Up up and awaaaaaaaaaaaaay!!
Yes I did and I'm now regretting jumping in too early.lol:(
What are your thoughts now that it closed below the 50dma?
Bring it on;)
Come on China and do a stimulus so we can get some LOVE in China small caps;)
IMRS- nice day brotha;) 2nd leg up is well underway!
see you in dollarland soon...IMO
UWTI = very painful to hold this one at the moment as new lows continue to be created...
They are beating this one down like they beat JNUG, but I think it will have its day soon enough...
Adding until it hurts;)
TVIX- You nailed this one as well... I was way too quick on my last two entries, however I will continue to add on this dip for the next push upwards...
Don't miss out on the next wave upwards...IMO;)
Yes, good job buddy! You have been nailing metal calls lately. I hope you have been banking on it;)
Look out: Big week ahead for stock market
Buckle up for a big week in the stock market. Investors get to check Corporate America's pulse as over 140 S&P 500 companies report earnings this week and the Federal Reserve meets for the first time in 2015.
http://money.cnn.com/2015/01/25/investing/stocks-market-lookahead/index.html
TVIX- Buying again at the 50dma was the right move so far.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110157481
Too bad I didn't wait for it like I should have done, instead I pulled the trigger too early like usual.
TVIX- even-steven right now from my last two entries...
I noticed that as well. Many oil companies have found bottoms and have begun moving up, yet UWTI still continues falling creating new lows???
They are beating the crap out of it like they have done with many ETF's recently. Just like JNUG before the R/S is the last one that comes to mind.
We'll have plenty of opportunity to bank from beaten down oil/gas soon enough. We just got to have some patience in the meantime;)
Hard to predict the short term future with oil prices. It may start recovering this year or it could take several years to recover, who knows?
One thing I do know is every market has a top and a bottom at some point and I believe we are nearing a bottom with oil prices.
Time will tell I suppose...
JDST- Nice trade Donis! I sold out was too early from my last entry:( I'm very confused with the trading of many ETF's lately. I still don't know why NUGT and JNUG are dropping so much from their highs considering Gold/Silver are both still sitting near their highs? Also many oil/Gas stocks have seen some decent bounces from bottoms, however UWTI continues to create new all time lows wach day? VERY FRUSTRATING!! Even UGAZ is starting to move upwards, I really don't get it.lol
Amyway I'm still holding UWTI at avg PPS 2.92 and TVIX avg PPS @ 2.80
No other holdings, my account is 60% cash right now...
Have a good weekend!
Yes I agree... I picked up a lot of silver in November. I was paying $22 & $23 per 1oz coins for silver maples and eagles, now they are going for over $27 CDN
cheapest price I paid was 20.70 per oz for royal Canadian mint(10z bars) silver bars
I will continue to accumulate on any major dips along the way. I'm in it for the long haul;)
IMRS +11% 2nd lep up has begun! Another great alert yesterday. You know this one well, good timing bro!;)
COCO- Lotto play!! Triple bottom @ .06
High risks, high rewards...KEEP ON STRONG WATCH!! imo
UGAZ- I have to admit I do really like the way this chart is setting up...
IFON +8% Broke the 50dma
CHOP- WOW! now I'm happy I bailed out of this one after that horrible ER a few weeks ago...
What a giant POS this one turned out to be, YIKES!!
Any China favourites at the moment?
VGGL- Huge volume out the gates this morning...
@ 2.86
SFX Entertainment Names New President & COO; Signs Sales Agreement with Viggle
SFX Entertainment, Inc. (NASDAQ:SFXE), the largest global producer of live events and digital entertainment content focused exclusively on electronic music culture (EMC) and other world-class festivals, today named Greg Consiglio as President and Chief Operating Officer of the company.
Consiglio, who holds the same titles at Viggle Inc. (NASDAQ:VGGL) the leading entertainment marketing and rewards platform, will retain those positions as well.
In addition, Robert F.X. Sillerman, Chairman and CEO of both SFX and Viggle, announced that SFX entered into an agreement with Viggle that will significantly bolster its brand partnership, media and sponsorship capabilities. Under the agreement, SFX will take over the 25-person Revenue team of Viggle, who will now have significantly more opportunities to sell.
In addition to Consiglio, there were several other changes announced:
Kevin Arrix joins SFX as EVP, and Chief Revenue Officer. He holds the same position at Viggle and will continue to do so.
Tim Crowhurst will move from SFX’s President to SFX’s President and Head of Strategic Development.
Ritty van Straalen will move from SFX’s COO to SFX’s President and CEO of Live Entertainment.
Joe Rascoff will step down from his position as SFX’s Chairman of Live Entertainment. He will continue to serve as Vice Chairman of SFX’s Board of Directors.
Chris Stephenson will leave his position as SFX’s Chief Marketing Officer to form an entertainment marketing agency that will be affiliated with SFX.
According to the three-year agreement between SFX and Viggle, the combined sales organization will sell all inventory for both companies. The immediate access to the highly successful Viggle sales organization will give SFX a turnkey sales solution, while combining efforts and inventory with SFX will give Viggle access to a broader client list offering the potential to qualify for many previously unavailable sales opportunities.
“As SFX continues to fulfill its mission of adding multiple new ways for fans of EMC to stay connected with their favorite artists, events and music by adding exciting new digital and experiential opportunities, these organizational changes add fuel to the excitement now upon us,” said Sillerman. “This will permit individuals to be hyper-focused on making sure all our constituencies are well served. The Viggle Revenue team brings an immediate new dimension, while combining the SFX inventory provides Viggle with more scale attractive to a broader base of advertisers.”
SHORT SQUEEZE CANDIDATE!!
JDST- Yep nice close yesterday and nice open today, congrats!;)
Good morning! Futures are pointing up a little and TVIX also pointing up in pre-market trading... Hopefully bottom has been formed on the recent pullback and we get another decent bounce off the 50dma support...
UWTI did look good in AH trading yesterday but once again it's gaping down in PM trading. Give us a decent bounce already!!
UGAZ & JDST- Both gaping up this morning.
Have a good day all!;)
Silver Poised for Bull Market as Economic Woes Boost Demand
Debarati RoyJan 22, 2015 11:01 am ET
(Bloomberg) -- Silver headed for a bull market in its best start to a year in more than three decades as the European Central Bank expanded economic stimulus measures, boosting demand for the metal as a store of value.
Holdings in exchange-traded products backed by the metal have posted three straight weekly gains, while U.S. government data show money managers raised their net-bullish wagers to the highest since August. An ounce of gold bought as much as 71.5 ounces of silver on Thursday, compared with an average of 58 in the past decade, signaling the white metal is inexpensive relative to gold.
The euro weakened to an 11-year low against the dollar as the ECB expanded its bond-buying program, boosting demand for precious metals as alternatives to currencies that are being revalued. A collapse in oil prices has boosted the appeal of gold amid the threat of deflation, and the price on Wednesday topped $1,300 an ounce for the first time since August.
“Silver is enjoying safe-have bids along with gold, and there is also a lot of physical buying” Frank McGhee, the head dealer at Alliance Financial LLC in Chicago, said in a telephone interview. “There is a flight to safety because of all the concerns about the economy.”
January Rally
Silver for immediate delivery climbed 0.,9 percent to $18.2915 an ounce at 11 a.m. New York time, according to Bloomberg generic pricing. A settlement at $18.4064 would leave the metal up 20 percent from the closing low of $15.3387 in November, meeting the common definition of a bull market. This month, the price has jumped 17 percent, the biggest gain to start a year since 1983.
Gold for immediate delivery rose 0.5 percent to $1,199.63. On Wednesday, the price reached $1,305.25, the highest since Aug. 15.
“Silver will benefit from all the stimulus measures and rate cuts being announced aggressively by the central banks,” Caroline Bain, a commodity economist at Capital Economics Ltd. in London, said in a telephone interview. “The stimulus measures will at some point boost usage of the metal.” Bain said she expects the price to rise to $20 by the end of the year.
Consumption is forecast to grow to almost 680 million ounces by 2018, up 142 million ounces from 2013, as demand in industries ranging from appliances to solar energy will rise, CRU Consulting said in a report on Dec. 10.
Physical Market
A tighter physical market will provide some support to prices this year, Philip Klapwijk, managing director of Hong Kong-based Precious Metals Insights Ltd., said at a conference in London on Jan. 21.
The consulting firm expects global silver supply from mine production and scrapping to fall 2 percent in 2015, and physical demand for uses including industry, photography and jewelry to grow 2 percent. The physical silver-market surplus will shrink by 40 million ounces to 211 million ounces in 2015, according to Precious Metals Insights.
“Silver is rising along with gold as a hedge against uncertainties,” George Gero, a New York-based precious-metal strategist at RBC Capital Markets LLC, said in a telephone interview. “Also, some funds are betting on future growth with so much money being pumped into the system.”