Replies to post #9634 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Marketwise]

I agree, that is probably about the last thing on most traders minds right now especially with all the "Trumphoria" running through and so pervasive in the market right now. Tax reforms including a lowering of the corporate rate, deregulation and other anticipated stimulative measures, including a repatriation of offshore corporate capital and possibly some of the lost jobs in recent years are all adding up to a euphoria the market has not had for some time.

[kid biscuit]

The reason we never get corrections in any meaningful way is the fund managers rotate to different sectors like a school of fish in unison. For example, while techs are consolidating their gains, they pile on to the biotechs like the XBI biotech fund. That started moving up and is how they kept the Nasdaq positive today. while only a few tech have finished their consolidation phase. By the end of next week expect the techs to be ready to start back up and test new highs, possibly individual stocks like LRCX, and Biotech's will consolidate their gains for a few days. There is collusion on a grand scale and its perfectly legal in that realm. But UVXY is a bird with different feathers.