Replies to post #16878 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[mannken]

Exited my last remaining Uvxy shares earlier

No plans to trade it for the time being

When I seen Well Fargo (TBTF) raised SP target to 4825, that was enough for me, banks will have their way, no doubt, sticking with my reservation that SVXY will fill 65 area gap before any spectacular volatility moves /imo

I'm only holding 1 ETF (SQQQ), which for me, is a possible money rotation play out of Nasdaq, and some chart work if it matters any longer lol. Any new QQQ 52w high then I'm out, otherwise, I will keep the position

[mannken]

Now it's big bank buy backs

Good read how banks stepped in at SP critical levels
https://www.zerohedge.com/markets/just-stocks-dipped-below-critical-support-level-last-week-banks-unleashed-record-buyback

add QE forever, SP500 5k coming, probably 5500 by eoy

hmm, Wells Fargo raises target to 4825 this week, of course it's going there, because banks will back stop until it does