Gotta love ZERO RISK in the SP500 = $$$

well done S2. I exited an hour into the open near toppish (don't we all on ET) but failed to get the entire reversal (about 1/4th).

XIV long?
 
satchel said:
well done S2. I exited an hour into the open near toppish (don't we all on ET) but failed to get the entire reversal (about 1/4th).

XIV long?
More...


Im long xiv around 30.50 but a small amount to hedge against my cvol and tvix

If you are going to buy, buy a 1/4 position
I bought about a 1/3
But seeing this market just evaporate with nearly a 300 point gain to red is very interesting ...

Just keep in mind January 22nd ecb meeting. They will probably announce some form of QE...also earnings this week from major banks and Intel...keep that in mind...

Again maybe a 1/4 position in XIV....if markets revisit October lows xiv will be under 22 a share.
 
Tvix high of day was 3.37
Sold at 3.06
Over 10% jump since this morning....missed out on some beautiful gains

Wonder what the next 2 hours bring.

$3.40
$3.50
$3.55
Wheewww
 
Tvix high now at $3.40

It tends to stall around this level...usually drops back to under $3...however another triple digit drop tomorrow and it soars to $3.75+

In TNA for fun. At $74.00 even
Very small amount of shares since who knows what to expect this week.

October lows? Yes a possibility ..watch iwm a break below $114 could spell trouble
 
Take a look at this....article from today about QE in Europe....


Reports from overseas that had Germany downplaying the notion of further quantitative easing by the ECB helped push the market lower, Art Hogan, chief market strategist at Wunderlich Securities, said."There are rumors that Germany is botching quantitative easing, and the market is looking for QE to come out on Jan. 22. It's a non-trivial worry, when you're talking about a eurozone that in the aggregate is almost the size of the U.S. economy," Luschini said.


So this is what it all comes down to....QE
Every market around the world is being fed this stimulus to keep the markets from collapsing ..just on that simple report that there may not be QE sent the market lower.....there is going to be a collapse in every financial system around the world due to this extreme debt and stimulus that everyone has been cheering about for the last 5+ years...
No such thing as free markets and no such thing as a real economy.
All make believe ....I think this next financial crisis is really going to make people believe that there are no tools to fix this financial crisis.
 
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