Will Powell spike the punch bowl ?

Careful of that VIX Kenneth! Heading South in a big way.


good observation.... note though it always does this initial baby pullback after long drop/1st pop... right before the motherfkr runs UP like superman... will be heavy 5k shares uvxy once it gets >10

vix14dec.jpg
 
I'm up $3700 today overall took no short positions. Only made one flip; sold my risky silver junior BCM 23000 sh at 0.70 shortly after the news ( +$3730 since I bought it some time back ) and put the money in 1800 sh Silvercorp at $8.75 ( closed at $8.72 ). Was also considering rebuying CXB a gold miner instead but didn't get filled at 0.84. Trying to capture the lows of the day in metals, while reducing my risk on the news on a thinly traded stock.

Correction Silvercrest ( SIL on TSX ) not Silvercorp.
 
UVXY 6.87, -5.11%, great daily chart !!! Price action !!!

Cue the narratives :

#1 - UVXY is doing great, look I'm "right".
#2 - I go long too guys, TQQQ and SOXL. Mysterious pairs trading.

I absolutely nailed how Ken would present his trading yesterday on here. That's the thing about fake results you can write the script ahead of time. Absurdly he posted both narratives on the same day.
 
Although, he did call for the market to burn today, and its burning. :(:(:(

He calls for the market to burn every day. Randomly he has to catch a down day eventually. Twice in the last 6 months he declared a move up in US markets as a '3 day dead cat bounce', and in each case it turned into a significant up move over roughly two months. UVXY has been the worst performing etf on the market since mid-October. An absolutely horrendous play. He's hit it at every level from 12.90 to 7. His original call occurred at 11 and he said 20 by end of year. We are 7.46.
 
He calls for the market to burn every day. Randomly he has to catch a down day eventually. Twice in the last 6 months he declared a move up in US markets as a '3 day dead cat bounce', and in each case it turned into a significant up move over roughly two months. UVXY has been the worst performing etf on the market since mid-October. An absolutely horrendous play. He's hit it at every level from 12.90 to 7. His original call occurred at 11 and he said 20 by end of year. We are 7.46.


Oh yea, I hear ya, well aware of how poorly UVXY has done over last several months even with market way down.
 
OMG the market is sharply down, who would have thunk....

:D:D:D
%%
LOL\ thunk\
sunk\
elephant trunk\sell signal .
I actually wanted some more UPRO today but same thunk\
sunk \
elephant trunk\ sell signal . But last week of DEC most likely a good Saint Nick rally.NOT a prediction :D:D
 
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