Whether you are long or short volatility ETP’s, you really ought to know what you are trading. Here are a few essential facts about UVXY, VXX, TVIX, and VIXY: UVXY – ProShares Ultra VIX Short-Term Futures ETF Inception date: October 3, 2011 Expense ratio: 0.95% Optionable: Yes VXX – iPath S&P 500 VIX Short-Term Futures ETN…
A slight pause in the U.S. markets yesterday may find the major averages resuming their upward trend near term and as overseas markets continue to rally. A good many headlines continue to excite and build on investor sentiment in the U.S., but let’s quickly take a reading of overseas markets before digging into some corporate…
Entering this week, the major averages remain at all-time record levels. The CES began this weekend in Las Vegas. I’ve been to the show many a time over the years. There are generally 3-4 venues housing different categories of technology be them household, mobile, gaming, healthcare devices or automotive. It’s a pretty fascinating show packed…
It is hard to find a “talking head” in the media that isn’t able to justify the persistent rally in the major indexes and more recently the Dow Industrial Average crossing 25,000. In short, they are always able to offer that the end is justified by the means. With the end being Dow 25,295 as…
Equities continue to roar higher, ending the first trading week of the New Year with all major averages hitting record highs. The Dow, after crossing 25,000 yesterday did nothing but expound upon the rally that has been in place for the last 14 months. At the closing bell, the Dow Industrial Average is eyeing 26,000…
Today I received a heartbreaking e-mail from one of my YouTube subscribers: I just watched your YouTube video about losing money in the stock market. To be honest with you, I’m going through quite a hard time right now. This is probably my second or third attempt at trading after failing before and I’m currently…
And the beat goes on… with the three major indices surging above high water mark levels in 2018. The Dow was the last major index to seek out and conquer a whole number as it marched above 25,000 in yesterday’s trade. The S&P 500 rose 10.93 points, or 0.4%, to close at 2,723.99. The Nasdaq…
The temptation to buy UVXY/TVIX/VXX/VIXY/etc. when the VIX is low can be pretty strong at times. As I write this, it’s the third consecutive bright green day for the S&P 500; yesterday the VIX closed barely above 9. Surely that was an ideal time to buy UVXY, right? Wrong. As we can see in the…
With the S&P 500 clearing the 2,700 level and the Nasdaq clearing the 7,000 level there is but one more milestone to have been achieved. That milestone achievement will come from the Dow Industrials clearing or touching the 25,000 level. Ahead of this likely accomplishment we expect to see some key components of economic data…
Autos, no autos, as sales for the big three U.S. automakers came in today! General Motors Co. said December sales slipped 3.3%, to 308,539 vehicles. The nation’s largest auto maker posted solid gains in pickup trucks and crossover SUVs—among its most profitable products—and posted record sales for the year in both categories. Analysts were pleased…
