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…
The major indices got off to a strong start in the New Year yesterday with all three major averages climbing to record levels with five of the 11 primary S&P 500 sectors gaining more than 1% on the day. Both the S&P 500 and the Nasdaq hit intraday records in the final minutes of trading.…...
So, you’re thinking about shorting UVXY/TVIX/VXX/VIXY/etc.? Or selling calls on UVXY/VXX? If so, please be advised that these types of trades have “undefined risk,” meaning that you could potentially lose not only everything in your brokerage account, but you could end up owing your broker even more money than you actually possess. All it would…
If you have less than $25,000 in your trading account, you might feel left out when you see short vol traders aggressively short-selling UVXY/TVIX/VXX or selling UVXY/VXX call options. Indeed, due to the typically high margin requirements, you might not even have permission from your broker to short-sell these ETP’s or to sell calls on…
It’s funny how whenever the stock market goes down more than a few percentage points (yes, that has been known to happen from time to time), the mainstream media dusts off their “MARKETS IN TURMOIL” graphics and pumps out opinion pieces asking the reader to consider whether this might be the beginning of the end…
