Markets were down big last Friday, up big Monday, down big Tuesday. Today, Wednesday, market is around flat.
Markets look weak and tomorrow could be another big down day. Went double short the SP500, SDS, at 17.15.
VXX, Barclays Bank iPath S&P 500 VIX Short Term Futures, 41.15 +0.07
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Wednesday, September 14, 2016
Wednesday, September 07, 2016
September 7, AG stronger than silver
DJIA 18,502 -36.19
NASDAQ 5,271 -4.69
NYSE 10,876 -14.54
SP500 2,183 -3.36
Monday was Labor Day holiday. Yesterday, Tuesday, silver and AG were up strongly. Today silver is giving back some of the gains while AG is looking to stay flat. Therefore AG is relatively strong compared to silver.
Bought more AG at 13.22. Previous close was 13.32 and AG will show strength by closing there.
NASDAQ 5,271 -4.69
NYSE 10,876 -14.54
SP500 2,183 -3.36
Monday was Labor Day holiday. Yesterday, Tuesday, silver and AG were up strongly. Today silver is giving back some of the gains while AG is looking to stay flat. Therefore AG is relatively strong compared to silver.
Bought more AG at 13.22. Previous close was 13.32 and AG will show strength by closing there.
Friday, September 02, 2016
September 2, Friday before Labor Day, long silver
Broad indices opened higher, sold off sharply at 12:30, and are attempting to retrace higher.
Went long AG at 12.23, a miner which is a proxy for the price of silver. This could be a several day or several week hold. A few weeks ago it made 18s, and now looking for a partial retracement of that price.
Went long AG at 12.23, a miner which is a proxy for the price of silver. This could be a several day or several week hold. A few weeks ago it made 18s, and now looking for a partial retracement of that price.
Thursday, September 01, 2016
September 1, flat into long weekend
Thursday, with one day before the long Labor Day weekend, look for broad indices to close slightly higher tomorrow (Friday). Many vacations are starting today, so volume should be even lighter tomorrow. Sold the short SP500, SDS, for essentially no gain.
Sold the DUG, ProShares UltraShort Oil & Gas, at 48.76 for 2.07 per share gain. This can continue to run further.
Sold the DUG, ProShares UltraShort Oil & Gas, at 48.76 for 2.07 per share gain. This can continue to run further.
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