@joejustjoe I have to say I am very impressed with your take on the markets, I am looking forward to hearing from @traderglen as well.
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@joejustjoe I have to say I am very impressed with your take on the markets, I am looking forward to hearing from @traderglen as well.
I don't think TraderGlen gives much market commentary. I "earned" my "troll" status becuase I do.:-) Btw, no need to thank me for my work on today's UA rally...as "promised." it's what I do. :-)
I going to hold UA and USO most likely until the end of the trading day, but we shall see. Nice work Joe.
I'm focusing on the sexy VIXens today. I'm already long the VIX to $11 by 7/21. I am "expecting" UVXY to trade to a new 52 week low. I am "targeting" the 8.55 area as a long term buy and hold price. It can actually be bought and held right now but...I'm a "perfectionist" I guess. :-)
You have guts I will say that. I am sure you will do well.
Dollar looks like it'll be running like a scalded dog soon too. That makes sense of course since dollars and U.S. govmint debt will soon be two of the world's only "safe havens." This chart already gaurantees a move thru 25.20 and it has already generated the first leg of my short term buy signal. Once it trades belowst 24.71, watch out if you are shorting the dollar. Just letting you know early so you don't get caught in teh tunnel with a 200 mph light coming at you like a nightmare. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uup&x=47&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11