HI STOCKAHOLICS! Happy 4th of July weekend! Remember, markets are closed Monday! Week ahead: Stock market roller coaster won't stop Patti Domm | @pattidomm "Now cooler heads prevail. I was scared to death telling clients to buy last Friday morning, but we had a very high conviction it was the right thing to do, simply because what we saw led us to believe that even with the surprise outcome, investors were completely over-hedged for the situation," said Julian Emanuel, equity and derivatives strategist at UBS. He noted that the over hedging is apparent in the more than 40 percent decline in the VIX, the CBOE Volatility Index, this past week. Friday, 1 Jul 2016 | 4:46 PM ET The rapid switch in financial markets from absolute fear over the U.K. referendum to cautious acceptancesuggests volatility could stay high, as investors await Friday's June employment report. "Market volatility does not necessarily mean down," he said, adding that "we think the bias is higher into year end." ----------------- Market map for the past week: Not much on the earnings side this week:
mmm, that SQQQ trade i took will be in the green, might take my money and run cause i dont see us pulling back too hard, atleast i dont recall a recent time we sold off, rally back almost all of the loss and then sold off again so quickly.
August 24th sell off in 2015. That was a big sell of with quick rebound and then turned lower again to test the lows. Similar in many respects to the Brexit move, so far. Of course like all other drops over the last two years, it was short lived.
none, woke up, went to work, got off this morning lol the quick rebound after the 24th sell off wasnt a rebound of the whole move though, it was the typical 50% retracement, then it sold off again.
US oil reserves surpass those of Saudi Arabia and Russia The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world's biggest exporting nations, according to a new study. Rystad Energy estimates recoverable oil in the US from existing fields, discoveries and yet undiscovered areas amounts to 264bn barrels. The figure surpasses Saudi Arabia's 212bn and Russia's 256bn in reserves. The analysis of 60,000 fields worldwide, conducted over a three-year period by the Oslo-based group, shows total global oil reserves at 2.1tn barrels. This is 70 times the current production rate of about 30bn barrels of crude oil a year, Rystad Energy said on Monday.
I was just referring to the shock sell off August 24, 25 followed by the quick rebound. That move looked similar to Friday and Monday of the post Brexit vote, including ATH action on the day before the 24th. But yeah not a good comparison considering the down moves that proceeded the 24th.
ahhh....there it is.... now because of the way oil has been moving based on speculation vs fundamentals for the past couple of years....lets see where the markets close this week
