Essential long positions for creating support cannot be built with such wild swings due to the absence of full orders being filled. The action is essentially getting away from the market makers for short term volatility trades.
Am I missing something or is SVXY not being liquidated? Looks like the article I read got taken down and I can't find a release where Proshares is stating termination like CS did on XIV?
Good morning Stockaholics! The pre-market thread is now up- <-- click there to read! Hope everyone has a good trading day ahead today!
welp, sold my LABU for a hefty gain, was tempting to stay in, but holding x3 levereged etfs in a volatile market is always a bit worrisome lol. if we get another wild ride back down, i will be there waiting to buy again.
Nice rally again after that terrible Monday Yields are rising again though, could give some trouble to equities again if rates continue to rise especially those high flying tech stocks. NASDAQ seems to be lagging today
WTW taking off. Going to offer free memberships to teenagers, as young as 13? Setting sales goal of $2B ($1.25B ttm). This is seriously outperforming NTRI.
Historically a Slow Road to Recovery After DJIA and S&P 500 Daily Losses of 4% or More Monday’s greater than 4% declines by DJIA and S&P 500 was just the 98th such time since 1930. To put this number into context, the market has traded a total of 23,130 days since then as of today. The last time DJIA and S&P 500 both declined more than 4% in a single day was in August 2011 when U.S. government debt was downgraded. Prior to then, there were numerous occurrences throughout the financial crisis of 2008 and into early 2009. Historically, both DJIA and S&P 500 were already in downtrends a vast majority of the time when the 4% or greater single-day losses took place. This is visible in the chart of DJIA and S&P 500 performance 30 trading days before and 60 trading days after above and in the 3-Month performance before the decline in the tables below. Comparing the historical record from 1930 to present or 1950 to present, performance 1-month after the decline is mixed. Average performance is slightly positive and DJIA and S&P 500 are higher only slightly better than half of the time. After 3-months, frequency and magnitude of gains improves, but remain tepid. Further modest improvement is seen at 6-months. However, a full year after there is a significant jump in frequency and average performance especially since 1950. Spoiler: CLICK HERE FOR THE S&P 500 TABLE Spoiler: CLICK HERE FOR THE DJIA TABLE
Market holding up very well despite higher interest rates Of course it could be another big test when the 10 year gets closer to 3%
