Wednesday, June 5, 2013

The Buy the Dippers Ran For Their Financial Lives...


Oh yes they did!  The market went down and the Market Makers took them to town!

Since I've got such a big chunk of my portfolio invested in VIX ETFs, one would expect my portfolio to be giving the conviction bulls a run for their money.  But no!  I had to be a few months too early and sit through a 30 to 50% off sale on UVXY, VXX, and TVIX...

Some of the calls I picked up along the way caused a massive drop in my SBA too, but I was able to take profits on EWJ puts and buy a few front-running puts at pennies on the dollar...


If the sell-off continues, SPXU (+4.29%) could become my best trend...

$40.37 is the 52 week 50% Fib level... don't know if it'll get there though.


Overall, I'm still up on the day by a small fraction... incredible, really!


-3.74% SBA
+1.79% Roth IRA

-1.43% DJIA
-1.27% Nasdaq
-1.38% S&P 

-2.12% FTSE
-1.53% Eurofirst
-3.83% Nikkei
-0.07% Shanghai
+0.11% SENSEX (only overseas market that managed to get some green today)
-0.97% Hang Seng

+0.39% WTI
-0.33% Brent
+0.31% Gold
-0.01% Copper
+0.15% Corn

+0.59% GBP/USD
-0.81% USD/JPY
-0.73% EUR/JPY
+0.50% EUR/GBP

-1.90% DJT
+6.88% VIX

-1.73% 10-Year US Treasury Notes



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