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Block Traders? XBI Forecast: a Sequel
A month ago, to illustrate the capabilities of block traders to appraise the near-future price prospects for stocks and ETFs, we proffered the XBI Biotech SPDR as an example.
Here is an update.
At the time of the prior post, the forecast was for an upside potential price of $54.47 (+4.1%) and a downside of $49.39 (-5.6%). [...] » Block Traders? XBI Forecast: a Sequel
The VIX as a directional market indicator
The VIX index, a measure of anticipated market VOLATILITY or UNCERTAINTY, gets labeled the “fear index” and appears to jump around almost erratically.
Unless you are skilled in options trading, the VIX may only be a curiosity.
Now there are both VIX futures (CBOE/FCE) and a VIX-related ETN (VXX) available to play with. Don Fishback has [...] » The VIX as a directional market indicator
Heavy Metal rocks while Dollar reels
Precious metal ETF buys have less to do with the wedding season in India than they do with the US Government’s cure-all for every problem: Spend dollars that have to be printed, not gathered from taxation.
Despite the fact that it doesn’t seem to be getting either more Swine Flue vaccine on the scene or more [...] » Heavy Metal rocks while Dollar reels