Again watch the dollar currency at 75. Watch the VIX closely as well. The stock market is continuing to remain above the 13 day moving average and 13 day moving average is still going up.
It seems like the dollar currency is breaking down below 75 and VIX is at 20 support level. If VIX breaks below 20, the market will continue to go higher.
I just have a feeling that the stock market will continue to go higher till end of this year. It is probably another 10% upside. In the meantime the spot gold will form a bubble. The dollar currency will will low 70s.
We want to let you know that effective December 1, 2009, the Financial Industry Regulatory Authority (FINRA) is implementing increased customer margin requirements for leveraged Exchange Traded Funds (ETFs). FINRA believes these higher margin levels are necessary in view of the increased volatility of leveraged ETFs compared with their non-leveraged counterparts.
In response to these mandatory regulatory revisions, TD AMERITRADE has decided to make the following changes to our margin requirements:
* Effective December 1, TD AMERITRADE is increasing the maintenance margin requirements for leveraged ETFs and associated uncovered options by a factor proportionate to their leverage (for example, 2X or 3X). * We will change our margin requirements to 60% for double-leveraged ETFs and 90% for triple-leveraged ETFs. * Uncovered short options will have a margin requirement increase to 60% or 90%, based on the leverage factor of the underlying security. The base requirement for naked options will be modified to correspond with the equity margin requirement. * You will be limited to regular buying power (not day trading buying power) for any opening trades in leveraged ETFs.
As a result of these new margin requirements, if you hold a position in a leveraged ETF, or an option overlying a leveraged ETF, overnight on November 30, you may be at an increased risk of receiving a margin call on the morning of December 1, after these new changes have gone into effect. We urge you to monitor such a position closely. Otherwise, no action is required on your part.
It seems like the dollar currency is breaking down below 75 and VIX is at 20 support level. If VIX breaks below 20, the market will continue to go higher.
ReplyDeleteSPY will probably close above 111.00 and QQQQ above 44.00 today.
ReplyDeleteI just have a feeling that the stock market will continue to go higher till end of this year. It is probably another 10% upside. In the meantime the spot gold will form a bubble. The dollar currency will will low 70s.
ReplyDeleteCan't beat the govt's printing presses and easy money.
ReplyDeleteI can't wait to see this thing unravel and crash.
eptle
http://www.lebed.biz/thedollarbubble.html
ReplyDeletesconseck
Have a great Thanksgiving!!!
ReplyDeleteSee you all next week.
Changes are afloat on 2x and 3x ETFs
ReplyDeleteDear Valued Client,
We want to let you know that effective December 1, 2009, the Financial Industry Regulatory Authority (FINRA) is implementing increased customer margin requirements for leveraged Exchange Traded Funds (ETFs). FINRA believes these higher margin levels are necessary in view of the increased volatility of leveraged ETFs compared with their non-leveraged counterparts.
In response to these mandatory regulatory revisions, TD AMERITRADE has decided to make the following changes to our margin requirements:
* Effective December 1, TD AMERITRADE is increasing the maintenance margin requirements for leveraged ETFs and associated uncovered options by a factor proportionate to their leverage (for example, 2X or 3X).
* We will change our margin requirements to 60% for double-leveraged ETFs and 90% for triple-leveraged ETFs.
* Uncovered short options will have a margin requirement increase to 60% or 90%, based on the leverage factor of the underlying security. The base requirement for naked options will be modified to correspond with the equity margin requirement.
* You will be limited to regular buying power (not day trading buying power) for any opening trades in leveraged ETFs.
As a result of these new margin requirements, if you hold a position in a leveraged ETF, or an option overlying a leveraged ETF, overnight on November 30, you may be at an increased risk of receiving a margin call on the morning of December 1, after these new changes have gone into effect. We urge you to monitor such a position closely. Otherwise, no action is required on your part.
clabseci