Market opens in the red, but without absolute, pure wrath. Was down briefly -100, then rallied slowly to about -35 or so and is ranging.A lot of opinions out there about the euro, which is basically rudderless. FXE is at 126.93 (-0.58, -0.45%) with a negligible range. Meanwhile, EUO (short-euro vehicle) is +1.22% at 23.30 with a range of 23.22 to 23.34. Woww...
I took a partial position in VXX too early, at 26.35, and sold at 25.95 for a small loss (3/10ths of 1% of the account value). VXX dipped to 25.58, now back to 26.06. Though it's a momo ETN, it still has some wandering ways about it like just about every stock today. Directionless. Not much in the way of news, good or bad.
AAPL has meandered from a low of 250.50 to its current 251.48. NBG is off its 2.91 low, now 2.95. Other Euro banks like IRE (8.31, -0.27, -3.03%) have given up a bit of yesterday's massive gains.
Early winners include DNDN (46.14, +2.32, +5.3%) and UGL 54.39 (+1.81, +3.45%). I can't even remember what UGL is.
Is there an ETF or ETN that trades on market flatness? That would be funny. Really. Supposedly, VXX can trade higher on volatility caused by a big run-up, but from what I've seen, that's bullshit. VXX has gone up only when the market is crapping itself and heading way down.
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