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Flight to Safety Imminent in the Market


UGLD, Flight to Safety Earnings China Effect

The overall market has become the headliner with the China effect.

Released on Tuesday, January 29, 2019, 6:00 AM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - The market looks like it is a poor earnings report and other negative story away from giving back much of the gains it has worked hard for the last 4 weeks with the NASDAQ moving from under 6200 to over 7000. The DOW has moved from under 22,000 to over 24,500. Those gains could be gone in a flash. Major players already began their partial move out of the markets yesterday with the bad news by NVIDIA (NASDAQ:NVDA) and Caterpillar (NYSE:CAT), both affected by weakness in China.

Apple, Inc. (NASDAQ:AAPL), Advanced Micro Devices, Inc. (NASDAQ:AMD), and several other major names will be reporting earnings today, January 29th, 2019. AAPL and AMD are both likely to discuss ramifications due to weakness in China. How systemic is the China Effect? The China Effect even hit Caterpillar. A flight to safety is extremely close to occurring.

If a flight to safety occurs, investors will move towards volatility instruments and into gold, silver, and any other commodities that look attractive right now such as oil. Gold and silver mining and oil companies can lag against the potential move in gold, silver and oil, so many investors trade the leveraged ETFs that are directly related to specific commodity prices including VelocityShares 3X Long Gold ETN (NASDAQ:UGLD), ProShares 2X Ultra Silver (NYSE:AGQ), and VelocityShares 3X Long Crude Oil ETN (NYSE:UWT). Volatility is risky to trade, but it can be traded through ProShares Ultra VIX Short-Term Futures (NYSE:UVXY). UVXY is meant for very short-term trading. UVXY generally goes up when the market is going lower.

Several stock market pundits felt like the signs in the market on Monday were about as clear as it gets, and that the China effect may be widespread right now. The odds of a flight to safety appear high at the time being.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 18 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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