RYNVX big change in market cap again

Updates in BLUE - RYNVX market capitalization increased $172Mil today, 3/9/17

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil

                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil

                                                                                   3/11/16        $52Mil

                                                                         3/14/16      $159Mil

                                                                                    3/1/17       $316Mil

                                                                                    3/3/17       $148Mil 

                                                                                    3/9/17       $319Mil

 

Note  The RYNVX increased $172Mil today, 3/9/17.  That is a whopping increase of $172Mil in market capitalization.  This could be interpreted as some were fearful of not being long in this Nova Fund. Is that fear bearish for the market?  It is possible that this "could" have come from some stock market newsletter writer advising their clients to buy.

When this Long Fund has big changes in market cap in a very short time frame, as it just did on 3/1/17, 3/3/17 & 3/9/17, not very sure if this will have any influence in the market.  We will keep an eye on this and let you know what happens.

Large & small dollar amounts of market cap in the RYNVX long fund displays Greed & Fear in the market...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results