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Post by clinton on Jun 24, 2016 11:20:18 GMT -5
sounds like Gareth still short
GarethSoloway Markets likely need to test the overnight lows, if not today...then Monday.
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Post by huh on Jun 24, 2016 11:27:17 GMT -5
sounds like Gareth still short GarethSoloway Markets likely need to test the overnight lows, if not today...then Monday. If ES holds 2040 today, that'll be a BIG mistake IMO
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Post by huh on Jun 24, 2016 12:35:12 GMT -5
ES upside target ~2086.50 Backtest would occur 2040-2041 Overshot the backtest some while VX_F backtest a key confluence of resistance but now back to full bull again
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Post by dino on Jun 24, 2016 13:24:38 GMT -5
If ES bear flag to play out, it should turn down here 2050-2054 range imo. Maybe as high as 2063 but no more than that. It turned, and is currently at the bottom of the flag and sitting on some very good horizontal support (ES 2036). This has to hold imo or we may see another flush.
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Post by dino on Jun 24, 2016 13:27:29 GMT -5
If ES bear flag to play out, it should turn down here 2050-2054 range imo. Maybe as high as 2063 but no more than that. It turned, and is currently at the bottom of the flag and sitting on some very good horizontal support (ES 2036). This has to hold imo or we may see another flush. Bought some UPRO here. Time to go hide...
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Post by dino on Jun 24, 2016 13:33:49 GMT -5
SPX good support 2044. Lose that and we see 200 day sma at 2020.
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Post by clinton on Jun 24, 2016 13:42:03 GMT -5
for once in my life I think I got my hedge just right
account is +1% today not bad
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Post by clinton on Jun 24, 2016 14:15:38 GMT -5
from stocktwits
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Post by huh on Jun 24, 2016 14:33:22 GMT -5
Ouch. Looks like I was wrong about the market comeback for today. Ah well. At least now I have a good excuse to drink this weekend!
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Post by jacksrbtr on Jun 24, 2016 14:48:07 GMT -5
Ouch. Looks like I was wrong about the market comeback for today. Ah well. At least now I have a good excuse to drink this weekend! Hey man don't beat herself up you nailed it with your Market top call! Who'd a thought Brexit would be synonymous with a blow off top?
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Post by jacksrbtr on Jun 24, 2016 14:53:24 GMT -5
CGOOF bid/ask 3.34/3.37. HOLY CANNOLI!!!! Must repeat to self: Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position Don't sell, it's an LT position OMG, now 2.59/2.63 Huh? (Not you huh). You mixing up CNL.TO with CGOOF Dino? CGOOF was never 3.34/3.37 today.
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Post by huh on Jun 24, 2016 16:46:51 GMT -5
Ouch. Looks like I was wrong about the market comeback for today. Ah well. At least now I have a good excuse to drink this weekend! Hey man don't beat herself up you nailed it with your Market top call! Who'd a thought Brexit would be synonymous with a blow off top? I don't think that was the top, not quite yet. Only one part of it. Every one of these major, short term spikes in volatility have preceded a big jump in the indices
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Post by huh on Jun 24, 2016 16:51:14 GMT -5
DUST good sell point would be ~9.51, stop if under 8.50 DUST held 8.50. Can move stop up slightly to 8.59, sell point 9.50-10.00, with resistance @8.90 and hopefully gaps right over that resistance Monday (& if so, can move stop up quite a bit then).
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Post by huh on Jun 24, 2016 16:55:51 GMT -5
Odd show today. My long-only portfolio of individual stocks ended down only .29%, and was actually green for a bit today. Still good enough as an excuse to drink, but I do hope the next market movie installment comes in 3D. Cheers and have a good weekend all
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Post by dino on Jun 24, 2016 17:51:19 GMT -5
Huh? (Not you huh). You mixing up CNL.TO with CGOOF Dino? CGOOF was never 3.34/3.37 today. Yes is was! Not sure I could have unloaded my full position at that point, but I thought about it. My account was flying high.
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Post by dino on Jun 24, 2016 17:52:57 GMT -5
I started drinking at about 3:45 today btw. On the golf course. 82 and sunny in NE Ohio. And... The Cavs are still the NBA Champs. :-)
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Post by walnut on Jun 24, 2016 20:52:55 GMT -5
My VIX hedge actually worked. Short 2000 VXX and only down $300 over the week. But the position was and soon might be back up 25% over the last 3 months.
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Post by huh on Jun 26, 2016 9:03:31 GMT -5
Of all the upside targets I've posted needed for a blow-off top, all but two have hit. The ones that have hit are Gold, GDX (& CNL), IWM, XLF, XRT, LQD & VIX scams ST downside targets. Though not necessary for a blow-off, many upside targets for individual stocks have also been met (~20 of them since Feb).
However there are now only two names I've mentioned and think needed for a blow-off that haven't hit their targets yet. One of course is the S&P new high, and the other is AAPL ~116. So keep an eye on AAPL this next week. If it's going to hit that target, I think it'll have to at least begin the run for it this coming week.
I also have bullish calls on other individual names yet - MNKD, MSFT, GRUB, LVS, WATT & very recently IBB - but that's it now. And I do still expect VIX scams to hit their LT downside targets.
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Post by huh on Jun 26, 2016 9:06:44 GMT -5
One sector I'm really unsure about from here is gold miners. GDX hit the LT upside target I was expecting (27.50, DUST <8.25), so this is a tough one now. DUST could see significant upside, even if just so that GDX/GDM can fill their downside gaps.
But something keeps nagging at me that miners could perhaps consolidate up here a bit if at least to form a small topping pattern. We are coming up on window dressing for the first half of the year afterall, and pm miners have been the best performing sector.
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Post by jacksrbtr on Jun 27, 2016 6:25:39 GMT -5
Huh? (Not you huh). You mixing up CNL.TO with CGOOF Dino? CGOOF was never 3.34/3.37 today. Yes is was! Not sure I could have unloaded my full position at that point, but I thought about it. My account was flying high. 'Please 'splain to me then why Yahoo Finance only has CGOOFs range from 2.54-2.84 for Friday? Thanks.
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