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Post by dino on Sept 9, 2016 10:25:56 GMT -5
Echoing Herceg... I can't tell if this market is coming or going. Consolidation or Distribution. SPX has been bouncing around it's 20 day SMA since 8/2/2016. Wicks on candles above the 20 day, tails on candles below the 20 day. Small range. WTF. Big gap down below that 20 day sma - that's one way to take of it. Cut right through the 50 day sma as well. Volume a little above avg but nothing crazy so I'm leary of this move - could just be another bear trap.
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Post by clinton on Sept 9, 2016 11:17:14 GMT -5
sold other half of SPXU 23.99
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Post by novie08 on Sept 9, 2016 11:27:15 GMT -5
Guess we were due for a day like this. Just don't know whether to go long just yet.
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Post by Herceg on Sept 9, 2016 11:37:07 GMT -5
Finally some noticeable moves...............watching NGUT but would hope to get it sub 18 for a starter.............
JMO and BOL..........
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Post by Herceg on Sept 9, 2016 11:40:37 GMT -5
2140 area important for hold or could see further declines next week......
Again JMO and BOL...............
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Post by novie08 on Sept 9, 2016 11:55:52 GMT -5
Gold futures just went (very barely) positive but I'm too afraid of the 3X etfs.
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Post by dino on Sept 9, 2016 12:04:17 GMT -5
TVIX daily volume today the most in the past year and the day isn't even over yet.
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Post by dino on Sept 9, 2016 12:17:44 GMT -5
If SPX 2147 doesn't hold, I think we see a back test of the 2121 area which if that holds, would be very bullish imo.
2121 to 2131 was the top of a range we were stuck in from February 2015 to July 2016. We broke out of it in July so a back test would be healthy. 20 week sma currently is in the same area.
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Post by huh on Sept 9, 2016 13:02:15 GMT -5
... hero or zero time coming up shortly Yep, I'm feeling like a big ole zero. S&P close to backtesting last year's high, but that better hold because really nothing under that for quite a while.
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Post by huh on Sept 9, 2016 13:12:40 GMT -5
Hopefully that should just about complete our holiday reversal week. And as always, thank you for flying with Algo Air
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Post by clinton on Sept 9, 2016 13:42:48 GMT -5
bought more AKS avg cost now 4.25
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Post by dino on Sept 9, 2016 15:15:53 GMT -5
Just sold my tvix ah +5%. We're close to that backtest plus it's hard to risk that huge run it made today.
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Post by huh on Sept 9, 2016 15:20:30 GMT -5
What a crappy day. I got stopped for losses on all 3 positions.
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Post by clinton on Sept 9, 2016 15:47:19 GMT -5
Nice close, triggered 1/3 SDS sell
what a day, my account hit all time high.
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Post by jacksrbtr on Sept 9, 2016 17:47:51 GMT -5
Gold futures just went (very barely) positive but I'm too afraid of the 3X etfs. And to think we all used to trade FAS with wild abandon...of course THAT was during that incredible raging bull mkt the likes of which we'll prolly never see again.
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Post by walnut on Sept 10, 2016 14:47:15 GMT -5
I am sure I caused that drop. I tried a little dividend capture trade Thursday, and whoop, just like that. Glad I only bot a little and got out Friday morning. Monday might be interesting.
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Post by jacksrbtr on Sept 11, 2016 19:56:01 GMT -5
Nice close, triggered 1/3 SDS sell what a day, my account hit all time high. WTG Clint!!! Congratz!!! But what I really wanna know is how did your tomatoes do this year? I'm still getting them coming out the whazoo.
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Post by clinton on Sept 12, 2016 9:40:07 GMT -5
Nice close, triggered 1/3 SDS sell what a day, my account hit all time high. WTG Clint!!! Congratz!!! But what I really wanna know is how did your tomatoes do this year? I'm still getting them coming out the whazoo. tomats sucked I got a new batch coming in hopefully they fruit before snow. haha
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