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Post by Herceg on Jan 11, 2017 9:57:41 GMT -5
scams holding up thus far....
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Post by novie08 on Jan 11, 2017 10:01:09 GMT -5
scams holding up thus far.... The fundamentals of these things baffle me, you'd think they would be waaay down. Hesitate to post this as it could cause a huge selloff in UVXY.
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Post by theMist on Jan 11, 2017 10:04:38 GMT -5
scams holding up thus far.... Still holding my small position UVXY long hoping for an overnight move any day now that sends markets into a mini fast spiral downward to S&P 2230-40 range. S&P chart still looks bearish for short term.
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Post by theMist on Jan 11, 2017 10:09:18 GMT -5
walnut
So I guess my BREAKAWAY GAP theory along with closes outside of lower BBs for VIX SCAMs (hence seeing them oversold in short term), kind of lines up with dropping daily contango rates as well. I didn't do the calculation for today but I'm pretty sure it will be very near to yesterdays rate.
They are holding up amazingly and I suspected they would start to trade broken (for lack of better term).
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Post by walnut on Jan 11, 2017 10:12:22 GMT -5
Yeah i think so. Very soon I am going to make a spreadsheet that will use live data from my Interactive Brokers account and calculate that in real time.
I already have a live contango ticker set up on my account
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Post by walnut on Jan 11, 2017 10:13:43 GMT -5
"my BREAKAWAY GAP theory along with closes outside of lower BBs for VIX SCAMs (hence seeing them oversold in short term),"
I definitely am on board with this stuff
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Post by theMist on Jan 11, 2017 10:15:28 GMT -5
Are you also able to get real time data for Indicative Values? ^tvix-iv ^uvxy-iv
I used to use Interactive Brokers years ago for a short time. I know Scottrade isn't the greatest BUT I do really well with my current setup.
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Post by jacksrbtr on Jan 11, 2017 10:15:36 GMT -5
Jeff Gundlach says the bond bull market is dead if the 10-year hits 3.00%. During the presentation of his 2017 outlook, Gundlach said a move to 3.00% and above would have "a real impact on market liquidity in corporate bonds and junk bonds." Will this drive more money into equities? The bond markets are huge. "HUGE!" Geez Novi yer starting to sound like Trump!!!! lolol!
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Post by theMist on Jan 11, 2017 10:19:32 GMT -5
Jeff Gundlach says the bond bull market is dead if the 10-year hits 3.00%. During the presentation of his 2017 outlook, Gundlach said a move to 3.00% and above would have "a real impact on market liquidity in corporate bonds and junk bonds." Will this drive more money into equities? The bond markets are huge. I think the major move out of Bonds and into equities already took place after the elections. Equities are running on fumes right now - at least for the short term. IMO
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Post by walnut on Jan 11, 2017 10:21:30 GMT -5
Are you also able to get real time data for Indicative Values? ^tvix-iv ^uvxy-iv I used to use Interactive Brokers years ago for a short time. I know Scottrade isn't the greatest BUT I do really well with my current setup. Yes I have those tickers
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Post by theMist on Jan 11, 2017 10:24:26 GMT -5
Are you also able to get real time data for Indicative Values? ^tvix-iv ^uvxy-iv I used to use Interactive Brokers years ago for a short time. I know Scottrade isn't the greatest BUT I do really well with my current setup. Yes I have those tickers Yeah, its defintely real important to have. Always good to know premium. I put the call into Scottrade - I really need to have real time IV data and possibly daily contango rate ticker. Might be available on Scottrader Elite platform.
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Post by walnut on Jan 11, 2017 10:33:33 GMT -5
Bulkowski thinks that the market is weak and rolling over for small correction gradually.
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Post by theMist on Jan 11, 2017 10:38:40 GMT -5
Bulkowski thinks that the market is weak and rolling over for small correction gradually. Good to know the Ducks are lining up... And SCAMs are green. lol
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Post by theMist on Jan 11, 2017 10:52:23 GMT -5
Gotta love the protestors on CNBC Rex Tillerson confirmation heaing. lol VXX Chart - Need breakout to upside. I still suspect the real move will happen with an overnight move. A break below $21.63 (or gap down) and VXX takes another small leg lower. If this isn't a short term bottom, then I feel we are very close to it. IMO
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Post by walnut on Jan 11, 2017 10:54:43 GMT -5
Weatherman says we are getting an ice storm friday and or 5" of rain. So I am going to go out and try to fix some problems around our basement that gave trouble during the last big rainy spell. Way too much water getting in last time
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Post by walnut on Jan 11, 2017 10:56:06 GMT -5
Mist maybe we are getting close to that VXX breakout
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Post by theMist on Jan 11, 2017 11:02:41 GMT -5
Mist maybe we are getting close to that VXX breakout Just did - just made small move above line - should backtest that line BUT can still run higher and not look back. VXX rises above 22.41 and we have confirmed double bottom (Bulkowski). My gut is telling me that $21.63 is the short term bottom but can't go by that. lol And I still feel the move downward in markets will really start with an overnight move. IMO Good day to add a little VXX, UVXY long. Can always put in stop order at all time low. By all means, this is not an all in situation.
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Post by theMist on Jan 11, 2017 11:08:19 GMT -5
Just heard back from Scottrade.
Sucks - Their platform doesn't offer real time Indicative Value or contango daily rate tickers. Their platform doesn't support it. Hopefully, that will change over time with merger with TD Ameritrade but I'm sure they are sifting through a ton of regulatory stuff and will be awhile before completion of merger.
The reason why I like Scottrade is because I very rarely run into hard to borrow issues with shorting the SCAMs. Do any of you have any issues with borrowing shares to short the SCAMs with other brokers?
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Post by walnut on Jan 11, 2017 11:18:38 GMT -5
Well, I had to program the contango ticker using the Interactive Brokers API. I created a synthetic security and then named a ticker for it.
The neat thing about Interactive Brokers is that you can build autotrader "bots" that connect using their TWS API. Last year I wrote an arbitrage auto trade program in Java that actually works. It trades, but it did not seem to make money. It was a dividend capture program.
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Post by theMist on Jan 11, 2017 11:24:04 GMT -5
Huh, maybe we'll get that DOW common gap fill and hit 20K today and then... lol
VXX backtested that line, dropped below it and just shot back above it. Looks to be confirming. Still say real big move will be an overnight move and looking more and more like VXX 21.63 is short term bottom. IMO
DOW just filled the GAP, markets should turn back lower now
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