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Post by theMist on Jan 11, 2017 11:29:03 GMT -5
Adding a little more UVXY long...nibbling (8k out of 30k max)
VXX successful backtest 5min. Still needs to get back above 22.41 to confirm double bottom.
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Post by Herceg on Jan 11, 2017 11:38:06 GMT -5
Mkt. took a nosedive when Trump came on...................Up huge since election but just a reminder..............mkt. up 8% when Reagan elected followed by 20% decline in first year......................deja-vu possible...............
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Post by theMist on Jan 11, 2017 11:38:26 GMT -5
10k long UVXY out of 30k
sorry meant 9k out of 30k. 6.47 avg
will hold at that for now
VXX dropping back to retest line on 15min chart. Needs to bounce back off that line.
Can't post charts fast enough. lol
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Post by theMist on Jan 11, 2017 11:49:36 GMT -5
Jury is still out Exit strategy: Once we get confirmation of short term double bottom (VXX above 22.41), SCAMs should continue to move higher and take out that upside BREAKAWAY GAP (VXX 23.62, UVXY 7.47). Hold at your own risk after that eventhough they can overshoot the GAP. Would start to look to average in reshorting SCAMs after GAP gets filled. Definitely not easy holding long position in SCAMs, they swing wildly.
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Post by jacksrbtr on Jan 11, 2017 11:55:03 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 Glad to hear - afterall "No tickee - no shirtee! Bwahahahaaaa!
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Post by walnut on Jan 11, 2017 11:58:33 GMT -5
God Emperor Trump is speaking.
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Post by theMist on Jan 11, 2017 11:58:46 GMT -5
S&P is following Huhs projected move with forming a short term larger top. As soon as S&P hit support, SCAMs dropped. Good call Huh
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Post by theMist on Jan 11, 2017 12:08:21 GMT -5
lmao - are you guys watching Trump?!
Your fake news! Your fake news! Not you! lmao
That's good for a 2 cent move to upside in SCAMs. ROFLMAO
It will be a miracle if markets don't crash on inauguration day. lol
VXX 15 min failing backtest. Needs to get back above that line. The all in move is confirmation of double bottom and will probably start with overnight move. IMO
S&P is definitely gyrating and swinging back and forth (with SCAMs lol) - another sign of top
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Post by walnut on Jan 11, 2017 12:21:19 GMT -5
Holy crap! I laughed out loud when he shut than CNN guy down
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Post by theMist on Jan 11, 2017 12:24:38 GMT -5
Holy crap! I laughed out loud when he shut than CNN guy down It's definitely going to be a wild ride in the markets with Trump as President. lol New Trump indicator: Go short markets just before news conference. lol
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Post by theMist on Jan 11, 2017 13:08:15 GMT -5
lmao Look at Biotechs!
Thanks to Trump
I got to start watching Twitter again. lol
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Post by theMist on Jan 11, 2017 13:30:38 GMT -5
I may change my share allocation for UVXY long to 20k long max and keep it small. Still keeping it small though for now (9k long UVXY with 6.47 avg). All depends on when it makes its move. Only because I may be interrupted with commitments coming up. Wife! lol VXX updated chart
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Post by walnut on Jan 11, 2017 13:57:11 GMT -5
What a tricky day to try to play the scams. I'm glad I have sat it out.
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Post by theMist on Jan 11, 2017 14:07:19 GMT -5
What a tricky day to try to play the scams. I'm glad I have sat it out. Definitely difficult trying to time a spike in them and calling a short term bottom and going long SCAMs. Definitely not recommended. Can still go either way. Easier money (like you said) is shorting the spikes. Being that I'm up a lot, I can take more chances hoping to catch an overnight move. I know they will spike higher just a matter of time BUT don't really want to watch them take another leg lower. S&P is definitely putting in a short term top. I expect the spike in SCAMs to be real quick and not last very long. Holding long above the GAP fill is very risky. IMO. But could be wrong and it overshoots by a lot and turns out to be a REAL correction. BTW - The more time it takes to form this S&P topping pattern, the more downside pressure in SCAMs. This whole VXX double bottom pattern (range) can turn out to be a bear flag for another leg lower. I won't like it if VXX drops to retest $21.63 and starts to break. Good place to have a stop in. Can always rejoin trade down road OR just simply reshort the spike. For now, I still see a small pullback in S&P for short term.
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Post by theMist on Jan 11, 2017 14:40:38 GMT -5
Not good -- VIX SCAMs still searching for a bottom. Unless market starts to sell hard, pressure on them still to downside. Hoping now that quick leg lower was it for now and was headfake. But then again hoping.
Still holding...but barely. Waiting to see what happens in final hour.
Probably saving the selloff for Inauguration day. lol
Walnut - what are you seeing for daily contango rate? Rising back up?
Huh, when do you expect the S&P to break down?
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Post by jacksrbtr on Jan 11, 2017 14:57:47 GMT -5
Re: God Emperor Trump is speaking.
Thats funny as hell! Just so happens I was in with the cardiologist a couple hrs ago and the Med Network's headlines across the bottom of the screen read "Trump says pharmaceutical companies are getting away with murder." I pointed it out to one of those pharma reps in the office trying to get the doctors attention. She didn't like it. Bwahahahaaaa!
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Post by jacksrbtr on Jan 11, 2017 15:00:44 GMT -5
lmao Look at Biotechs! Thanks to Trump I got to start watching Twitter again. lol Bwahahahaaaaa! Ya know if he keeps that shit up he'll absolutely DESTROY the news media!!! WHO will need them to interpret the news for us FOX and CNN alike?
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Post by walnut on Jan 11, 2017 15:02:24 GMT -5
Contango is holding steady at 12.60, the VIX index is at 11.44, there is no hint of trouble showing up yet. The curve is as perfect as it ever looks. Not good -- VIX SCAMs still searching for a bottom. Unless market starts to sell hard, pressure on them still to downside. Hoping now that quick leg lower was it for now and was headfake. But then again hoping. Still holding...but barely. Waiting to see what happens in final hour. Probably saving the selloff for Inauguration day. lol Walnut - what are you seeing for daily contango rate? Rising back up? Huh, when do you expect the S&P to break down?
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Post by walnut on Jan 11, 2017 15:04:15 GMT -5
I can't believe it but Trumps strong press conference actually seemed to give this market a second wind.
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Post by theMist on Jan 11, 2017 15:04:44 GMT -5
Thx Walnut
It's going to take more time and probably will happen with overnight move when no one expects it. S&P is still topping out.
What is daily rate? still same 1/2 percent?
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