|
Post by huh on Jan 12, 2017 9:42:42 GMT -5
People are so conditioned now to Bull market bounces and the Fed safety net that the coming downdrafts are going to feel veewy strange
|
|
|
Post by novie08 on Jan 12, 2017 9:44:07 GMT -5
Yep, now $31 and change. So now I'm showing to close the runaway gap we need 37.35...is that right? THX. Help!
|
|
|
Post by theMist on Jan 12, 2017 9:46:45 GMT -5
Yep, now $31 and change. So now I'm showing to close the runaway gap we need 37.35...is that right? THX. BREAKAWAY GAP at 37.35-36.55. UVXY GAP fill to 37.35. Hold at your own risk after that. Going to take some time. Be careful with chasing today. VXX BREAKAWAY GAP at 23.43-23.62 Also, the longer it takes to fill that GAP and if SCAMs recoil lower, then the larger the spike in volatility down the road. IMO Possibly UVXY 48, VXX 27
|
|
|
Post by huh on Jan 12, 2017 9:51:16 GMT -5
Yep, now $31 and change. So now I'm showing to close the runaway gap we need 37.35...is that right? THX. BREAKAWAY GAP at 37.35-36.55. UVXY GAP fill to 37.35. Hold at your own risk after that. Going to take some time. Be careful with chasing today. VXX BREAKAWAY GAP at 23.43-23.62 I'd rather talk now about those common gaps >$100, and >$200, and ... Muahahaha
|
|
|
Post by theMist on Jan 12, 2017 9:53:19 GMT -5
LMAO Huh
|
|
|
Post by theMist on Jan 12, 2017 10:00:17 GMT -5
BTW - if your brokerage account hasn't adjusted for the UVXY reverse split (1:5) yet and want to sell and cannot (shares haven't transferred), you can simply short UVXY to counter the long position. Just saying IF you wanted to.
BTW - Love when Trump says "Pharma" lmao CNBC keeps playing it from yesterdays news conference.
|
|
|
Post by novie08 on Jan 12, 2017 10:02:23 GMT -5
BREAKAWAY GAP at 37.35-36.55. UVXY GAP fill to 37.35. Hold at your own risk after that. Going to take some time. Be careful with chasing today. VXX BREAKAWAY GAP at 23.43-23.62 I'd rather talk now about those common gaps >$100, and >$200, and ... Muahahaha Wouldn't surprise me one bit. Will they crush the markets on Fri., the 13th? We haven't had a -300 day for months.
|
|
|
Post by walnut on Jan 12, 2017 10:04:01 GMT -5
|
|
|
Post by novie08 on Jan 12, 2017 10:04:28 GMT -5
BTW - if your brokerage account hasn't adjusted for the UVXY reverse split (1:5) yet and want to sell and cannot (shares haven't transferred), you can simply short UVXY to counter the long position. Just saying IF you wanted to. BTW - Love when Trump says "Pharma" lmao CNBC keeps playing it from yesterdays news conference. They adjusted and cancelled my GTC order so put in another @37.35..many thanks, that's what I had but wanted confirmation.
|
|
|
Post by theMist on Jan 12, 2017 10:05:56 GMT -5
Nice! Love to see those SCAMs fly to the Upside!!
Up 8%!
Looking like yesterday's VXX break to downside was headfake.
|
|
|
Post by novie08 on Jan 12, 2017 10:08:40 GMT -5
That gap could fill by tomorrow if we're lucky!
|
|
|
Post by clinton on Jan 12, 2017 10:09:42 GMT -5
Im only holding GORO and SPXU
and yes I got a big ol grin right now.
|
|
|
Post by theMist on Jan 12, 2017 10:17:40 GMT -5
Just added a little more VIX SCAM long after VXX just broke above resistance at 22.30ish. Have to be careful if chasing though and swings can be wild. Playing with house money here.
|
|
|
Post by theMist on Jan 12, 2017 10:24:07 GMT -5
It appears S&P taking quicker road down. S&P should backtest that neckline around 2261
|
|
|
Post by huh on Jan 12, 2017 10:25:05 GMT -5
... Looking like yesterday's VXX break to downside was headfake. Yep, sure was. Funny to think that there was a large buy imbalance yesterday, but today no one wants to hold, let alone buy. That's why I wasn't too worried about adding to UVXY yesterday. Markets hadn't been this overbought in a long time.
|
|
|
Post by theMist on Jan 12, 2017 10:33:57 GMT -5
This selloff should definitely have legs going into the final hour and into tomorrow. IMO
|
|
|
Post by walnut on Jan 12, 2017 10:38:57 GMT -5
Contango curve still healthy looking though rising, futures up 5.6 and 3.5 %
|
|
|
Post by theMist on Jan 12, 2017 10:40:03 GMT -5
FOR NOW -- Not seeing any real change in VIX futures curve. SO FAR, I still see this pop in SCAMs as a quick pop to take out that upside BREAKAWAY GAP then going short SCAMs again after the fill will be like shooting fish in barrel again.
Just a question of when...
|
|
|
Post by theMist on Jan 12, 2017 10:46:42 GMT -5
S&P hit support and backtesting neckline of Head and Shoulders. Should get another wave of selling as long as backest holds which I expect it to. That's why scams pulled back.
|
|
|
Post by theMist on Jan 12, 2017 11:08:48 GMT -5
S&P hit support and backtesting neckline of Head and Shoulders. Should get another wave of selling as long as backest holds which I expect it to. That's why scams pulled back. Yep - so far so good
|
|