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Post by jacksrbtr on Jan 17, 2017 10:51:25 GMT -5
Gold up 1.6% are we approaching the Apocalypse or what? The Trumpocalypse? Bwahahahaaa! Ain't doing anything for the Miners...we all know Trump likes gold its just a matter of time before it goes up right?
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Post by walnut on Jan 17, 2017 10:53:13 GMT -5
You oughta go back to IB. Almost always plenty of shares to short. They have shares right now
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Post by theMist on Jan 17, 2017 10:55:55 GMT -5
So far nice day. Finally got through to Scottrade and they were able to locate shares.
Put in 20k short TVIX at 7.50. I know it won't fill today. Just want to hold onto shares.
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Post by theMist on Jan 17, 2017 10:56:50 GMT -5
lol - Calling scottrade - only 1k shares of TVIX to short Could always short UVXY instead but not in rush to reload short. Still holding 6k tvix short I tried short on UVXY.............no shares available through Scottrade..............that was 20 minutes ago...............just before the drop of course......LOL I finally got through to them. check availability now.
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Post by walnut on Jan 17, 2017 10:57:30 GMT -5
wow contango touched 19%
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Post by walnut on Jan 17, 2017 10:58:10 GMT -5
Either VIX is coming up, or futures prices are going to come down, contango never stays this high very long
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Post by theMist on Jan 17, 2017 10:59:00 GMT -5
You oughta go back to IB. Almost always plenty of shares to short. They have shares right now Scottrade got them pretty fast and I've only been told once so far that they couldn't get shares so overall pretty happy with them. What I would love for you to check, if your up early in the morning - check IB and see if you have shares to short TVIX or UVXY around 6am EST. From 6am-7am EST is really the only time I have difficulty getting shares to short.
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Post by walnut on Jan 17, 2017 11:00:37 GMT -5
OK I will check
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Post by novie08 on Jan 17, 2017 11:20:18 GMT -5
Gold up 1.6% are we approaching the Apocalypse or what? The Trumpocalypse? Bwahahahaaa! Ain't doing anything for the Miners...we all know Trump likes gold its just a matter of time before it goes up right? Hmmm. RIC +6%, FSM +5.9%, CDE +3.1%, EXK +4%, not sure why CGOOF is red.
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Post by theMist on Jan 17, 2017 11:25:06 GMT -5
SCAMs look to be forming RS of H&S. This little pop higher should rollover now... Was a good spot to short a little. Waiting...watching Still short 6k TVIX for now jury still out VXX 5 min chart
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Post by novie08 on Jan 17, 2017 11:25:39 GMT -5
Either VIX is coming up, or futures prices are going to come down, contango never stays this high very long Great call...big red candles and looks like a triple top on the S&P 1 minute. Need more study on the candles.
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Post by walnut on Jan 17, 2017 11:28:14 GMT -5
contango close to 20 now on my computer
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Post by walnut on Jan 17, 2017 11:30:58 GMT -5
VXX and UVXY are almost 100% made of the February contract now.
S&P I can't predict well but my inclination is to short a lot of VXX right now.
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Post by theMist on Jan 17, 2017 11:32:25 GMT -5
SCAMs starting to roll again..jury is still out but should be back shortly. lol Shorted a little more TVIX on that pop. Good place to put stop is just above today's hod if daytrading and have low risk tolerance.
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Post by walnut on Jan 17, 2017 11:36:55 GMT -5
We have to remember that one large part of the high contango right now is that the Jan contract is about to expire. The contango number is about to go down some when it expires today.
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Post by novie08 on Jan 17, 2017 11:37:15 GMT -5
A lot of my l-t holds are flat...
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Post by theMist on Jan 17, 2017 11:38:20 GMT -5
We have to remember that one large part of the high contango right now is that the Jan contract is about to expire. The contango number is about to go down some when it expires today. Which would put us around 10-11% after today's expiry from what I see... down from 18-19% For now, I'm back up to around 14k short TVIX again
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Post by walnut on Jan 17, 2017 11:40:34 GMT -5
We need a stable metric haha
I think I will program a weighted average 30 day contango
Really that is all that expected daily VXX drop is, but using the far month as the denominator instead of the near month.
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Post by theMist on Jan 17, 2017 11:57:09 GMT -5
So far so good. As expected, RS of Head and Shoulder SCAMs should consolidate a little before breaking that brown support line...at inflection point right now. With contango as high as 19% for today - another leg lower for SCAMs should be a lock.
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Post by clinton on Jan 17, 2017 12:01:56 GMT -5
going to try something different today
Long RF at 14.06 regional bank
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