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Post by theMist on Jan 24, 2017 10:14:50 GMT -5
When you thought the VIX SCAMs couldn't go any lower, shave another 10% off! And then when you think it hit bottom again, shave another 10% off again!
Rinse and repeat...
lol
Walnut - your Uncle is a very wise man!
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Post by novie08 on Jan 24, 2017 10:17:20 GMT -5
Thought that was Jack in those pics...looks a lot like Jack!
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Post by walnut on Jan 24, 2017 10:20:54 GMT -5
When you thought the VIX SCAMs couldn't go any lower, shave another 10% off! And then when you think it hit bottom again, shave another 10% off again! Rinse and repeat... lol Walnut - your Uncle is a very wise man! Yesterday, I thought 20.48 was WAY too low and didn't sell haha I am going to beat this |
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Post by Herceg on Jan 24, 2017 10:21:32 GMT -5
YHOO and VZ shorts completed today, both small gains..............continue to hold my LT UVXY short..............reluctant to add more as the correction has to come at some point which is when I would like to add to the LT short.................tick-tock tick-tock..................JMO and BOL...........
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Post by theMist on Jan 24, 2017 10:34:40 GMT -5
I think that's a question best answered by Jack, Clinton, or Birth.
VIX can't stay this low forever. And I do know that markets can stay irrational for quite some time before....lol IMO - We are over due for a small pullback and it would be far better in the long run for BULLs if we pullback now INSTEAD of blasting higher again. I updated and posted updated S&P Charts and presented both short term bullish and bearish cases.
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Post by clinton on Jan 24, 2017 10:53:06 GMT -5
I think that's a question best answered by Jack, Clinton, or Birth. I vote yes on inflation and mix in some fear too. gold needs fear |
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Post by clinton on Jan 24, 2017 10:54:20 GMT -5
we are going to get inflation either way so might as well get inflation with jobs from leaving trade deals.
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Post by theMist on Jan 24, 2017 11:11:06 GMT -5
I am so in AWE of the SCAMs that they completely froze me today. lol
Not one single trade and I am not going to chase them while they are down 5% on the day. Which BTW would probably still be profitable. I'm just not that bold. lol
Obviously, the time to reshort them going into today's trading was this morning in premarket when TVIX was trading at 6.00. Easily said in hindsight.
And Huh, its starting to look like today's gap down is going to be another BREAKAWAY GAP UNLESS we get an EOD spike in SCAMs (VXX to HOD 20.50). At this rate, the SELLING is going to be UGLY when it finally does happen.
Just don't know how much lower VIX SCAMs will go before then. Funny, I did throw out the possibility awhile back that VXX could hit $20 - and here we are. lol
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Post by clinton on Jan 24, 2017 11:57:54 GMT -5
existing home sales miss -2.8% to 5.49M vs 5.55M
"higher mortgage rates and home prices stunted sales" NAT economist
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Post by theMist on Jan 24, 2017 12:00:24 GMT -5
Kicking myself for missing the move today. Tempted to chase shorting the falling knife VIX SCAMs (not recommended) even at these levels for a daytrade but will refrain.
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Post by theMist on Jan 24, 2017 12:23:56 GMT -5
If S&P gets over that triangle resistance (light blue line/arrow) and tests and breaks (w/confirmation) then heads to the Brown line (brown arrow), then this entire consolidation pattern would strongly resemble consolidation for another leg higher. Even so, have to be mindful that DOW 20K and S&P new highs can still be a head fake and would look for a evidence of a false break and reversal or reversal day. In the meanwhile, VIX SCAMs will continue to drop in short term. Also, on S&P Daily - DI lines just crossed back bullish. Have to see if ADX starts rising which would confirm this move. Like I said in past, DI lines can criss-cross back and forth with sideways S&P action. Also, MACD and MACD Histogram starting to curl back up a little. But its still early and have to see how we close by end of day. New Note: Just checked ADX and its still dropping and not curling up yet to confirm this move but that can change S&P Hourly  |
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Post by theMist on Jan 24, 2017 13:07:06 GMT -5
Incredible move. S&P over that triangle resistance but needs confirmation/follow through. This bull (or zombie) market has been one bear squeeze after another. Bears best hope now is that DOW 20k and S&P new highs is a head fake and hope for an overnight crash OR reversal. I have to call it like I see it and as you know markets can change direction in a blink. That large inverse Head and Shoulders with target at S&P2333 (Bulkowski) or S&P2450 (old school) target along with double bottom -- has been and still is a powerful driver of S&P action. IMO Amazing how I just posted the bullish case for bullish short term move early this morning. lol Maybe I should keep my mouth shut. lmao
Trump IMO is without a doubt the reason behind today's strong move especially in infrastracture stocks.
Still watching and waiting (in AWE!) for now... lol
VIX SCAMs just put in another BREAKAWAY GAP down today. This can't end well when the markets do decide to hit the SELL button. IMO
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Post by clinton on Jan 24, 2017 14:00:56 GMT -5
LONG TZA 19.19
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Post by novie08 on Jan 24, 2017 14:01:10 GMT -5
 No matter what we think of certain Trump policies, we have to admit he's moving to bring jobs at lightening speed. Along with that is going to come far fewer freebies imo. Today alone, signed pipeline executive orders with the promise that the pipes will also be made in America. It's just stunning! That is why the markets are up; remains to be seen what will cause the correction. BTW, those low targets given in the ITMS vid for financials haven't even come close as they continue to rise. And, although I do believe EUO will be a buy at some point, was completely wrong about it over the last couple of weeks.
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Post by clinton on Jan 24, 2017 14:03:55 GMT -5
No matter what we think of certain Trump policies, we have to admit he's moving to bring jobs at lightening speed. Along with that is going to come far fewer freebies imo. Today alone, signed pipeline executive orders with the promise that the pipes will also be made in America. It's just stunning! That is why the markets are up; remains to be seen what will cause the correction. BTW, those low targets given in the ITMS vid for financials haven't even come close as they continue to rise. And, although I do believe EUO will be a buy at some point, was completely wrong about it over the last couple of weeks. my RF regional bank is up 2% since I faded ITMS call hehe |
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Post by birthmark on Jan 24, 2017 14:04:06 GMT -5
What a market !!!  !!! Can't keep going up, right? ?? Just wow. GL |
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Post by theMist on Jan 24, 2017 14:06:17 GMT -5
Maybe when other countries get pissed and start implementing their own tarriffs and trade wars begin
Talk to you guys later. Taking wife to doctor
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Post by novie08 on Jan 24, 2017 14:08:15 GMT -5
and my RF regional bank is up 2% since I faded ITMS call hehe Both gutsy moves. GL. Personally frozen in time here, lol. FSM -11.4% on dilution and watching KGC for a decent entry for s-t trade. |
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Post by birthmark on Jan 24, 2017 14:12:48 GMT -5
I think that's a question best answered by Jack, Clinton, or Birth. VIX can't stay this low forever. And I do know that markets can stay irrational for quite some time before....lol IMO - We are over due for a small pullback and it would be far better in the long run for BULLs if we pullback now INSTEAD of blasting higher again. I updated and posted updated S&P Charts and presented both short term bullish and bearish cases. Novie-- I do think there will be inflation. |
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Post by theMist on Jan 24, 2017 15:49:02 GMT -5
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No matter what we think of certain Trump policies, we have to admit he's moving to bring jobs at lightening speed. Along with that is going to come far fewer freebies imo. Today alone, signed pipeline executive orders with the promise that the pipes will also be made in America. It's just stunning! That is why the markets are up; remains to be seen what will cause the correction. 
!!!