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Post by clinton on Jan 25, 2017 9:52:41 GMT -5
this is my fault
market gaps up every time I touch TZA
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Post by clinton on Jan 25, 2017 9:53:45 GMT -5
RF got 2 downgrades
up another 2% today LOL
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Post by theMist on Jan 25, 2017 10:02:14 GMT -5
this is my fault market gaps up every time I touch TZA lol my friend Clinton
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Post by theMist on Jan 25, 2017 10:04:35 GMT -5
No, just watching the VIX SCAMs for now. But I'm getting more and more tempted BUT just for a quick daytrade. Honestly, the smarter way to play a pullback is to short SPY (sell calls) or short FAS, TNA, etc.
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Post by theMist on Jan 25, 2017 10:06:45 GMT -5
Something to note -
So far, VOLUME is low with this GAP up
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Post by walnut on Jan 25, 2017 10:07:08 GMT -5
My wife is Chinese Indonesian. She is back home this month and for Chinese New Year they give the kids the red envelopes with "angpao". See Asians are as materialistic as we are. Theirs is a large extended family so there is a lot of angpaoi from each aunt or uncle. BTW- a million rupiah is $100 USD so this is not as much as it looks haha
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Post by clinton on Jan 25, 2017 10:08:14 GMT -5
I posted this yesterday on twits and added a bunch of GTE this company has no debt and seems to be growing (at least on paper) should be good for a pop
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Post by walnut on Jan 25, 2017 10:11:19 GMT -5
Believe it or not I sold a little VXX earlier this morning
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Post by theMist on Jan 25, 2017 10:16:17 GMT -5
SP 2300 is a good short term target and some chartists I follow believe that will be a good inflection point and possibly the short term top.
Longer term, as you know, I have S&P targets of S&P 2333 (Bulkowski) and S&P 2450 (old school) based off that large inverse Head and Shoulders.
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Post by theMist on Jan 25, 2017 10:17:18 GMT -5
Believe it or not I sold a little VXX earlier this morning What price did you get and how many? Hedged? For quick scalp/daytrade? I'm looking to possibly (key word "possibly") go long the SCAMs for a quick daytrade. Not recommended and I'm playing with a ton of house money. They should at least fill the morning gap down and would be surprised if they didn't fill the morning gap. VXX HOD should be at least 19.45. Currently trading at 19.27 as I type. SCAMs are making candles outside lower BBs. And S&P is making candles outise its UPPER BBs. This of course is on smaller timeframes. I know they can side step back in but I may take the gamble.
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Post by walnut on Jan 25, 2017 10:21:24 GMT -5
You are not gonna like this
I have been studying on this: If you set a rule that when VIX index <17, your are short the scams, and when >17 you are out, you would have done VERY well. In fact over the last 2 years, you would never have had any period when you are down.
This is not an easy one to get your head around, I know
I even accounted for the static of when VIX was hanging right around 17.
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Post by walnut on Jan 25, 2017 10:22:41 GMT -5
Averaging in fully aware that this could start off rough.
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Post by huh on Jan 25, 2017 10:23:55 GMT -5
Looks as if XLF will fill the opening gap, but I think it'll also fill the gap lower than that in 22.20's.
S&P Futures should have strong support 2275-2280 now (across 12/13 & 01/06 highs). However, if it were to lose that then my next target downside target would be 2180
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Post by theMist on Jan 25, 2017 10:24:21 GMT -5
Just bought 7k TVIX at 5.40 for quick trade to fill this mornings gap. Keeping tight mental stop
If I see SCAMs start heading for lod again, I jettison out of the trade with small loss.
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Post by huh on Jan 25, 2017 10:25:10 GMT -5
You are not gonna like this I have been studying on this: If you set a rule that when VIX index <17, your are short the scams, and when >17 you are out, you would have done VERY well. In fact over the last 2 years, you would never have had any period when you are down. This is not an easy one to get your head around, I know I even accounted for the static of when VIX was hanging right around 17. Actually makes a lot of sense when you think of VIX as the fear index. Fear breeds fear.
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Post by theMist on Jan 25, 2017 10:26:46 GMT -5
Just added to TVIX long. 11k now
keeping tight mental stop. Should get at least move to 5.52-5.55 and will most likely take profits then and completely get out of trade. We'll see.
TVIX currently at 5.41.
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Post by theMist on Jan 25, 2017 10:28:43 GMT -5
VXX Hourly indicators starting to curl back up
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Post by theMist on Jan 25, 2017 10:30:43 GMT -5
S&P Hourly -- posting it real quick. S&P should at some point backtest the break of that Brown line. Today's GAP up to NEW ALL TIME HIGHs is a BREAKAWAY GAP but indices can take some time before it closes it.
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Post by theMist on Jan 25, 2017 10:32:37 GMT -5
Posting it real quick -- VXX 4 hour. Candles completely outside of lower BBs. That bottom 4 hour candle should at least reach back to lower BB (19.61 currently) at minimum OR at least back to its LOD from yesterday (VXX 19.45) IMO
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Post by Herceg on Jan 25, 2017 10:32:57 GMT -5
CAT on deck tomorrow, could serve as further catalyst unless they lay an egg.............. JMO and BOL
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