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Post by clinton on Feb 10, 2017 9:52:40 GMT -5
LONG TZA again 18.43
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Post by theMist on Feb 10, 2017 9:57:20 GMT -5
Still no uvxy to short today Scottrade said UVXY has been going hard to borrow since the reverse split. I believe TVIX (which is an ETN) shouldn't have that problem if it does reverse split again. I think its different because it is an ETN instead of an ETF. I just need to open that IB account quickly so I can short TVIX under $5. Shorting VXX for now
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Post by clinton on Feb 10, 2017 9:59:36 GMT -5
GTE got two upgrades this morning
SOLD 1/4 for a 5% profit
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Post by theMist on Feb 10, 2017 10:02:07 GMT -5
I calculated the purple ascending triangle target more accurately. We already hit that small iH&S target (SP2304) and have just hit the diamond pattern target (SP2314) and are consolidating a little in this area. Eventually, S&P will reach up to SP2333 area to meet the Ascending Triangle target. Just a question of how it gets there. pic host
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Post by theMist on Feb 10, 2017 10:05:22 GMT -5
VXX should hit that green arrow target eventually -- today or by some time next week. IMO Contango now over 14% posted image
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Post by theMist on Feb 10, 2017 10:14:52 GMT -5
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Post by theMist on Feb 10, 2017 10:20:16 GMT -5
Great! Can someone confirm today's current HOD for S&P?! And can someone check S&P lod so far?!
fstockcharts had S&P high at 2314-15 earlier.
Now I'm showing it 2313.86. That's close enough to diamond target (SP2314ish) but I believe S&P will be happier with move to SP2314-2315 to better satisfy target for today. We'll see... And S&P does appear to be bull flagging / consolidating just under today's HOD at 2313.86 BUT might look to pullback and fill the morning GAP up
From what I see S&P (with this gap up) left a very small BREAKAWAY GAP. That's assuming my fstockcharts data is correct as I type.
Old S&P all time HIGH at 2311.08 Today's S&P LOD at 2311.24
If my fstockcharts data is correct then S&P left a very small BREAKAWAY GAP and will need to be filled to at least SP2311.08 and can possibly fill the morning gap up completely Or it can leave it for next week some time BUT I believe it may at some point today, try to fill it and I wish it had already.
Just need to see if my fstockcharts data is correct.
Thx for your help guys
still short 20K VXX
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Post by theMist on Feb 10, 2017 10:34:05 GMT -5
S&P bull flagging for another leg higher
Be careful Clinton with your TZA purchase. Not sure if your scalping just for the day or short term.
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Post by Herceg on Feb 10, 2017 10:34:10 GMT -5
I have it at the high now of 2314.09.
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Post by theMist on Feb 10, 2017 10:36:27 GMT -5
Now its definitely a S&P diamond pattern target hit at 2314.54
I confirmed the print elsewhere. S&P did leave that small breakaway gap this morning. Not sure if it fills today or next week. I'm really not concerned about it from short SCAM perspective.
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Post by theMist on Feb 10, 2017 10:36:54 GMT -5
Nice! Nice! My babies! 25k short VXX now Scams currently testing lod VXX 18.20
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Post by theMist on Feb 10, 2017 10:37:47 GMT -5
I have it at the high now of 2314.09. Thx Herc fstockcharts definitely makes little annoying mistakes sometimes. It can be annoying and cost $$ when heavily daytrading like I do. Especially mistakes with candles as I've pointed out in the past.
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Post by walnut on Feb 10, 2017 10:38:59 GMT -5
VXX headed to the 17's. I thought it looked like about 17.82 would be your price target for it Mist.
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Post by Herceg on Feb 10, 2017 10:39:59 GMT -5
The mkt. continues on the roids...............this is getting me lightheaded in the clouds.............You would think there has to be decent pullback at some point..............
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Post by theMist on Feb 10, 2017 10:41:40 GMT -5
VXX headed to the 17's. I thought it looked like about 17.82 would be your price target for it Mist. Hard to judge where/when it will hit that RED descending channel support VXX definitely headed for 18 test. IMO
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Post by clinton on Feb 10, 2017 10:54:35 GMT -5
so spy goes up nearly every day but retailers are doing poorly because the economy sucks. nuts.
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Post by walnut on Feb 10, 2017 10:57:48 GMT -5
Clint remember this? "Actually it is free money" haha
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Post by theMist on Feb 10, 2017 10:58:51 GMT -5
I added one more (slightly red) descending channel support that will just annoy us a little and cause VXX to pause a little before heading even lower. lol screenshot windows 7
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Post by theMist on Feb 10, 2017 11:07:38 GMT -5
Honestly, been trying to help everyone on this board.
Technical Analysis is most important when it comes to trading. And its never a question of charts being correct but rather the person reading the charts.
You just can't beat confirmed bullish patterns that measure where we are currently trading and even higher bullish targets.
And honestly, out of all the sectors and stocks that you can trade -- out of the entire market -- nothing beats shorting volatility (VIX SCAMs).
I don't even waste my time anymore looking at anything else. I only concentrate on S&P charts, VXX charts, VIX, Vix Futures. By far -- shorting the VIX SCAMs is the best out there. Just need to stay disciplined, not get greedy, and manage risk.
I think I've demonstrated that for quite some time now.
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Post by walnut on Feb 10, 2017 11:17:08 GMT -5
Gotta head to work, I plan to keep an eye on things
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