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Post by huh on Feb 17, 2017 7:55:30 GMT -5
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Post by huh on Feb 17, 2017 7:56:12 GMT -5
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Post by huh on Feb 17, 2017 7:58:09 GMT -5
Frontrunning: February 17 ‘In Trump We Trust’ Is Market Mantra as Turmoil Besets White House (BBG) World stocks lose momentum after record-breaking week (Reuters) As Tax Debate Heats Up, Lawmakers Struggle to Think of a Plan B (WSJ) Mnuchin Warned as G-20 Sees New Economic Order (BBG) Deutsche Bank examined Donald Trump's account for Russia links (Guardian) Stop hurling insults and listen, Pope Francis tells politicians (Reuters) Carney, Wrong on Brexit, May Have Called Consumer Collapse Right (BBG) SCOTUS to frame Trump's immigration plans (Reuters) Trump Assails Critics as Russia Questions Mount (WSJ) French Bonds Drop on Potential Left-Wing Candidacy Merger (BBG) S&P downgrade warning sends Toshiba shares falling (Reuters) Meet the Gold Rush Towns at Risk of Flooding From California Dam (BBG) Kremlin says not disappointed by how U.S-Russia ties are developing (Reuters) Kraft Heinz to pursue merger despite Unilever rejection (Reuters) Hurdles Mount for Saudi Aramco’s IPO (WSJ) Malaysia says needs kin's DNA before releasing Kim Jong Nam's body (Reuters) Theranos Had $200 Million in Cash Left at Year-End (WSJ) Congress Tests Trump Officials on Trade (WSJ) Zuckerberg Lays Out Vision for Facebook in New Mission Statement (WSJ) Pakistan crackdown after suicide attack claimed by Islamic State (Reuters) www.zerohedge.com/news/2017-02-17/frontrunning-february-17
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Post by theMist on Feb 17, 2017 8:03:48 GMT -5
Shorted a little VXX in premarket
Gotta be careful with shorting SCAMs going forward
down on the trade so far -- will look to avg up
VXX 17.85 17.95
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Post by theMist on Feb 17, 2017 8:06:55 GMT -5
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Post by theMist on Feb 17, 2017 8:12:21 GMT -5
And my VXX charts are charting premarket trading on fstockcharts. But not for S&P. Never seen that before. screencastimage sharing
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Post by walnut on Feb 17, 2017 8:21:06 GMT -5
I sold a little earlier at 17.80. My problem is I cannot be near the computer much today.
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Post by theMist on Feb 17, 2017 8:22:24 GMT -5
I sold a little earlier at 17.80. My problem is I cannot be near the computer much today. Keep it real light then VXX started to break lower earlier and then reversed hard (along with S&P futures turning back down) We are definitely starting to enter a tougher trading environment re SCAMs And honestly, taking a few days off and sitting back on profits is not a bad thing also BUT if do trade I would keep it real light contango 8-9% now S&P closed real strong yesterday and then overnight futures telling a different story
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Post by Herceg on Feb 17, 2017 8:23:01 GMT -5
NUS, ANET, DE, TRUE..............just a few to watch.............
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Post by walnut on Feb 17, 2017 8:29:04 GMT -5
This one sure went against me real fast. Hopefully settles back down soon.
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Post by theMist on Feb 17, 2017 8:30:39 GMT -5
This one sure went against me real fast. Hopefully settles back down soon. Me too. And I was open to S&P futures turning back down and when Futures did turn back down -- SCAMs reacted a little more to the upside than I expected. still at short VXX half position It's weird watching fstockcharts chart VXX in premarket and they're flashing back and forth making mistakes BUT able to see the move which is good VXX 17.92
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Post by walnut on Feb 17, 2017 8:32:49 GMT -5
I only sold 3000, I knew it was pretty sketchy this morning
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Post by theMist on Feb 17, 2017 8:34:37 GMT -5
I only sold 3000, I knew it was pretty sketchy this morning I have a feeling its going to be that way going forward. If VIX futures start dropping lower over next few trading days -- say contango starts to drop under 8% and start to see contango at 4-6% -- you know that they're headed toward backwardation for possibly a few days, maybe longer. IMO Definitely wouldn't be holding an overnight SCAM position going forward at these lows BUT then again, I've been wrong a little on that one. lol
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Post by walnut on Feb 17, 2017 8:39:53 GMT -5
No, I agree, for now those overnight days are pretty much over for the foreseeable future. Trump is celebrating the bull market but he might ought to stop mentioning it, what is he going to say when this thing corrects? I only sold 3000, I knew it was pretty sketchy this morning I have a feeling its going to be that way going forward. If VIX futures start dropping lower over next few trading days -- say contango starts to drop under 8% and start to see contango at 4-6% -- you know that they're headed toward backwardation for possibly a few days, maybe longer. IMO Definitely wouldn't be holding an overnight SCAM position going forward at these lows BUT then again, I've been wrong a little on that one. lol
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Post by theMist on Feb 17, 2017 8:43:24 GMT -5
What gives me a little more confidence with today's trade is that VXX made a GAP UP overnight and it looks like there's a GAP (common) at around VXX 17.61
And it should get filled. I even watch 1 min VXX chart during the day and with a move in either direction -- if it makes a small little gap -- price action always seems to head back and fill that gap
Just a question of where this GAP UP starts to rollover. IMO
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Post by walnut on Feb 17, 2017 8:43:50 GMT -5
VXX looks like it wants to come down but SP-500 also looks like it might come down. I know it was in that small recent trading channel.
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Post by theMist on Feb 17, 2017 8:44:01 GMT -5
No, I agree, for now those overnight days are pretty much over for the foreseeable future. Trump is celebrating the bull market but he might ought to stop mentioning it, what is he going to say when this thing corrects? I have a feeling its going to be that way going forward. If VIX futures start dropping lower over next few trading days -- say contango starts to drop under 8% and start to see contango at 4-6% -- you know that they're headed toward backwardation for possibly a few days, maybe longer. IMO Definitely wouldn't be holding an overnight SCAM position going forward at these lows BUT then again, I've been wrong a little on that one. lol You got that right and not a question of 'IF' but 'WHEN' -- like you said. lol
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Post by theMist on Feb 17, 2017 8:46:43 GMT -5
VXX looks like it wants to come down but SP-500 also looks like it might come down. I know it was in that small recent trading channel. Yeah, but it was actually at approx a 200% rising rate (not 900% like I mistakenly typed) and now the channel has widened but still is at a very high annualized rate (102%) and that still can't be sustained. Jim has his channel lines slightly different than I do and has it at a roughly 50% rising annualized rate. Even this can't be sustained very long.
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Post by walnut on Feb 17, 2017 8:50:15 GMT -5
It was really a crazy looking chart, with that tail pointing straight up
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Post by theMist on Feb 17, 2017 8:50:38 GMT -5
We will be fine with our trade today. I see that little gap at VXX 17.61
I'll let you know if I short more and avg up BUT not advisable if you don't have time to baby sit
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