|
Post by theMist on Feb 23, 2017 14:18:05 GMT -5
Have to be careful -- VXX Daily chart indicators bullish and DIs still bearish but trying to cross over bullish (they're still far apart but closing in a little).
VXX is also above its 10dsma and tagged 20dsma with spike to HOD today.
Either this is a short term bottom pattern or BEAR flag for another leg lower.
time will tell...
|
|
|
Post by theMist on Feb 23, 2017 14:23:22 GMT -5
VXX makes move below 17.24 and that will put an end to higher lows
That was that troublesome candle if you recall -- the red hollow / green solid fiasco that was made completely outside its lower BBs And I had my new chart settings wrong so that's what threw me off.
|
|
|
Post by theMist on Feb 23, 2017 14:26:19 GMT -5
Alright -- feeling a little better
recouping a little on the day
VXX 18.09
Maybe today's hard spike higher is the move that sends VXX to new all time lows again. Also, S&P chart looking pretty good.
VXX 15min indicators bearish and VXX Hourly look like they want to rollover but still early
|
|
|
Post by lasvegas77 on Feb 23, 2017 14:28:47 GMT -5
I highly recommend reading the book How to make money in stocks by William J O'Neil who founded investors business daily. I had a rare chance to meet him at a meetup group a few years ago. Probably the best book on the stock market ever written. Some of the rules may need some adapting somewhat but it's a very good solid book to read.
|
|
|
Post by walnut on Feb 23, 2017 14:30:10 GMT -5
IF SP keeps climbing from here, the pattern is that TVIX will begin to climb back up too
|
|
|
Post by theMist on Feb 23, 2017 14:31:16 GMT -5
IF SP keeps climbing from here, the pattern is that TVIX will begin to climb back up too I'm hoping that latest trend gets broken real soon (like now). lol
|
|
|
Post by theMist on Feb 23, 2017 14:31:29 GMT -5
|
|
|
Post by walnut on Feb 23, 2017 14:31:30 GMT -5
IBD relative strength index was a good stock picking indicator.
|
|
|
Post by walnut on Feb 23, 2017 14:32:29 GMT -5
If SP goes down from here, TVIX will go up too haha
|
|
|
Post by lasvegas77 on Feb 23, 2017 14:32:32 GMT -5
Alright -- feeling a little better recouping a little on the day VXX 18.09 Maybe today's hard spike higher is the move that sends VXX to new all time lows again. Also, S&P chart looking pretty good. VXX 15min indicators bearish and VXX Hourly look like they want to rollover but still early Looks more to me that tvix made a double bottom. Today's close will be most especially important especially if it rallies above the high of last week.
|
|
|
Post by walnut on Feb 23, 2017 14:32:46 GMT -5
I think you should have taken your gain
|
|
|
Post by theMist on Feb 23, 2017 14:35:16 GMT -5
I think you should have taken your gain I should have taken the money a long time ago and ran for the Hills! lol
|
|
|
Post by lasvegas77 on Feb 23, 2017 14:35:42 GMT -5
I counted about 12 mini spikes today on tvix. That usually is the other way around i believe.
|
|
|
Post by theMist on Feb 23, 2017 14:36:53 GMT -5
Alright -- feeling a little better recouping a little on the day VXX 18.09 Maybe today's hard spike higher is the move that sends VXX to new all time lows again. Also, S&P chart looking pretty good. VXX 15min indicators bearish and VXX Hourly look like they want to rollover but still early Looks more to me that tvix made a double bottom. Today's close will be most especially important especially if it rallies above the high of last week. I only really chart VXX since it is unleveraged. I've been watching for that double bottom and VXX even quickly spiked above the pivot of 18.40 only to drop back down of course. But I thought they were going to fly! And was fooled today. That 2nd higher low off the bottom of VXX 17.24 was a completely oversold condition in VXX. VXX made a solid green candle (w/confirmation) outside its lower BB. That was a warning sign. IMO
|
|
|
Post by lasvegas77 on Feb 23, 2017 14:42:26 GMT -5
spx upticking while tvix staying flat again. Very strong.
|
|
|
Post by walnut on Feb 23, 2017 14:43:01 GMT -5
VXX looks like it is gaining strength.
|
|
|
Post by theMist on Feb 23, 2017 14:44:54 GMT -5
Next drop in VXX and I take profits
VXX 18.20
|
|
|
Post by walnut on Feb 23, 2017 14:49:14 GMT -5
I'd say so, seems like something might be in the works haha
|
|
|
Post by theMist on Feb 23, 2017 14:49:52 GMT -5
I know vix futures are up a little BUT contango is still over 12% !!
|
|
|
Post by theMist on Feb 23, 2017 14:53:47 GMT -5
I'd say so, seems like something might be in the works haha yep - they could be gearing up for another move higher. All we need is S&P to sell a little and that would seal the deal. lol VXX 18.20
|
|