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Post by theMist on Feb 28, 2017 15:01:47 GMT -5
Thx Walnut
I was referring to your contango being steep statement and something has to give sooner or later
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Post by theMist on Feb 28, 2017 15:04:58 GMT -5
Obviously no HUGE Pension Fund rebalancing. Market would be down quite a bit during this late afternoon.
Pension fund selling positions can be in the Billions.
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Post by walnut on Feb 28, 2017 15:08:57 GMT -5
Oh, well the problem is that VIX index could shoot up almost at a moments notice and contango would flatten and everything's changed. I don't know maybe this bull is tired for real now. Thx Walnut I was referring to your contango being steep statement and something has to give sooner or later
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Post by theMist on Feb 28, 2017 15:11:42 GMT -5
Oh, well the problem is that VIX index could shoot up almost at a moments notice and contango would flatten and everything's changed. I don't know maybe this bull is tired for real now. Thx Walnut I was referring to your contango being steep statement and something has to give sooner or later I know what you mean. That's what LasVegas was referring to earlier in his roll yield statement. Usually, you see spot vix converging this close on front month when we are very close to expiration and never when this far out from expiry. Spot Vix rises over 13.36ish and we possibly could have backwardation
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Post by walnut on Feb 28, 2017 15:16:03 GMT -5
Most of the curve is at a higher level. It does seem to be forecasting a trend higher and trying to pull VIX higher. But that is not enough basis to declare any opinion or anything.
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Post by lasvegas77 on Feb 28, 2017 15:18:50 GMT -5
about 4% roll yield right now. Tightening up here. Mutliple up days of the vix finally having some impact on the way this thing trades.
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Post by theMist on Feb 28, 2017 15:19:20 GMT -5
Unless Trump says something foolish or market isn't happy for some reason with his speech and futures selloff hard overnight then --
from TA perspective -- VXX is possibly setting up for a nice drop going into tomorrow's trading. IMO
Also, S&P still looks bullish! BUT we all know how an overnight move can change things quickly.
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Post by lasvegas77 on Feb 28, 2017 15:22:27 GMT -5
I think Trump has nothing to do with what the market is going to do more than a few minutes. No impact at all. Maybe it will move with teh speech for the futures. However, i don't believe it will lead to anything serious. If the market drops, it was already baked in the cake.
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Post by lasvegas77 on Feb 28, 2017 15:25:16 GMT -5
listening to Henry Mancini greatest hits on sacd with dsd sound and 5.1. Beautiful!
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Post by theMist on Feb 28, 2017 15:28:57 GMT -5
A gap up in VXX would be nice but unfortunately I won't be trading.
Rising VXX in final hour seems to be common occurrence.
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Post by theMist on Feb 28, 2017 15:39:42 GMT -5
S&P rising blue channel that I have drawn just broke all within this final half hour
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Post by walnut on Feb 28, 2017 15:45:34 GMT -5
VXX just depends on the S&P at this point.. is the bull ending, or just another little pause.
When these little pauses end, VXX gaps down hard about every time.
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Post by theMist on Feb 28, 2017 15:49:48 GMT -5
Final hour is ALWAYS ALL OVER THE PLACE. lol
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Post by theMist on Feb 28, 2017 15:52:29 GMT -5
Market on close paired off
no imbalance
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Post by lasvegas77 on Feb 28, 2017 15:59:47 GMT -5
Direction call was right. vxx firmed up.
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Post by theMist on Feb 28, 2017 16:04:42 GMT -5
I'll talk to you guys later
Good trading tomorrow
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Post by walnut on Feb 28, 2017 16:10:12 GMT -5
Yeah I hope!
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Post by lasvegas77 on Feb 28, 2017 16:11:55 GMT -5
Been a pretty good week so far. Will be looking forward to seeing new trading setups.
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Post by novie08 on Feb 28, 2017 19:43:43 GMT -5
Market on close paired off no imbalance This is why I don't watch CNBC...don't trust 'em.
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Post by theMist on Feb 28, 2017 20:44:47 GMT -5
Futures moving fast
Tomorrow will be either up 200 or down huge. Lol
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