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Post by theMist on Mar 2, 2017 14:42:20 GMT -5
This is of course is speculation -- but this is how I try to envision future moves in VXX possible 2 moves -- drop down to VXX 17.24 and maybe bounce a little then break below it and retest all time VXX 16.76 low OR drop down to VXX 17.24 and then puts in a large bounce off of that area - that of course would concide with a big selloff day in S&P. We'll see... free pic
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Post by walnut on Mar 2, 2017 14:47:50 GMT -5
I'm out, not much but better than nothing.
I am thinking about shorting an end of the day pop for over night (yeah I know)
But the end of day rally may not come this time.
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Post by theMist on Mar 2, 2017 14:51:11 GMT -5
Yesterday VXX put in a red hollow candle on Daily chart. Which means VXX should at least revisit the low of that candle at some point.
If VXX had put in a solid green day, it would have turned it into a short term bottoming candle.
However, today, VXX action is bearish and IMHO VXX should hit a lod today of around VXX 17.51ish range which would cover yesterday's candle completely.
Will have to see how VXX closes and see how final hour pans out.
We'll see..
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Post by theMist on Mar 2, 2017 14:53:45 GMT -5
I'm out, not much but better than nothing. I am thinking about shorting an end of the day pop for over night (yeah I know) But the end of day rally may not come this time. Other than the market on close orders and possible final hour BS - according to charts VXX headed lower into the close. VXX 17.74 But we all know how final hours can be some times so I don't blame you for taking profits. I'm holding out for lower VXX Also, today could be the one day where VIX SCAMs finally don't pop during final hour. Would be nice to have market on close order data. lol
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Post by theMist on Mar 2, 2017 14:57:59 GMT -5
Nice! My babies!! VXX 17.69
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Post by lasvegas77 on Mar 2, 2017 14:58:06 GMT -5
good job walnut. That drop was certainly a nice profit for you.
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Post by lasvegas77 on Mar 2, 2017 15:06:03 GMT -5
Trump is done speaking now. Does that mean the market can get back to what it was doing before he spoke?
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Post by theMist on Mar 2, 2017 15:09:25 GMT -5
Unless we get a final half hour spike in VXX because of large sell imbalance -- from chart perspective I still see VXX heading lower into the close VXX 17.80 But as we all know final hour can be tricky and especially final half hour...
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Post by lasvegas77 on Mar 2, 2017 15:15:01 GMT -5
I'm super impressed by this 3 point drop on the snp so far.
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Post by theMist on Mar 2, 2017 15:16:37 GMT -5
took profits
S&p selling
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Post by lasvegas77 on Mar 2, 2017 15:17:14 GMT -5
walnut, you dodged a bullet i must say. Good job taking your profits.
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Post by lasvegas77 on Mar 2, 2017 15:18:15 GMT -5
I was a tad early a few minutes getting bullish on tvix. But i thnk im going to be proven right in the end. LOL
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Post by theMist on Mar 2, 2017 15:19:36 GMT -5
reshorting tvix at 4.60
8k small position
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Post by theMist on Mar 2, 2017 15:23:04 GMT -5
Need TVIX to fall back down now
keeping tight mental stop
up over $2k so far. not bad
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Post by walnut on Mar 2, 2017 15:24:05 GMT -5
I got stuck on the phone for work, and yeah I'm lucky I got out, VXX back up to 17.93. This market much trickier than previous several months
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Post by walnut on Mar 2, 2017 15:30:02 GMT -5
I wish the SnP hadn't done what it did, I think it has killed the golden goose. There's no sure things any more.
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Post by lasvegas77 on Mar 2, 2017 15:33:50 GMT -5
I have learned that following my gut instincts for legitimate reasons often keeps me safe in the market.
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Post by lasvegas77 on Mar 2, 2017 15:35:42 GMT -5
This is going to cause margin calls to set in next week. More selling to come. .7% is probably the biggest drop we've seen in the market for near closing prices. A lot new traders to the market have never seen a market go down more than .3%.
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Post by lasvegas77 on Mar 2, 2017 15:36:28 GMT -5
I was worried i was going to look like a fool there for a minute. Glad the market dropped hard so i am not wrong. haha.
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Post by theMist on Mar 2, 2017 15:54:03 GMT -5
250M to buy side which is small
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