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Post by walnut on Mar 7, 2017 10:35:52 GMT -5
Our stone quarry orders and cash flow way off this year so far. Something is wrong, and I think it will probably affect the stock market soon. TopstepTrader TopstepTrader ATLANTA FED 1Q GDPNOW FORECAST +1.3% VS +1.8% PREV
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Post by walnut on Mar 7, 2017 10:43:46 GMT -5
Took that little profit @ 17.11 , hoping to reshort on any bounce
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Post by theMist on Mar 7, 2017 10:45:57 GMT -5
One thing that is good with IB over Scottrade is that as your making money on your trade -- it's freeing up more funds for trading.
With scottrade, you had a set amount of DTBP coming into the days trading. But the only thing is I could short a ton more with Scottrade with 4X Daytrade Buying Power even with a Fed Call. All I had to do was email them to leave my account alone and they would let me trade as aggressive as I wanted. If TVIX ever makes it back over $5 and it should when S&P does finally make its ugly turn (looking like after my iH&S S&P target of 2460ish gets hit), then I will re-fund Scottrade and possibly keep both.
oh well...we'll see...
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Post by walnut on Mar 7, 2017 10:50:50 GMT -5
resold at 17.16 nickels and dimes
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Post by theMist on Mar 7, 2017 10:51:15 GMT -5
Took that little profit @ 17.11 , hoping to reshort on any bounce Bounces are going to be so small IMO And if you don't time it just right, you might find yourself chasing lower then your exit price. I'm going to just stay short until VXX drops below 17 and tests that 16.93 area. I'm now short 24k tvix VXX 17.14, TVIX 4.18
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Post by theMist on Mar 7, 2017 10:51:42 GMT -5
resold at 17.16 nickels and dimes lol - was just typing that when you posted
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Post by walnut on Mar 7, 2017 10:52:34 GMT -5
I know. But this time it worked to get my average up to 17.35
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Post by walnut on Mar 7, 2017 11:02:11 GMT -5
Now VXX seems set to drop into the 16's
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Post by theMist on Mar 7, 2017 11:02:24 GMT -5
Wilbur Ross on CNBC
something about putting someone on notice... lol
looks like ZTE (telecom company) Settlement... penalties
they're hitting the S&P sell button a little with this news...
VXX 17.16, TVIX 4.19
scams popped very little...
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Post by clinton on Mar 7, 2017 11:06:06 GMT -5
kind of a bull flag forming on spy
if it drops here then we know things have changed
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Post by theMist on Mar 7, 2017 11:12:14 GMT -5
You know the longer Trump takes to announce his tax plan -- the better. I think he knows it too.
God only knows what will happen when it gets announced. I've thought of this for some time now.
I picture it happening after my S&P 2460ish target gets hit but could be wrong.
Maybe a quick blow off top to the upside (i.e., knee jerk reaction) and then go ALL IN BEAR?!
Or is the market disappointed and just starts to sell hard?!? Or simply good news but still sell the news event?!
Market is definitely pricing in a really good Trump tax plan.
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Post by walnut on Mar 7, 2017 11:19:33 GMT -5
I remember when I was thinking Bush was going to cut the capital gains tax and inheritance tax... Then 9-11 happened. That was already 15 1/2 years ago.
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Post by theMist on Mar 7, 2017 11:21:04 GMT -5
kind of a bull flag forming on spy if it drops here then we know things have changed post a chart if you have a chance
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Post by walnut on Mar 7, 2017 11:22:59 GMT -5
VXX hit 16.8 3 weeks ago. That is a seriously long pause with contango at 14%
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Post by theMist on Mar 7, 2017 11:27:25 GMT -5
VXX hit 16.8 3 weeks ago. That is a seriously long pause with contango at 14% Looking back -- VXX hits that all time low (VXX 16.76) and rose off that low and even hit a high of 19.06 ALL while the S&P was screaming higher to S&P2400 Now the S&P has pulled back to 2370ish and VXX is trading at 17.16?!? lol
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Post by walnut on Mar 7, 2017 11:27:26 GMT -5
sold 4000 more at 17.20
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Post by theMist on Mar 7, 2017 11:30:03 GMT -5
CNBC putting out the fear
Art Cashin -- Market could be setting up for 5%-7% puillback
be cautious
and this breaking news that market is trying to absorb I'm not liking.
need market to calm back down - they definitely hit the S&P sell button a little
VXX charts still bearish but so far you had the right idea Walnut with scalping
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Post by clinton on Mar 7, 2017 11:31:52 GMT -5
failure normally this takes off crushing shorts
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Post by walnut on Mar 7, 2017 11:33:22 GMT -5
I jumped out.
I knew they were putting the fear out early this morning. Fuckers
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Post by theMist on Mar 7, 2017 11:35:18 GMT -5
VXX chart still bearish VXX just tagged top of that light red descending channel line and VXX is still in that descending channel I'm still all in short tvix imgurl
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