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Post by walnut on Mar 7, 2017 11:36:36 GMT -5
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Post by walnut on Mar 7, 2017 11:37:29 GMT -5
I was concerned about sell off all day. May not happen but they want it now I think
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Post by theMist on Mar 7, 2017 11:40:24 GMT -5
I was concerned about sell off all day. May not happen but they want it now I think They've been wanting it since early January. lol And even Peter Costa was on CNBC losing patience and said that he's going to have to jump into Energy stocks since not getting the pullback that everyone is looking for. Also, we cannot be at an ALL TIME TOP, if there are still so many bears around and traders looking for a pullback. Market still has more upside IMO and these moves so far are still very small. That large S&P iH&S is a strong driver of price action with target of S&P2460ish. But as always, just a question of how we get there.
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Post by walnut on Mar 7, 2017 11:42:57 GMT -5
I'm really kinda nervous about market and that last candle not very good either But I'm back in for now
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Post by walnut on Mar 7, 2017 11:45:35 GMT -5
THAT is a top signal:
"And even Peter Costa was on CNBC losing patience and said that he's going to have to jump into Energy stocks since not getting the pullback that everyone is looking for."
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Post by theMist on Mar 7, 2017 11:47:30 GMT -5
I'm really kinda nervous about market and that last candle not very good either But I'm back in for now As long as we don't get anymore breaking news and S&P settles in, SCAMs should drop back down VXX 17.22, TVIX 4.22
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Post by theMist on Mar 7, 2017 11:49:43 GMT -5
THAT is a top signal: "And even Peter Costa was on CNBC losing patience and said that he's going to have to jump into Energy stocks since not getting the pullback that everyone is looking for." The fact that you are worried is a sign that the top isn't in. And you are not alone! lol A BIG TOP is in when EVERYONE IS ALL IN and there's no money left on the sidelines to come into the market There's still plenty on the sidelines waiting to jump in. IMO Peter Costa is one of them...
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Post by theMist on Mar 7, 2017 11:55:08 GMT -5
The big driving news will be when we get wind of Trump's tax reform. That's the one to watch out for. IMO.
And of course, the usual nuclear war, China imploding, black swan type of stuff... but absent that -- it's all eyes on Trump
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Post by theMist on Mar 7, 2017 11:58:41 GMT -5
S&P chart Here's 3 views On smaller time frames, selling is still slow and controlled and S&P is still counter trending down in a descending channel that is within a rising channel within a larger rising channel image upload without registration
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Post by theMist on Mar 7, 2017 11:59:44 GMT -5
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Post by theMist on Mar 7, 2017 12:05:17 GMT -5
That's all CNBC talks about -- pullback.
"Is this the start of the pullback"
"The Trump Rally - how long can it last?"
I'm not saying we can't get one BUT this is definitely not a sign of a BIG TOP
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Post by theMist on Mar 7, 2017 12:06:42 GMT -5
VXX still in descending channel the small pops are just ripples gif upload
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Post by theMist on Mar 7, 2017 12:19:19 GMT -5
VXX 17.21, TVIX 4.22 This is for my super nervous friend Walnut! lol gotta keep pounding the SCAMs!!
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Post by lasvegas77 on Mar 7, 2017 12:24:28 GMT -5
Las Vegas should be fully rested. Morning everyone! Haha. I'm gonna make some coffee now. But as far as i can see on the chart not much happened.
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Post by theMist on Mar 7, 2017 12:27:49 GMT -5
Las Vegas should be fully rested. Morning everyone! Haha. I'm gonna make some coffee now. But as far as i can see on the chart not much happened. Good morning Las Vegas! Nice to see you my friend! It must be tough trading the markets living on the West Coast. I guess I'm spoiled living over here in NY. I'm up at 4am EST some times checking futures. And by you just showing up -- made VIX SCAMs drop a little! Nice one!!
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Post by lasvegas77 on Mar 7, 2017 12:32:21 GMT -5
Yes, It is quite difficult to trade on the west coast. But it's not nearly as bad as watching from Hawaii. WHen I was day trading this more frequently in 2015, I was regularly waking up at 5:30am PST to short on the pre market to cover on the open. It worked so often as you know. You have an early schedule. Sometimes, I go to bed and see the futures and early trading when you are just getting up actually.
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Post by lasvegas77 on Mar 7, 2017 12:37:54 GMT -5
When i was in New York visiting, I recall how great it was to watch the market at a normal hour. On the other hand, my trading day is over at 1:30pm.
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Post by theMist on Mar 7, 2017 12:39:49 GMT -5
How is my nervous friend Walnut feeling now?
You did rejoin the VXX short trade?! right?
After being schnucked out?! lol
Did you get my pm earlier?
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Post by theMist on Mar 7, 2017 12:41:40 GMT -5
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Post by lasvegas77 on Mar 7, 2017 12:48:25 GMT -5
im in short at 17.09.
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