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Post by theMist on Mar 10, 2017 10:03:00 GMT -5
Mist are you short any yet I'm not, wondering about next SnP candle no trades - was waiting for VXX to go green and missed by 2 cents and I'm definitely not chasing with VXX trading the way it is VXX 17.04
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Post by walnut on Mar 10, 2017 10:06:44 GMT -5
I'm still testing that put hedge. Option vega is kicking in a little, there is some nervousness
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Post by novie08 on Mar 10, 2017 10:07:35 GMT -5
LasVegas is right about the rate hike possibly keeping some from staying short on the scams going into this weekend, could turn into a hot potato as the rate hike approaches. That has been giving VXX a little strength. I think better be careful the way everything is setting up. Jobs report means rate hike all but final now. They are really going to hike with the debt ceiling expiring on Wed.? Big week coming up with G-20 meeting as well. One is positive for the metals, the other negative.
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Post by clinton on Mar 10, 2017 10:11:10 GMT -5
data should have made the dollar pop, but it didnt
broken market
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Post by walnut on Mar 10, 2017 10:14:52 GMT -5
LasVegas is right about the rate hike possibly keeping some from staying short on the scams going into this weekend, could turn into a hot potato as the rate hike approaches. That has been giving VXX a little strength. I think better be careful the way everything is setting up. Jobs report means rate hike all but final now. They are really going to hike with the debt ceiling expiring on Wed.? Big week coming up with G-20 meeting as well. One is positive for the metals, the other negative. They want to validate that QE was a success.. They are going to say that debt ceiling is not in their purview, and let congress take any blame.
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Post by theMist on Mar 10, 2017 10:15:55 GMT -5
VXX Hourly chart H&S pattern measures low 16s but I don't like the right side of this pattern VXX needs to get below that blue line and test all time low image upload with preview
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Post by theMist on Mar 10, 2017 10:25:05 GMT -5
Be interesting to see if VXX starts making new lod OR end of day spike puts them green
VXX chart still bearish and that potential iH&S pattern is toast
VXX 17.02
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Post by huh on Mar 10, 2017 10:33:19 GMT -5
... VXX chart still bearish and that potential iH&S pattern is toast... Unless it's only doing a head test Gotta run. BOL today all
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Post by theMist on Mar 10, 2017 10:36:19 GMT -5
... VXX chart still bearish and that potential iH&S pattern is toast... Unless it's only doing a head test Gotta run. BOL today all Yep - and I don't like the way VXX is trading today or else I would have put a position on already VXX 17.06
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Post by theMist on Mar 10, 2017 10:41:13 GMT -5
SCAMs look like they want to flash green...
They hit the S&P sell button
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Post by theMist on Mar 10, 2017 10:51:56 GMT -5
S&P potential H&S forming needs confirmation still but if forming an equal length RS (same length as LS) -- a break below neckline does line up with next weeks FOMC meeting until then sideways range bound action img
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Post by clinton on Mar 10, 2017 10:53:09 GMT -5
bloomberg saying the rumor is EU will also start raising rates
would explain why dollar not rising today
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Post by lasvegas77 on Mar 10, 2017 10:53:35 GMT -5
The market was just reacting to the news that Draghi discussed raising interest rates before ending QE. news reactions don't usually have much impact over a few minutes.
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Post by theMist on Mar 10, 2017 11:02:46 GMT -5
My gut tells me SCAMs are going to fly
whether they crash back down like Icarus is another question. lol
VXX 17.17
and technically that small iH&S pattern would have been toast if had gotten below the Head at 16.87 - like Huh mentioned
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Post by walnut on Mar 10, 2017 11:07:01 GMT -5
But rate hike might turn into a "buy the news" event, I think so.
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Post by theMist on Mar 10, 2017 11:15:31 GMT -5
Las Vegas -
So you feel S&P will hit one more new all time high and Vix ETPs will hit one more all time low BEFORE next week's FOMC?
What is your exit strategy if doesn't play out that way? Obviously, if you get the move you are looking for - I'm sure you will take profits.
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Post by walnut on Mar 10, 2017 11:20:45 GMT -5
My put hedge protects more when scams rise than it costs during the times VXX drops. So it is successful. It is a matter of percents, so it takes more capital than just naked scam shorting. But it works. I'll keep studying it.
The put decay is about the same as VXX contango decay, so the deck is stacked in favor.
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Post by theMist on Mar 10, 2017 11:37:53 GMT -5
working on tax stuff
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Post by walnut on Mar 10, 2017 12:07:53 GMT -5
taxes- what a conversation stopper.
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Post by theMist on Mar 10, 2017 12:17:03 GMT -5
taxes- what a conversation stopper. lol - I know but corp taxes due next week
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