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Post by lasvegas77 on Mar 30, 2017 13:06:48 GMT -5
I like scottrade overall. I have a small account there. My preference is using Fidelity with active trader pro. The trades are always executed very well and have a lot of control over the trading better than scottrade in my view. But if you hold uvxy over night it's like 10%apr.
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Post by lasvegas77 on Mar 30, 2017 13:14:15 GMT -5
I think it's safe to say the low of the day will not be reached today.
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Post by theMist on Mar 30, 2017 13:25:30 GMT -5
I think it's safe to say the low of the day will not be reached today. it's very difficult watching the markets today -- VIX SCAMs aren't moving
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Post by lasvegas77 on Mar 30, 2017 13:28:24 GMT -5
Yeah, I would side with the vix going up here instead of down in the short term.
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Post by lasvegas77 on Mar 30, 2017 13:30:13 GMT -5
I'm also siding with taking the rest of march off.
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Post by theMist on Mar 30, 2017 13:38:56 GMT -5
I'm also siding with taking the rest of march off. lol - you mean one day off tomorrow
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Post by lasvegas77 on Mar 30, 2017 13:41:20 GMT -5
LOL. you got it Mist
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Post by lasvegas77 on Mar 30, 2017 13:42:13 GMT -5
My best friend's wife is abroad and he has the day off tomorrow. Good day for a Ferris Bueller's Day off.
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Post by theMist on Mar 30, 2017 13:44:00 GMT -5
here comes final hour pop - I hope, I really do
I'm falling asleep
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Post by lasvegas77 on Mar 30, 2017 13:46:34 GMT -5
Yeah. I think it's going North to new HODS
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Post by theMist on Mar 30, 2017 14:20:51 GMT -5
I'll talk to you guys later -
I'm done - can't handle action today. lol
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Post by lasvegas77 on Mar 30, 2017 15:03:53 GMT -5
Contango tightened a bit today. 3.8%. the vix etn's got really choppy the last 20 minutes.
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Post by walnut on Mar 30, 2017 16:24:01 GMT -5
Contango tightened but the drop between vix index and the April contract is big, 11.5%. So the effective pull on the scams is still there, Since VXX is mainly composed of the April contract.
The vix term curve does look a little funny on the m1 to m2 and needs to be watched. However, the low contango number is mainly due to the low May futures contract, which reflects low fear out to May, in my opinion. So, probably no big deal.
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Post by huh on Mar 30, 2017 20:06:39 GMT -5
What does surprise me though is that the shoulder test line ~2370 didn't get tested again from the underside. I would've expected that to get another test after failing. So I wouldn't be shocked to see a move back up to there. But I wouldn't count on it for a trade So now that that's out of the way, can we finally see those downside targets?
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