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Post by theMist on Apr 3, 2017 9:52:50 GMT -5
walnut - that line is getting a little squigly looking at first 2 months
looks like 2nd month wants to drop below 1st month (backwardation)
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Post by clinton on Apr 3, 2017 9:52:53 GMT -5
see i sold my SOXS
I made the sacrfice to the bear gods
(still have my SPXU though)
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Post by theMist on Apr 3, 2017 9:54:26 GMT -5
sold short 10k VXX 16.27
15k short vxx now
VXX 16.23
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Post by clinton on Apr 3, 2017 9:58:40 GMT -5
funny how markets drop after you capitulate on a short never fails.
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Post by theMist on Apr 3, 2017 10:01:20 GMT -5
VXX 16.23
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Post by theMist on Apr 3, 2017 10:06:33 GMT -5
I'm seeing a negative number now Walnut -- backwardation
I have a VXX 16.26 short avg
VXX drops to 16 and I take profits
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Post by theMist on Apr 3, 2017 10:17:01 GMT -5
VXX Hourly completely outside UPPER BB VXX 16.26
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Post by clinton on Apr 3, 2017 10:17:54 GMT -5
GORO going up faster than SOXS Im happy bout that
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Post by walnut on Apr 3, 2017 10:18:28 GMT -5
Sorry been on the phone.
Yes, a 'squiggly' vix curve is not good. We are getting closer to a potential sell off.
On the other hand, could still just be white noise. No way to know
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Post by theMist on Apr 3, 2017 10:19:55 GMT -5
VXX drops down to 16 and I cover short
and possibly go long VXX
watching VXX hourly chart and see VXX pulling back to 15.95 area
WATCH HOURLY CHART to see how candle forms by 12pm EST and drop back to 50ema 15.95ish
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Post by walnut on Apr 3, 2017 10:21:19 GMT -5
On the other hand, could still just be white noise. No way to know
The futures are still not really up much yet, so could not amount to anything.
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Post by walnut on Apr 3, 2017 10:24:41 GMT -5
contango exactly 0 right now
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Post by walnut on Apr 3, 2017 10:27:43 GMT -5
Actually, that low May contract is forecasting that this is only a short term small scale selling.
But if the whole term curve shifts up, then we have more reason to worry. (As far as "vix fundamentals").
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Post by theMist on Apr 3, 2017 10:52:38 GMT -5
this is what concerned me -- S&P needs to get back over SP 2400 and all time highs to be clear of any correction SP 2300 can easily be put back on the table
and now we have vix futures flirting with backwardation
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Post by walnut on Apr 3, 2017 10:56:21 GMT -5
Look at that S&P curling over in November before the bull came back very strong for 4 months
vix hit 22.50 then.
vix term chart is showing short term trouble but it is not showing anything more significant yet. 2300 could happen
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Post by theMist on Apr 3, 2017 10:58:10 GMT -5
I have my order to cover VXX short in at 15.96
if it gets close - say 16 and I cover
just a question of when its going to roll over
VXX 16.36
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Post by theMist on Apr 3, 2017 11:11:03 GMT -5
VXX 16.26
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Post by theMist on Apr 3, 2017 11:18:37 GMT -5
S&P Hourly trying to put in hammer candle
trying
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Post by theMist on Apr 3, 2017 11:27:21 GMT -5
this could be the much needed spike that sends VXX back down to new all time lows problem is - I still see the S&P possibly pulling back more tomorrow OR going into close today I see the move back down to VXX 15.97ish -- after that not sure -- can bounce or drop lower would be at inflection point VXX 16.19
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Post by theMist on Apr 3, 2017 11:41:42 GMT -5
lowering my buy to cover to VXX 15.88 VXX 16.14
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