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Post by walnut on Apr 4, 2017 9:07:25 GMT -5
on vix central click on the "contango" tab to see how often it goes negative. Last time was the Nov selloff.
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Post by theMist on Apr 4, 2017 9:07:52 GMT -5
I'm hoping the market gets healthy again soon (today), if contango goes negative that is not good, historically speaking. S&P really is neutral and can go either way -- at the apex of large triangle no trades - just observing and awaiting direction
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Post by theMist on Apr 4, 2017 9:08:42 GMT -5
on vix central click on the "contango" tab to see how often it goes negative. Last time was the Nov selloff. I see it on the graph - so your thinking this pullback will be similar
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Post by walnut on Apr 4, 2017 9:11:16 GMT -5
It is sure a possibility
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Post by walnut on Apr 4, 2017 9:12:20 GMT -5
Really I think it is about to get better but I don't have any special info on it.
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Post by theMist on Apr 4, 2017 9:14:06 GMT -5
I have my VXX short order in at 17.02 - do you think it will hit today?
VXX 16.08
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Post by theMist on Apr 4, 2017 9:17:50 GMT -5
S&P Hourly chart S&P is still neutral and can go either way. Another test of either purple triangle support or resistance and it should break Also, from GAP perspective, it doesn't make sense how S&P broke out over SP2300, never backtested and made a breakaway gap in SP 2320 area, then a runaway gap in SP 2350 area, then an exhaustion gap at Sp 2370 area ONLY to fall back and fill the Exhaustion gap and Runaway Gap, and leave behind the initial Breakaway Gap? I really thought with the last move down it would have taken S&P to at least SP 2300 and instead stopped at SP 2320 area. It is possible that the Breakaway Gap in 2320 area will remain unfilled until next real correction or bear market. Bulls need to get SP over 2400 and to new highs to negate any possibility of dropping back down to SP 2300. SP 2300 is still on the table until then. IMO image host
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Post by walnut on Apr 4, 2017 9:22:45 GMT -5
I have my VXX short order in at 17.02 - do you think it will hit today? VXX 16.08 I usually underestimate how bad the market will get on any given day. But no, I don't think it will get there.
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Post by theMist on Apr 4, 2017 9:25:29 GMT -5
I have my VXX short order in at 17.02 - do you think it will hit today? VXX 16.08 I usually underestimate how bad the market will get on any given day. But no, I don't think it will get there. I doubt it also. It's just a stink bid/order. I have someone showing up in a little bit so really not in rush to place trade. I'll be freed up afterwards.
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Post by walnut on Apr 4, 2017 9:43:34 GMT -5
a difference between November and today is that the vix index was already way over 15 by the time contango reached 0 in November. This selloff is lacking any teeth, the vix is still only 12.50.
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Post by novie08 on Apr 4, 2017 9:53:31 GMT -5
Beginning to believe we aren't going to get a real correction so maybe posting this will help.
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Post by lasvegas77 on Apr 4, 2017 10:07:10 GMT -5
Shorted 6973 shares of tvix at 35.83 and covered at 35.48. Funny thing is I put in the wrong price to cover. I was trying to get out at 25.75 which was too low. When checking on my order, tvix actually dropped very quickly so got an extra over 20 cents. Up $2371.
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Post by theMist on Apr 4, 2017 10:16:43 GMT -5
a difference between November and today is that the vix index was already way over 15 by the time contango reached 0 in November. This selloff is lacking any teeth, the vix is still only 12.50. the selloff has been quite weak S&P action still sideways
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Post by walnut on Apr 4, 2017 10:18:47 GMT -5
That low vix is why the low contango is less alarming to me this time.
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Post by theMist on Apr 4, 2017 10:24:14 GMT -5
That low vix is why the low contango is less alarming to me this time. good call so far and good news is I'm making good progress on battle with vermin
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Post by walnut on Apr 4, 2017 10:28:09 GMT -5
Mist:
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Post by theMist on Apr 4, 2017 10:29:58 GMT -5
roflmao - they've been making me crazy
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Post by theMist on Apr 4, 2017 10:36:38 GMT -5
VXX Hourly looks like it wants to rollover
Maybe VXX just needed to hit 16.46 before making move back down to all time low VXX 15.30
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Post by theMist on Apr 4, 2017 10:44:33 GMT -5
S&P closes green and we get follow thru tomorrow and S&P could take shot at large purple triangle resistance S&P daily upload an image
S&P Hourly images hosting
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Post by lasvegas77 on Apr 4, 2017 11:12:12 GMT -5
Hey Mist. I got out at 35.48. I was lucky I put in an order too low because it fell another 20 cents when I got out from where I was trying to really get out. Wish i got that extra 35 after. so my tvix entry was 35.83 and out at 35.48. Up $2371. But could have made over $10k holding it not much longer. I have no intention of trading again today.
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