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Post by lasvegas77 on Apr 6, 2017 16:47:09 GMT -5
I have no idea what's happening tomorrow. But I would look out below after tomorrow.
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Post by theMist on Apr 6, 2017 16:56:34 GMT -5
I have no idea what's happening tomorrow. But I would look out below after tomorrow. when you say look out below I'm sure your referring to S&P? and when you mean look out below - are we talking shave a 100 off of S&P? What makes you think that? simply because we are slightly in backwardation and feel it will get a lot worse? expecting Trump to start war with North Korea OR bomb Syria? black swan?
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Post by lasvegas77 on Apr 6, 2017 17:07:48 GMT -5
I think the snp may touch the 200ma. Of course, it doesn't have to. But I think it will get there at the time of this writing. The factors you listed have some impact. But that is about all I feel comfortable saying openly.
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Post by walnut on Apr 6, 2017 17:09:53 GMT -5
The absolute vix level is still quite low. So the front month curled up a little, that is due to various things all hitting at once but it will pass.
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Post by theMist on Apr 6, 2017 17:10:25 GMT -5
I think the snp may touch the 200ma. Of course, it doesn't have to. But I think it will get there at the time of this writing. The factors you listed have some impact. But that is about all I feel comfortable saying openly. you should create an account so you can private message 200dsma is currently at 2220 - that is indeed a call for a real correction
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Post by lasvegas77 on Apr 6, 2017 17:12:27 GMT -5
Well, when I say openly i mean to give my vix strategies to other vix traders. haha.
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Post by lasvegas77 on Apr 6, 2017 17:13:33 GMT -5
keep in mind. I'm a flexible trader. So even though i think the snp will have a correction doesn't mean i wouldn't change my mind if the market started acting bullish again.
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Post by theMist on Apr 6, 2017 17:17:16 GMT -5
keep in mind. I'm a flexible trader. So even though i think the snp will have a correction doesn't mean i wouldn't change my mind if the market started acting bullish again. I'm surprised you only short volatility because it looks to me like your always hedging haha hedging your calls that is
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Post by lasvegas77 on Apr 6, 2017 17:26:18 GMT -5
keep in mind. I'm a flexible trader. So even though i think the snp will have a correction doesn't mean i wouldn't change my mind if the market started acting bullish again. I'm surprised you only short volatility because it looks to me like your always hedging haha hedging your calls that is Haha. Well, cash is hedging too. I very rarely try shorting the market anymore because it simply rarely works. But if a bear market is becoming clearer, I would likely try to profit from it. It's much easier to try to time a good long entry at the bottom than to short a market like this that is so choppy. I rather have the capital in case there's another scalping opportunity that is clearer.
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Post by theMist on Apr 6, 2017 17:45:59 GMT -5
If S&P fails at getting to new highs (over 2400) then SP 2300 is still on the table IMO
MACD and MACD Histogram need to roll bullish but if they start ticking lower - could mean more selling
SP 2300 area is worse case scenario that I see
So either we backtest SP2300 area now and fill that GAP that S&P left behind OR we rise up to SP 2460-2470 area now
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Post by lasvegas77 on Apr 6, 2017 17:49:19 GMT -5
It wouldnt' be surprising to see a rally off of 2300 very strongly. But if it rallies off of that i would be inclined to see it fall back below it not much later.
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Post by lasvegas77 on Apr 6, 2017 20:26:09 GMT -5
Dow futures are down 80 points off the highs on Syrian war news
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Post by walnut on Apr 6, 2017 20:28:38 GMT -5
Yeah bought some vix futures
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Post by lasvegas77 on Apr 6, 2017 20:31:43 GMT -5
Have you ever made money doing that?
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Post by theMist on Apr 6, 2017 20:32:26 GMT -5
The Good Lord always takes care of me all cash
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Post by lasvegas77 on Apr 6, 2017 20:34:06 GMT -5
Interesting Mist. Surprised you covered. I would have thought you would have mentioned it before.
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Post by walnut on Apr 6, 2017 20:34:55 GMT -5
Have you ever made money doing that? It is insurance. I basically closed my VXX short.
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Post by theMist on Apr 6, 2017 20:34:56 GMT -5
Interesting Mist. Surprised you covered. I would have thought you would have mentioned it before. what - and tell another vix trader ALL my secrets?! I made some good $$ and wasn't going to pass up. I covered bulk in AH
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Post by lasvegas77 on Apr 6, 2017 20:36:23 GMT -5
Interesting Mist. Surprised you covered. I would have thought you would have mentioned it before. what - and tell another vix trader ALL my secrets?! haha.
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Post by walnut on Apr 6, 2017 20:36:26 GMT -5
ES futures already bouncing back.
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