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Post by theMist on Apr 7, 2017 10:28:19 GMT -5
I'm seeing vix 13.18
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Post by walnut on Apr 7, 2017 10:29:42 GMT -5
no only 12.95 it is coming back down
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Post by theMist on Apr 7, 2017 10:34:36 GMT -5
CNBC - Russian warship deployed to Middle East
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Post by lasvegas77 on Apr 7, 2017 10:39:40 GMT -5
Didn't Las Vegas always say that Friday is a good day to sell volatility?! VXX 16.05 I said that 'usually' the job numbers is good for shorting but the contango said no way this time.
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Post by walnut on Apr 7, 2017 10:40:29 GMT -5
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Post by theMist on Apr 7, 2017 10:42:09 GMT -5
LV - you mean backwardation
And if they hit the sell button again - VIX ETPs will fly
VXX 16.44
looking at daily chart - if this starts to get real ugly VXX can hit 17.33 (50dsma on daily)
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Post by lasvegas77 on Apr 7, 2017 10:44:46 GMT -5
i was referring to the backwardization but i used "contango" to show the lack of contango.
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Post by Lasvegas77 on Apr 7, 2017 10:46:45 GMT -5
the contango takes precedent above all else.
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Post by walnut on Apr 7, 2017 10:52:04 GMT -5
CNBC - Russian warship deployed to Middle East Is it this one? the ЭСКАДРЕННЫЙ БРОНЕНОСЕЦ РЕТВИЗАН
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Post by lasvegas77 on Apr 7, 2017 10:55:11 GMT -5
Mist, I think i remember you saying if the Es turns green by morning you would take a break from the casino.
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Post by walnut on Apr 7, 2017 10:57:07 GMT -5
It hadn't turned green by market open though, I don't think, but it has now.
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Post by lasvegas77 on Apr 7, 2017 10:58:01 GMT -5
I believe i woke up and saw the futures green on my phone at one point before the open.
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Post by theMist on Apr 7, 2017 11:00:15 GMT -5
Mist, I think i remember you saying if the Es turns green by morning you would take a break from the casino. lol - yeah I'm about to
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Post by walnut on Apr 7, 2017 11:01:57 GMT -5
I don't know. Could make a case that this is a great place to start longer term short on VXX.
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Post by lasvegas77 on Apr 7, 2017 11:04:10 GMT -5
If you were not already in, would you really want to short here Walnut?
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Post by walnut on Apr 7, 2017 11:11:25 GMT -5
With what I know, yes I would. I understand and respect your point of view about it though.
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Post by lasvegas77 on Apr 7, 2017 11:21:33 GMT -5
Another green day for the market with the vix up.
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Post by theMist on Apr 7, 2017 11:30:42 GMT -5
We get an ulgy close and that won't be good going into next week.
And I can't see why anyone would want to hold over the weekend with everything that has been going on.
But I'm not calling this a BEAR market or BIG TOP - just possibly move down to 2300 (since moves higher have been rejected) and I'm sure there will be a ton of buyers in that area IMO I still maintain that if BULLs can't get S&P over 2400 then 2300 is still on the table and even with that the trend is still Bullish
unfortunately with the way VIX SCAMs are trading (along with backwardation), that can put them quite higher in short term
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Post by theMist on Apr 7, 2017 11:39:00 GMT -5
VXX 16.46 breaks and next stop is 16.65 area -- possibly low 17
and VXX has been consolidating just below 16.46
and not so sure VXX will rollover at that point and drop back down hard at that point like it has so many times before I wont be shorting VXX
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Post by theMist on Apr 7, 2017 11:43:16 GMT -5
Something else I noticed -- VXX BBs on daily chart are squeezing and we have bullish indicators
could mean pop to VXX 17.33 area and higher
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