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Post by walnut on May 9, 2017 9:10:16 GMT -5
S&P new all time highs  and contango back at 9, almost 10 |
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Post by theMist on May 9, 2017 9:11:15 GMT -5
sold short 5k VXX 14
looking to add more
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Post by theMist on May 9, 2017 9:15:18 GMT -5
Should have shorted more
only shorted 5k at 14
VXX closed gap to old all time low 14.01 and that's when I shorted some
but was hoping VXX would have closed morning gap to 14.09
can still put in late run to try and fill it
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Post by walnut on May 9, 2017 9:16:35 GMT -5
I should have added there. Thought it was going higher and didn't.
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Post by theMist on May 9, 2017 9:22:00 GMT -5
VXX goes green and I add more short for scalp
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Post by theMist on May 9, 2017 9:36:13 GMT -5
Somebody wake up Las Vegas
He's sitting on nice profits
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Post by theMist on May 9, 2017 9:43:42 GMT -5
S&P looking to fill morning gap up
S&P 2398.95
As soon as VIX SCAMs go green, air should be taken out of them
Have to be open for VXX 14.18ish also
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Post by theMist on May 9, 2017 9:47:10 GMT -5
Here's the descending channel in VXX VXX tagged right around resistance of descending channel support with gap down this morning Cleaned up VXX chart little better  |
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Post by Herceg on May 9, 2017 10:13:59 GMT -5
Dull day..............very little movement..............mkt. looking to justify moving up without making the manipulation obvious...................Even UVXY and TVIX barely moving.............
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Post by theMist on May 9, 2017 10:19:50 GMT -5
VXX 15 Min Chart UpdatedThoughts - VXX all time low on Friday was 14.29 Monday VXX gapped down and never back tested that break. Small H&S target was hit with this morning's gap down and tag of VXX 13.86 VXX appears to be forming small bull flag (range) which if plays out can take VXX to
back test that break of 14.29 (red arrow)This morning's gap down formed a red hollow bottom candle outside of lower BB on VXX 15 min The body of that candle got covered with quick move to 14.90 The move also acted like a short term bottom and VXX didn't sidestep it and bear flag back into those BBs And with a strong move outside lower BB like that, can produce strong move to UPPER BB It is possible that VXX 13.86 can be short term bottom and at some point should retest 14.29 (red arrow) and eventually VXX 15 Have to keep eye on VXX falling wedge also My small short VXX at 14 is starting to look more and more like not the best of cost averages I'm thinking VXX can hit 14.17ish HOD today but could be wrong I closed out my VXX short at 14.02 just now - no positions and I could possibly be a little over anxious but I believe will have a better chance to short VXX at slightly higher prices down the road Contango still nice and high and VIX SCAMs can still drift lower so I am conflicted S&P chart also still bullish in long term but doesn't mean S&P can't still drop down and put in some back testing NOTE: Not that I am calling for these higher prices in VXX today, just that I am seeing the possibility of higher VXX prices going forward and I don't like my cost average at 14 and that's why I jettisoned out of the trade. Just saying I'm neutral right now VXX currently 14.02 
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Post by theMist on May 9, 2017 11:16:18 GMT -5
talk to you guys later
going to get lunch
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Post by lasvegas77 on May 9, 2017 11:17:19 GMT -5
Somebody wake up Las Vegas He's sitting on nice profits Good morning Mist!  Looks like the early session was well worth sleeping through. Now off to make my fresh off the farm 100% Kona coffee. |
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Post by lasvegas77 on May 9, 2017 11:47:47 GMT -5
I should have added there. Thought it was going higher and didn't. When did you get in the first place walnut? |
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Post by theMist on May 9, 2017 12:16:41 GMT -5
VXX 15 min chartGotta watch that possible (keyword 'possible') ascending triangle forming Resistance at 14.08. VXX making higher lows so far today VXX needs to break below that rising support (small green line) and take out LOD (13.86) to have all clear And so far VXX is rejecting 13s and VXX hasn't closed morning gap to 14.09 
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Post by theMist on May 9, 2017 12:29:11 GMT -5
Getting interesting
Have to watch S&P doesn't put in a REVERSAL DAY
Gapped up this morning to new highs and now turned red
Have to see how market closes
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Post by lasvegas77 on May 9, 2017 12:38:31 GMT -5
Soon vxx will reject 14s and be very much in the 10s.
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Post by lasvegas77 on May 9, 2017 12:46:18 GMT -5
Looks like the algos were on a stop hunt there. Spike to just below yesterday's close and then plunge. This is one of those occasions, holding longer really helps you not get kicked around by the rogue algos.
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Post by walnut on May 9, 2017 13:05:12 GMT -5
My ave is now 13.97. I know, I know
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Post by lasvegas77 on May 9, 2017 13:06:24 GMT -5
My ave is now 13.97. I know, I know My goodness! Remember yesterday you were waiting for the dust to settle? |
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Post by walnut on May 9, 2017 13:10:37 GMT -5
It settled pretty fast and it said get short or you are getting left
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