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Post by theMist on Jun 1, 2017 11:52:03 GMT -5
S&P still rising to record highs and VXX stauling at 13.23ish
Covering half short position -- I'm short a lot 40k shares and will cut in half
Watching 15 min indicators in case rolls bullish and how price action will react
VXX 13 still on the table - just not sure today or tomorrow
VXX is still trending down -- will just take little more time
VXX 13.23 currently
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Post by lasvegas77 on Jun 1, 2017 12:04:06 GMT -5
Expecting the market to keep rallying with the Trump withdrawal of the Paris accords at 3pm announcement.
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Post by Lasvegas77 on Jun 1, 2017 12:05:17 GMT -5
i just bought xiv and shorted uvxy at 10.53 at scottrade.
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Post by theMist on Jun 1, 2017 12:14:28 GMT -5
Out completely at 13.23 - 5k profit
Waiting to see how VXX 15 min indicators roll - might roll bullish and want to see how VXX price action reacts
Every 10 cent move in VXX is 4k for me at 40k shares short vxx
Will look to reshort and it might be at same price
just waiting out 15 min indicators to see if roll bullish and if VXX pops little
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Post by theMist on Jun 1, 2017 12:28:47 GMT -5
Contango looking real good  |
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Post by theMist on Jun 1, 2017 12:33:46 GMT -5
VXX 15 min indicators went bullish VXX gets above 13.25 and it could get back to low 13.30s waiting to see how next hour plays out VXX 15 min chart |
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Post by theMist on Jun 1, 2017 12:51:03 GMT -5
LV -- Frustrating when I saw VXX staul at 13.23 and watched S&P jump another 6 handles
And now VXX threatening to pop back into 13.30s if S&P decides to sell a little going into close
VXX 13.24
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Post by lasvegas77 on Jun 1, 2017 13:03:11 GMT -5
It sure did stall which is terrible to sit through. But i also think tomorrow there will be more of a fall with the job numbers.
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Post by theMist on Jun 1, 2017 13:22:54 GMT -5
VXX does appear to be bear flagging in this spot and should take another leg lower at some point
I just don't like that it hasn't broken down already with SP now at 2427 and just 3 pts away from smaller iH&S target
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Post by lasvegas77 on Jun 1, 2017 13:26:57 GMT -5
VXX does appear to be bear flagging in this spot and should take another leg lower at some point I just don't like that it hasn't broken down already with SP now at 2427 and just 3 pts away from smaller iH&S target Usually it would bother me too. BUt i think there's people hedging for the trump speech at 3pm. |
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Post by theMist on Jun 1, 2017 13:32:59 GMT -5
VXX does appear to be bear flagging in this spot and should take another leg lower at some point I just don't like that it hasn't broken down already with SP now at 2427 and just 3 pts away from smaller iH&S target Usually it would bother me too. BUt i think there's people hedging for the trump speech at 3pm. VXX should absolutely head to 13 -- just a question of how it gets there as always For today, if VXX makes it to 13.34-13.43ish range, I'll definitely reshort some might get that quick final hour pop VXX 13.24 |
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Post by theMist on Jun 1, 2017 13:53:42 GMT -5
Have my VXX short orders stacked up -- this fits my trading style with shorting into a spike I'd be surprised if first one hits lol Based off moving averages on small timeframes First moving average to hit was 13.28 20EMA on 15 min chart -- didn't short any VXX 13.26  |
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Post by theMist on Jun 1, 2017 14:01:50 GMT -5
S&P Futures put in topping candle -- needs confirmation
So does S&P cash chart
S&P also could just be trading sideways now -- Bull flagging
S&P HOD might be in SP2426.94
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Post by lasvegas77 on Jun 1, 2017 14:09:22 GMT -5
That's interesting Mist. I used to put in limit orders and hope they hit. Now. I just wait and put the limit order where it's trading when i want to get in. My belief is that the algos see your orders in advance so they are unlikely to hit when you give them the chance.
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Post by theMist on Jun 1, 2017 14:18:14 GMT -5
That's interesting Mist. I used to put in limit orders and hope they hit. Now. I just wait and put the limit order where it's trading when i want to get in. My belief is that the algos see your orders in advance so they are unlikely to hit when you give them the chance. I usually don't stack limit orders like this and I trade more on the fly using market orders in increments priced like shown (adding more and more as rises) I'm honestly not looking to reshort 35k shares VXX in final hour BUT if they give me those prices I'll take it I doubt they will hit |
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Post by theMist on Jun 1, 2017 14:21:06 GMT -5
VXX forming larger flag and still consolidating in this range At some point should take another leg lower IMO VXX 15 min chart |
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Post by lasvegas77 on Jun 1, 2017 14:23:09 GMT -5
Im doubtful you'll see those prices before new lows.
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Post by lasvegas77 on Jun 1, 2017 14:24:02 GMT -5
I'm probably holding this overnight. Unless i see some huge profits that i can't resist.
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Post by theMist on Jun 1, 2017 14:27:07 GMT -5
I'm probably holding this overnight. Unless i see some huge profits that i can't resist. You'll do just fine -- VXX should be at 13 at some point by tomorrow And I'll be reshorting tomorrow - most likely in this 13.20 range |
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Post by lasvegas77 on Jun 1, 2017 14:29:09 GMT -5
Trump is already a half hour late
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