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Post by walnut on Jun 5, 2017 11:01:30 GMT -5
almost there now
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Post by theMist on Jun 5, 2017 11:07:05 GMT -5
VXX 13!!  |
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Post by theMist on Jun 5, 2017 11:13:35 GMT -5
Always that first hour where markets are volatile
and then markets calm down and VXX drifts lower throughout the rest of the day
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Post by ipath on Jun 5, 2017 11:27:42 GMT -5
I am surprised with Comey testifying this week the markets are this calm and the scams at around all time lows. Usually markets hate the unknowns, even if possible outcomes of an event are equally good/bad for the market, the volatility will rise because of the unknown
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Post by theMist on Jun 5, 2017 11:31:18 GMT -5
I am surprised with Comey testifying this week the markets are this calm and the scams at around all time lows. Usually markets hate the unknowns, even if possible outcomes of an event are equally good/bad for the market, the volatility will rise because of the unknown This Bull market is so resilient that it will wait until Thursday morning to start to show a little concern lol |
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Post by lasvegas77 on Jun 5, 2017 11:32:33 GMT -5
I am surprised with Comey testifying this week the markets are this calm and the scams at around all time lows. Usually markets hate the unknowns, even if possible outcomes of an event are equally good/bad for the market, the volatility will rise because of the unknown I agree with you ipath. However, in this case, Comey's credibility has been greatly tarnished since the last spike on the vix. Even if he says Trump pressured him to drop the case on Flynn, few believe him anymore. Does anyone really believe Comey at this point can get Trump impeached? |
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Post by lasvegas77 on Jun 5, 2017 11:34:23 GMT -5
I am surprised with Comey testifying this week the markets are this calm and the scams at around all time lows. Usually markets hate the unknowns, even if possible outcomes of an event are equally good/bad for the market, the volatility will rise because of the unknown The bull market is so resilient that it will wait until Thursday morning to start to show a little concern lol I believe if there is going to be any rise on the vix it will be already crashing back down by thursday morning. |
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Post by theMist on Jun 5, 2017 11:36:49 GMT -5
S&P Hourly Chart
Sideways consolidation in S&P while VIX SCAMs drift lower 
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Post by lasvegas77 on Jun 5, 2017 11:37:34 GMT -5
Comey already said that he never was influenced for political purposes so he will look like a liar now if he says oh yeah Trump did influence him actually.
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Post by ipath on Jun 5, 2017 11:39:30 GMT -5
Good point LV... I think it all depends how the media spins it, and I have a feeling they will try their best to make it as big as possible
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Post by theMist on Jun 5, 2017 11:48:45 GMT -5
VXX Hourly Chart
Parallel Bear flag consolidation should put VXX around 12.88ish VXX may back test the break (13.08ish) quickly before turning back down VXX currently 13.05 
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Post by lasvegas77 on Jun 5, 2017 11:58:36 GMT -5
I'm going on a 3500 mile road trip through 7 national parks later this month for 5 weeks. Trying to decide whether i will go to cash or hold out during the trip for my intermediate trade.
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Post by theMist on Jun 5, 2017 12:00:28 GMT -5
After a strong move UP, S&P is consolidating high and tight
Another 30 S&P pts and we're at large iH&S SP2468 target
Cup & Handle formation puts S&P at 2480-90 range
Large Ascending Triangle puts S&P at SP2520-2530
I believe S&P will hit SP2500 and will struggle little and pullback like when we crossed 2400 milestone
Play it as you will but I strongly believe S&P2468-2500 should be a lock
S&P currently SP2438
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Post by lasvegas77 on Jun 5, 2017 12:06:56 GMT -5
After a strong move UP, S&P is consolidating high and tight Another 30 S&P pts and we're at large iH&S SP2468 target Cup & Handle formation puts S&P at 2480-90 range Large Ascending Triangle puts S&P at SP2520-2530 I believe S&P will hit SP2500 and will struggle little and pullback like when we crossed 2400 milestone Play it as you will but I strongly believe S&P2468-2500 should be a lock S&P currently SP2438 I agree with that. But what happened to your bearish view when we were under 2400? |
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Post by theMist on Jun 5, 2017 12:12:41 GMT -5
After a strong move UP, S&P is consolidating high and tight Another 30 S&P pts and we're at large iH&S SP2468 target Cup & Handle formation puts S&P at 2480-90 range Large Ascending Triangle puts S&P at SP2520-2530 I believe S&P will hit SP2500 and will struggle little and pullback like when we crossed 2400 milestone Play it as you will but I strongly believe S&P2468-2500 should be a lock S&P currently SP2438 I agree with that. But what happened to your bearish view when we were under 2400? Always maintained bull trend. In order for that to break would have had to gotten below 2200ish on S&P. Was just a question of whether S&P corrected down to 2300 before continuing to where we are today. The one day selloff had no follow thru and when VXX gapped back down into descending channel (the next day) it was clear to reshort the VIX SCAMs and correction was off the table. If you recall, I called for a back test of SP2350ish (neckline of iH&S) but was surprised when it hit in ONE day. In ONE day!! Honestly LV - If the one day selloff had follow thru and that SP2350ish support (backtest) didn't hold - I believe your trading would have suffered a major set back as VXX reached for VXX 18-23 range The Bull market resiliency isn't going to last forever and one day we will get a REAL correction where VXX doubles What are you doing will be very dangerous going forward after those Bullish targets are met IMO |
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Post by lasvegas77 on Jun 5, 2017 12:17:22 GMT -5
It certainly would have been a setback if vxx hit those high targets. However, we must trade what's in front of us. Manipulated markets are here to stay with us until they aren't. At this point, Fidelity forced me to only use half positions on tvix if i hold overnight as they have stayed with their 200% requirement. Perhaps it's for the best but for now im not liking that. So im using 100% vxx positions instead now. Will take longer to make more but at least I'm more than able to handle a pretty big spike now.
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Post by theMist on Jun 5, 2017 12:20:09 GMT -5
It certainly would have been a setback if vxx hit those high targets. However, we must trade what's in front of us. Manipulated markets are here to stay with us until they aren't. At this point, Fidelity forced me to only use half positions on tvix if i hold overnight as they have stayed with their 200% requirement. Perhaps it's for the best but for now im not liking that. So im using 100% vxx positions instead now. Will take longer to make more but at least I'm more than able to handle a pretty big spike now. Still 200%? that sucks -- I thought margin requirement reverted back when you closed out position? |
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Post by lasvegas77 on Jun 5, 2017 12:20:28 GMT -5
If the conditions were met, I would have covered my position all the way after that vix spike if it were going to follow through by the way.
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Post by lasvegas77 on Jun 5, 2017 12:21:56 GMT -5
It appears that they have raised the requirement for everyone at this time. I'm really not sure what triggered the requirement. They already had a 200% requirement on uvxy but left tvix. Perhaps someone discovered the discrepancy. It does make me wonder if i should transfer money to scottrade though.
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Post by theMist on Jun 5, 2017 12:24:12 GMT -5
If the conditions were met, I would have covered my position all the way after that vix spike if it were going to follow through by the way. I hear ya For me, its always a learning experience and I don't get every call right -- no one does And never again will I take a S&P rising wedge break lightly |
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