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Post by lasvegas77 on Jun 12, 2017 13:16:44 GMT -5
The roll yield is very tiny now at 3%.
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Post by theMist on Jun 12, 2017 13:45:51 GMT -5
Gotta pound the VIX SCAMs!! Need VXX to drop!! Fill morning gap up would be nice!
VXX 13.56
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Post by Herceg on Jun 12, 2017 13:47:05 GMT -5
I guess all is well in tech land again...............They either screwed the Bears on Friday or will be screwing the Bulls today.............time will tell..............
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Post by Herceg on Jun 12, 2017 13:53:50 GMT -5
Looks like algo buy programs kicked in on some of these stocks this afternoon..............sharp up movements fairly quickly............
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Post by walnut on Jun 12, 2017 14:02:08 GMT -5
On the other hand, vxx doesn't want to drop yet
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Post by theMist on Jun 12, 2017 14:36:05 GMT -5
S&P HourlyS&P gaps down underneath rising support tomorrow and move down could have legs
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Post by theMist on Jun 12, 2017 14:49:39 GMT -5
Covering VXX short at 13.50
talk to you guys later
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Post by lasvegas77 on Jun 12, 2017 14:54:02 GMT -5
Covering VXX short at 13.50 Probably for the best. The vix might give shorts a relief with the fed meeting announcement but i don't think the easy money for shorting the vix is over for a while. Vix seasonality does appear to bottom around the 4th of july weekend and then spikes hard into October.
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Post by lasvegas77 on Jun 12, 2017 14:54:49 GMT -5
correction: I think the easy money is over for shorting the vix for a while.
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Post by theMist on Jun 12, 2017 17:42:34 GMT -5
Jim's video
He mentions the possibility of large rising wedge toward end of video
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Post by theMist on Jun 12, 2017 17:48:47 GMT -5
S&P 4 HR ChartShows possible large rising wedge If plays out can take S&P lower real fast SP4HR indicators bearish The way I see it, today was a backtest of the break below channel support now turned resistance -- bounced right at rising support We had a bullish close and need to see follow thru tomorrow. Surprise gap down underneath that rising white support line, the move can have legs
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Post by walnut on Jun 12, 2017 18:07:06 GMT -5
I don't like the look of the SP 4 hour indicators, I agree look pretty bearish. But the hourly indicators show some hope. Probably just a bear flag.
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Post by walnut on Jun 13, 2017 6:58:02 GMT -5
Sold a little vxx in pre market 13.27.
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