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Post by theMist on Jun 21, 2017 9:09:19 GMT -5
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Post by theMist on Jun 21, 2017 9:15:01 GMT -5
BTW - that iH&S (if it confirms with move above neckline) in S&P Futures
would put S&P back into upper SP2440 range
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Post by ipath on Jun 21, 2017 9:24:21 GMT -5
I am also looking at going long biotech, specifically GILD... I think this is a sector that has underperformed and is at turnaround point Missed out, GILD already 2% up. Tried to buy some call options after market open but went up too quickly. So, now VXX really needs to drop |
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Post by theMist on Jun 21, 2017 9:27:35 GMT -5
S&P Hourly FuturesHere is the bottoming iH&S pattern markets trying to put in If get solid move above horizontal neckline - should put S&P back into mid to upper SP2440 range 
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Post by theMist on Jun 21, 2017 9:35:12 GMT -5
S&P Hourly Chart S&P trying to get back above yellow line sym triangle resistance and should IMO The quick break below yellow line yesterday should turn out to be nothing more than a quick little shake out move as S&P moves back above it  |
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Post by Herceg on Jun 21, 2017 9:40:50 GMT -5
Nice start to the day.............hoping for more action..... KMX - 09:32:45 Bought to Cover 100s @ $62.3027 - Total: $6,234.72 RHT - 09:24:01 Bought to Cover 75s @ $97.90 - Total: $7,346.95 KMX - 08:47:16 Sold Short 100s @ $64.05 - Total: $6,400.41 RHT - 08:30:04 Sold Short 39s @ $99.25 - Total: $3,870.67 RHT - 08:10:23 Sold Short 15s @ $99.25 - Total: $1,488.72 RHT - 08:09:47 Sold Short 21s @ $99.25 - Total: $2,079.76 ~$258....... This should do it for today.............RHT slowly grinding up and KMX dropped much further than I expected...........LZB too slow it seems to get any type of movement............BOL to all............. LZB - 10:34:45 Bought to Cover 300s @ $29.85 - Total: $8,959.45 LZB - 09:50:45 Sold Short 150s @ $30.605 - Total: $4,586.19 LZB - 09:42:19 Sold Short 150s @ $30.06 - Total: $4,504.45 ~$131....... ~$389 for the day............ |
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Post by theMist on Jun 21, 2017 9:41:49 GMT -5
Nice! Nice!
S&P breaking out back above resistance over SP2440 cash chart
Needs follow thru now
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Post by walnut on Jun 21, 2017 9:56:55 GMT -5
VXX sitting on hourly and 15 minute BBs will probably make this a slow grind IMO
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Post by theMist on Jun 21, 2017 9:59:33 GMT -5
Sp2440 is definitely a fight
SP needs to stay above it
S&P dropped back hard at top of the hour
S&P has gap support around SP2432ish if its intending to close the gap
Surprisingly VXX bouncing only a little off the lod
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Post by theMist on Jun 21, 2017 10:19:03 GMT -5
S&P fills the gap on cash charts at SP2432.99
and should provide some support
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Post by theMist on Jun 21, 2017 10:23:01 GMT -5
Recap: So S&P starts to break out above SP2440 and hits SP2442 At 11am EST they hit the sell button and S&P drops almost 10 pts to SP2433ish and VXX barely budges I told you pounding them helps  VXX 12.71  |
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Post by theMist on Jun 21, 2017 10:46:09 GMT -5
S&P Futures Hourly Started to breakout and then dropped all the way back to lower BB and is putting in a long, long bottom wick Could be the move that really catapults S&P back to highs  |
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Post by theMist on Jun 21, 2017 10:50:41 GMT -5
S&P Hourly Cash Chart S&P just missed filling the gap to that hourly candle at SP2432.99 But S&P could have just been wanting to back test SP 2433.95 which is valley high of small double bottom Double bottom indicated with arrows. Double bottom already played out with Monday's rally but never backtested Lately, short term market moves are little difficult to call - I bet energy, oil see-sawing markets But that long bottom wick on Hourly is very promising for Bulls  |
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BigM
Full Member
Posts: 142
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Post by BigM on Jun 21, 2017 11:25:59 GMT -5
Mutumbo was at SPX 2442. Rejected it and sent it down 9 points.
SPX Really needs to get above that descending line to get back to bullishness IMO.
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Post by theMist on Jun 21, 2017 11:27:16 GMT -5
Mutumbo was at SPX 2442. Rejected it and sent it down 9 points. SPX Really needs to get above that descending line to get back to bullishness. lol - Mutumbo sent it down He's a good man BTW with his Humanitarian Efforts |
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Post by ipath on Jun 21, 2017 11:30:03 GMT -5
wow KMX went red
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Post by theMist on Jun 21, 2017 11:31:26 GMT -5
What's KMX? That's a different language for me lol Oh, I see Carmax I only see the crack scams lmao |
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Post by ipath on Jun 21, 2017 11:37:07 GMT -5
What's KMX? That's a different language for me lol Oh, I see Carmax I only see the crack scams lmao LOL Herceg was trading this all morning, shorting it when it was 5-6% up after earnings beat. now its red |
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Post by theMist on Jun 21, 2017 12:02:40 GMT -5
I have to say VIX SCAMs are pinned down nicely in light of S&P selling
Walnut is calculating 5 cent drop rate (slightly down from 8 cents from yesterday) for VXX for today; TVIX, UVXY would be double that
And S&P hit lod SP2433.09 so far and to fill gap completely would have to hit SP2432.99 (gap support)
S&P is range bound and consolidating in this area after Mutumbo rejected it at SP2442.23 lol
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Post by theMist on Jun 21, 2017 12:14:48 GMT -5
Finally!!!! Finally S&P filled the gap at lod SP2432.89
And should be hitting gap support in this area and bouncing
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