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Post by Herceg on Jul 3, 2017 9:01:01 GMT -5
slow grind up but many on CNBC.............more than usual talking about over valuation.......
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Post by theMist on Jul 3, 2017 9:04:43 GMT -5
What happened Mist, you were the guy who by now would be all in I can imagine that 80k swing last week made you more cautious Yes - I shorted some VXX 12.53
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Post by theMist on Jul 3, 2017 9:23:05 GMT -5
Tech starting to sell already
Tech selling and Banks running
VXX still tough at these levels
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Post by theMist on Jul 3, 2017 9:57:55 GMT -5
Nasdaq red
VXX might fill morning gap to 12.76
I have feeling markets are going to start to dump now
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BigM
Full Member
Posts: 142
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Post by BigM on Jul 3, 2017 10:00:19 GMT -5
I just got a GLD strangle this morning for .44. The July 21 $113.50 put for .19 and the $119.50 call for .25. My friend gave me this idea. Gold has broken a 7 month trendline this morning. Seems like a break in trend in the past to the upside or downside is good for ± $5-6 on GLD. I am also going to put in a GTC sell order for .75. (that would be about a 60% profit) If I don't get the .75 order filled by July 14th then I will sell and take whatever I can get on that day. Thoughts?
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Post by ipath on Jul 3, 2017 10:23:33 GMT -5
I don't know much about GLD, the most money I have ever lost was when I started messing with gold after the UWTI was discontinued. I loved the oil ETF, it was losing value over time due to the contango. Triple leveraged, went down even in months when oil was up. I just got some call options in SLV and put options in Kohls.. dept stores have been trading in that range where they are at the higher end now. made a lot of money on shorting Kohls lately once it hits close to 40
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Post by Herceg on Jul 3, 2017 10:38:06 GMT -5
Lots' of rotation with sectors..............
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Post by theMist on Jul 3, 2017 10:51:55 GMT -5
VXX 10day sma currently at 12.65
I see that as pivot
Close above it might not be good sign for short term and VXX feels like it wants to at least fill morning gap to 12.76 we'll see...VXX definitely tricky at these levels
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Post by theMist on Jul 3, 2017 10:53:31 GMT -5
Lots' of rotation with sectors.............. I think Tech makes up 25% of S&P
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Post by theMist on Jul 3, 2017 11:08:45 GMT -5
VXX takes out 20dsma at 12.91 and that will really not be good if it closes above it
Moving averages are very close and tight at these levels
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Post by theMist on Jul 3, 2017 11:22:18 GMT -5
VXX feels like its basing in 12s for move higher and S&P rises UP only to rollover fast (Selling the RIPs) instead of consolidating after strong move contango in 3% range and roll yield low
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Post by ipath on Jul 3, 2017 11:36:41 GMT -5
Nice summary mist. All in all, should've slept in today
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Post by Herceg on Jul 3, 2017 11:58:17 GMT -5
Nice summary mist. All in all, should've slept in today I agree with you.................Kept watching C but did nothing..............with this rotation, cannot figure out what is what.............OR even if it will last..............Tech down big today but Fins and other sectors up big...............................Happy 4th to everyone and stay well...........
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Post by Herceg on Jul 3, 2017 12:00:51 GMT -5
PS..............how the hell is retail up...............how can one not be leery of the mkt. with crap like that......
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Post by theMist on Jul 3, 2017 12:01:27 GMT -5
I went long VXX at 12.59-12.60 about 48k shares after losing on small short scalp
I held onto 10k shares VXX at the close
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Post by theMist on Jul 3, 2017 12:04:22 GMT -5
VXX Daily chart After gapping down markets sold off and VXX shot right up to close above both 10dsma and 20dsma Have to be careful shorting VIX SCAMs going forward and I believe they have more to run higher
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Post by theMist on Jul 3, 2017 12:29:21 GMT -5
Have order to sell 10k VXX in AH at 13.10 so I'll be able to trade on Wednesday S&P Hourly Chart S&P still trending down - lower highs and lower lows talk to you guys later Happy 4th everyone!
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Post by Herceg on Jul 3, 2017 13:01:14 GMT -5
Have order to sell 10k VXX in AH at 13.10 so I'll be able to trade on Wednesday S&P Hourly Chart S&P still trending down - lower highs and lower lows talk to you guys later Happy 4th everyone! Just about there.................Retail, Materials & Mining and Banks up today...............Tech down..........VIX scams climbing so all sectors should be negative on Wednesday.............of course nothing is certain with this mkt...............Happy 4th again.............
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Post by walnut on Jul 4, 2017 9:21:56 GMT -5
Nice trade going long Mist!
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