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Post by theMist on Jul 20, 2017 9:39:09 GMT -5
This move should dump all the way back to SP2460 on futures
VXX hitting tough resistance (underneath that long term support now)
For now -- I'll be happy with a green close for VXX and then follow thru tomorrow
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Post by clinton on Jul 20, 2017 9:39:31 GMT -5
these small pullbacks gonna get gobbled up
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Post by clinton on Jul 20, 2017 9:40:35 GMT -5
using a little logic here employment higher than ever most employees have 401kS now that buy stocks wall st bonuses more in stocks now with record number of employed, lots of payroll money going into the market EVERY WEEK this market could stay bullish until massive layoffs happen. OK now watch it crash LOL
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Post by walnut on Jul 20, 2017 9:45:00 GMT -5
using a little logic here employment higher than ever most employees have 401kS now that buy stocks wall st bonuses more in stocks now with record number of employed, lots of payroll money going into the market EVERY WEEK this market could stay bullish until massive layoffs happen. OK now watch it crash LOL There could be a technical crash soon.
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Post by Herceg on Jul 20, 2017 9:54:52 GMT -5
As usual the mkt. does not make sense....................just looking at some stocks like PM and HOG...........both missed and said things are getting worse, but yet both up...............best to sit on the sidelines and watch..................JMO and BOL..............
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Post by theMist on Jul 20, 2017 9:57:56 GMT -5
That quick move in VXX closed gap to 11.54 BTW
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Post by walnut on Jul 20, 2017 9:59:33 GMT -5
That quick move in VXX closed gap to 11.54 BTW That's not particularly good
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Post by walnut on Jul 20, 2017 10:07:07 GMT -5
VIX back in the 9s
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Post by theMist on Jul 20, 2017 10:10:20 GMT -5
Remember: Last time it took 17 trading days for S&P to dump hard and backtest SP2350 (5/17) -- we're 7 days into this run
That was the one day 300 pt selloff if you recall
VXX went from 13.55 to 16.11 on 5/17
We can still be a week or two early with our bear trade
In our favor: volatility is extremely oversold in short term and markets are irrational But like ipath said: sometimes markets can stay irrational more than we can stay solvent lol
I would like to see VXX close green today and pop right back above that long term support (now resistance)
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Post by walnut on Jul 20, 2017 10:20:01 GMT -5
Remember: Last time it took 17 trading days for S&P to dump hard and backtest SP2350 (5/17) -- we're 7 days into this run That was the one day 300 pt selloff if you recall VXX went from 13.55 to 16.11 on 5/17 We can still be a week or two early with our bear trade In our favor: volatility is extremely oversold in short term and markets are irrational But like ipath said: sometimes markets can stay irrational more than we can stay solvent lol I would like to see VXX close green today and pop right back above that long term support (now resistance) It is amazing that VXX got so low that even on that pop it did not reach that long term support.
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Post by clinton on Jul 20, 2017 10:56:44 GMT -5
LONG UAA at 20.69
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Post by theMist on Jul 20, 2017 11:01:30 GMT -5
BBL - going to get lunch
boring action and little selling earlier very controlled
still early for any real significant pullback
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Post by clinton on Jul 20, 2017 11:06:48 GMT -5
LONG DSW at 17.14
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Post by clinton on Jul 20, 2017 11:46:05 GMT -5
LONG EGOV 18.50 just dropped hARD
WEEEEEEEEEEEE
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Post by theMist on Jul 20, 2017 11:54:45 GMT -5
You guys fall asleep yet? lol
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Post by walnut on Jul 20, 2017 12:01:48 GMT -5
VXX actually trending up more than down since yesterday morning FWIW.
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Post by ipath on Jul 20, 2017 12:23:29 GMT -5
time to short Kohls again, on top of the range
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Post by ipath on Jul 20, 2017 12:25:22 GMT -5
KSS 40.23 now, tomorrow $39.. in a week or two $36
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Post by ipath on Jul 20, 2017 12:33:08 GMT -5
Did any of you bears lighten your position on the small pop earlier. I was tempted but didn't
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Post by theMist on Jul 20, 2017 12:33:35 GMT -5
VXX actually trending up more than down since yesterday morning FWIW. Problem is the longer this slow grind lasts its going to chip away at VXX Final hour might see a small pop S&P trading like it still wants higher Didn't lighten up -- I have my portfolio structured to ride out SP2500 if need be
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