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Post by ipath on Aug 18, 2017 8:58:45 GMT -5
SCAMS not as sensitive to the market move down anymore.. this is good unless it starts selling off more seriously
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Post by walnut on Aug 18, 2017 9:02:12 GMT -5
Market seems as confused as we are. Kinda assumed it wanted 2400, but it is having second thoughts.
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Post by walnut on Aug 18, 2017 9:02:53 GMT -5
SCAMS not as sensitive to the market move down anymore.. this is good unless it starts selling off more seriously I've noticed that too. That is good but scams obviously still on shaky ground |
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Post by lasvegas77 on Aug 18, 2017 9:06:58 GMT -5
Still shorting from the other day. Fidelity forced me to add money into the account and cover my follow up add on.
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Post by ipath on Aug 18, 2017 9:08:51 GMT -5
I think it may be safer to go long on XIV.. it rises faster than VXX falls
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Post by walnut on Aug 18, 2017 9:10:50 GMT -5
I think it may be safer to go long on XIV.. it rises faster than VXX falls What I think I have seen is that during periods of low contango or backwardation, XIV performs worse than VXX.. That may not be the case here, contango might snap back real quick. Today you are probably right though |
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Post by ipath on Aug 18, 2017 9:22:53 GMT -5
I think it may be safer to go long on XIV.. it rises faster than VXX falls What I think I have seen is that during periods of low contango or backwardation, XIV performs worse than VXX.. That may not be the case here, contango might snap back real quick. Today you are probably right though When you say perform worse, you mean when going long XIV compared to shorting VXX? |
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Post by walnut on Aug 18, 2017 9:29:22 GMT -5
Yes, but I really mean in the case of after a major correction with prolonged backwardation. XIV gets hit worse than VXX, something in the accounting of how each trades futures I'm sure, I never figured out why.
And by "performs worse", I mean XIV stays down until contango returns.
Checking carefully that is what I think I found, unless my counting was wrong at that time. VXX recovers faster from a correction from a shorting perspective.
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Post by ipath on Aug 18, 2017 9:45:07 GMT -5
ahh ok thanks for clarification... I remember the other day when SCAMS spiked on NK talks we were in backwardation and at some point VXX was down and XIV was down too
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Post by lasvegas77 on Aug 18, 2017 10:39:22 GMT -5
I can breathe again guys. This was the first time that fidelity required an immediate attention for a margin call after hours for me. They have a 200% requirement so they seem to be getting much stricter than ever. I've been trading this a long time. Was pretty frustrating to have to deal with that but thank God Tvix is now down 8%.
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Post by walnut on Aug 18, 2017 10:40:58 GMT -5
Looking better
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Post by walnut on Aug 18, 2017 10:42:01 GMT -5
Gotta go to work Good luck BBL
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Post by clinton on Aug 18, 2017 11:58:23 GMT -5
LONG JCP at 3.48
this looks like an easy 10% min
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Post by clinton on Aug 18, 2017 14:26:41 GMT -5
LONG JCP at 3.48 this looks like an easy 10% min CEO just bought 100K shares weeeeeeeeeeeeeeee |
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Post by walnut on Aug 18, 2017 17:20:31 GMT -5
CNBC talking all volatility and correction etc again. I was gone most of the day but doesn't look like it was so bad? Chart could look better though.
Last Monday VXX gapped down after a volatile close previous Friday. Hoping it does that again.
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Post by ipath on Aug 18, 2017 21:22:54 GMT -5
CNBC talking all volatility and correction etc again. I was gone most of the day but doesn't look like it was so bad? Chart could look better though. Last Moinday VXX gapped down after a volatile close previous Friday. Hoping it does that again. hope so... I kept my short position in SCAMS by going long in XIV.. that way dont need to worry about margin in case of a black swan event over the weekend |
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Post by huh on Aug 19, 2017 8:15:44 GMT -5
So, for the week:
S&P down 6/10 of a %
NDX down 1%
DJI down 8/10 of a %
IWM down 1.1% (surprisingly down 4.6% on the month already)
Yet,
spot VIX down 8%
and VXX down 2.6%
In the end, not much really happened for the week except that if there was any fear for the market, it weakened
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Post by huh on Aug 19, 2017 8:33:20 GMT -5
I believe that was a bearish close. However, all three indices left another upside gap with Thursday's open. Those gaps are likely to get filled. Either with a 2% gap up Monday, or if down first, after NDX tests that 5753 support area I showed before (S&P down to ~2406-2410): The next major support I'm watching is NDX ~5753. That's a critical support, and a close below that would signal a major top IMO. However, it's the exact same critical support where bears have been slaughtered over, and over, and ...  |
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