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Post by huh on Aug 31, 2017 8:47:47 GMT -5
I'm 8k long VXX 47.12 avg Didn't like that 47.05 breached but we'll see if bounces now off 47 There was a still open gap at 47.00 that got filled with that move
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Post by walnut on Aug 31, 2017 8:48:01 GMT -5
I don't know what the vxx direction is at this moment, will wait for now
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Post by theMist on Aug 31, 2017 8:49:08 GMT -5
I'm 8k long VXX 47.12 avg Didn't like that 47.05 breached but we'll see if bounces now off 47 There was a still open gap at 47.00 that got filled with that move thanks Huh It took serious balls for me to buy VXX this morning
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Post by huh on Aug 31, 2017 8:49:17 GMT -5
There is one last downside gap in VXX in the 45.60's (a daily closing gap). Hopefully that one won't need to fill though
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Post by huh on Aug 31, 2017 8:51:20 GMT -5
I do think that S&P hasn't seen HOD yet as it has a closing gap @ 2468.11 (that doesn't mean VXX can't show strength though)
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Post by huh on Aug 31, 2017 8:57:26 GMT -5
Come on DJI, just a quick little stretch to fill that gap. IWM also well within reach of filling its 140.00 gap
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Post by lasvegas77 on Aug 31, 2017 9:05:19 GMT -5
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Post by theMist on Aug 31, 2017 9:08:32 GMT -5
Thx LV I saw that news headline on Investing.com
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Post by theMist on Aug 31, 2017 9:21:05 GMT -5
LV - the technical explanation is that S&P Daily indicators went bullish S&P Daily Chart
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Post by walnut on Aug 31, 2017 9:21:16 GMT -5
VXX stochastics may be bottoming
Can often grind lower like this though
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Post by theMist on Aug 31, 2017 9:24:49 GMT -5
VXX Daily Chart Moving averages are in bullish alignment -- I'm more concerned with 20dsma being above 50dsma 10dsma can zigzag but having the 20dsma above 50dsma is the first since December 2015 This can go on for another 2 weeks and then a massive spike in VXX Vix futures are indicating trouble ahead as well
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Post by huh on Aug 31, 2017 9:26:53 GMT -5
See the symmetry forming in S&P as these gaps are getting filled?
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Post by theMist on Aug 31, 2017 9:37:00 GMT -5
Definition of Insanity: VXX still above 47 lol
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Post by walnut on Aug 31, 2017 9:44:29 GMT -5
I kinda think that VXX is still riding that rising support for the time being.
But I have to scoot that line below that second hollow red candle to get it to fit....
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Post by theMist on Aug 31, 2017 9:50:12 GMT -5
I kinda think that VXX is still riding that rising support for the time being. But I have to scoot that line below that second hollow red candle to get it to fit.... Worse case markets stay resilient for another week or two with S&P bullish indicators and maybe DJI gap fill like Huh mentioned and VXX drops down to cover that red hollow candle at 46.32ish -- not ruling it out But after this bullish wave starts to peak -- I think it will be very dangerous to be short the VIX SCAMs I know you guys would agree that contango is in serious jeopardy after vix futures Sept. expiry UNLESS of course markets go on a serious bullish run and that changes Also, keep in mind we have another breakout in S&P that never backtested
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Post by ipath on Aug 31, 2017 9:52:29 GMT -5
Covered all shorts in vxx and got some spy put options exp 9/29 244 strike when snp was 2469
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Post by theMist on Aug 31, 2017 9:59:12 GMT -5
Covered all shorts in vxx and got some spy put options exp 9/29 244 strike when snp was 2469 Worse case we are 2-3 weeks too early Sept. 19th is vix futures expiry and contango drops down to 3% and 1.5% for Oct. We get some selling at that point and vix futures can easily stay in backwardation for some time As LV would say -- roll yield is too small and I think he'd agree that could be dangerous to be short the VIX SCAMs during that time thoughts LV?
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Post by ipath on Aug 31, 2017 10:23:01 GMT -5
I agree mist, not expecting an immediate collapse. I just started nibbling on those options as you say. Even if move up or down are equally likely to happen, the move down would be harder imo so the risk/reward is worth it. Ainwill keep getting a better average as time passes and eventually go long tvix if all signs align. And of course gotta change my avatar 😀
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Post by theMist on Aug 31, 2017 10:32:39 GMT -5
I added 2k more VXX long
10k long now
47.12 ish avg
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Post by theMist on Aug 31, 2017 10:37:42 GMT -5
CNBC -- Steve Mnuchin talking tax reform
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