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Post by lasvegas77 on Sept 13, 2017 12:48:22 GMT -5
Welcome Vixit I agree that if things stay the same VXX, TVIX, UVXY (we call them the VIX SCAMs) will keep dropping. But at some point, the markets will put in a real correction of 5%-10% with selling for several weeks straight with heavy backwardation in vix futures. It's been a long time since last correction. A small spike in spot vix to 14 will put vix futures into backwardation. As for S&P, based off technicals, S&P can reach SP2540 range with this latest leg up -- a move above SP2505 will confirm the target. I think after next weeks Sept expiry and going into October things will get interesting IMO The November futures on the vix have steadily been improving Mist. It went from tiny to now 3.4% and growing.
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Post by lasvegas77 on Sept 13, 2017 12:49:43 GMT -5
My core account is now just a small stone's throw away from completely recovering the August spike catastrophe. My roth ira with xiv and scottrade with vxx are making new highs.
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Post by walnut on Sept 13, 2017 14:07:42 GMT -5
Trump on talking about tax cuts
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Post by huh on Sept 13, 2017 20:18:56 GMT -5
So VXX was down 43x's as much as the S&P was up. That's the worst VXX performance I've ever seen, and that's while both banks & AAPL were down a good portion of the day!
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