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Post by theMist on Nov 2, 2017 10:10:37 GMT -5
Now if we can get VIX scams to retest all time lows again that would be fantastic
Especially with SP trading at SP2575 and we still have SP2594ish iH&S target
VXX 15 min indicators look like want to roll bearish - curling down
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Post by walnut on Nov 2, 2017 10:11:02 GMT -5
That spike is completely history, best to forget it. tvix still on up-trending support, trade normally now
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Post by theMist on Nov 2, 2017 10:12:19 GMT -5
That spike is completely history, best to forget it. tvix still on up-trending support, trade normally now speed bump and another buy the dip opp for markets
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Post by lasvegas77 on Nov 2, 2017 10:15:00 GMT -5
For the record, this tax plan is one watered down piece of crap. Yet, it's completely opposite of anything produced during the anti business climate from the Obama era. I'd prefer to see lower taxes for everyone and make them permanent. But in this market, any news from the government is good for the snp.
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Post by theMist on Nov 2, 2017 10:17:34 GMT -5
As much as this tax reform is going to suck for me -- property tax deduction cap, mortgage interest cap, removal of state, local deductions, etc... Corp tax cut to 20% is a good thing for markets - just question of whether or not it will pass Gotta make a lot of money shorting TVIX to make up for it
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Post by lasvegas77 on Nov 2, 2017 10:19:12 GMT -5
It will be interesting to see the liberal Democrats defending their tax breaks on the rich who have high valued real estate in their blue states.
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Post by theMist on Nov 2, 2017 10:24:02 GMT -5
vix futures contango over 8%
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Post by theMist on Nov 2, 2017 11:13:41 GMT -5
Would love to see TVIX rollover hard and get into 7 range TVIX 8.46
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Post by lasvegas77 on Nov 2, 2017 11:17:58 GMT -5
I think i can go back to bed now. It's been a long morning but still only 9:17am here.
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Post by theMist on Nov 2, 2017 12:55:49 GMT -5
Crack Scams can't break below support lol
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Post by walnut on Nov 2, 2017 13:02:32 GMT -5
I wish they would even get back down to support (about 8.35 ~ 8.40)
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Post by theMist on Nov 2, 2017 13:04:00 GMT -5
I wish they would even get back down to support (about 8.35 ~ 8.40) Might get the move at 3pm EST when Trump announces Fed chair
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Post by theMist on Nov 2, 2017 13:10:13 GMT -5
I keep teasing my brother in law. Texting him -
Heyyy Gringo!! Mexico no pay for da wall!! Trump es loco
Heyyy Gringo!! No border tax to pay for da Corporate tax cuts! You gonna pay for it!
roflmao
Reminder: I'm christian, conservative, republican and not a liberal lol
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Post by walnut on Nov 2, 2017 13:15:44 GMT -5
I don't have any trouble with Trump claiming Mexico will pay for the wall. it's not so unreasonable, and through trade policy or by some other trick, I think he could make them do it.
reminder: I employ several Mejicans haha
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Post by theMist on Nov 2, 2017 13:18:51 GMT -5
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Post by theMist on Nov 2, 2017 13:28:03 GMT -5
Hopefully now VXX will take out that rising support
contango just under 10%
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Post by walnut on Nov 2, 2017 13:38:19 GMT -5
Hopefully now VXX will take out that rising support contango just under 10% Maybe overnight this time. The vix term curve looks very healthy and might be headed into a good period. There is danger when vxx counter trends, if its not going down it can spike just as easily.
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Post by theMist on Nov 2, 2017 13:40:28 GMT -5
Well, if these caps on property tax deductions, mortgage interest deductions along with raising rates crushes the housing market, I will scoop up some nice bargains I went looking out here on Long island and everything is wayyy overpriced and property taxes approx $20k a year lol And that's for a 3000-3400 sq ft home and not a 5k sq ft mcmansion. Price range $700-$900k Housing seriously needs to come crashing down and property taxes are ridiculous
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Post by lasvegas77 on Nov 2, 2017 13:41:22 GMT -5
Hey Walnut, do you think you can pick up my iphone x for me? It's in Texas.
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Post by walnut on Nov 2, 2017 13:45:38 GMT -5
dang scams giving no joy
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