|
Post by walnut on Nov 14, 2017 14:53:45 GMT -5
The problem with putting too much faith in contango is, even as contango stays around 8 or so, spot vix can be shifting up and the 2 front months might be shifting up right along with it. The contango relationship can stay the same. By the time contango curve begins to deform, you are already in a bad situation, and that front month might rocket up faster than you were expecting.
Just a thought
|
|
|
Post by lasvegas77 on Nov 14, 2017 14:56:52 GMT -5
Tvix is up 14% off the lows Mist. There were plenty of people shorting more down there.
|
|
|
Post by lasvegas77 on Nov 14, 2017 14:59:03 GMT -5
A lot of shorts were adding more the last week too. And without tvix dropping further, they put themselves into margin calls pretty quickly.
|
|
|
Post by theMist on Nov 14, 2017 15:07:37 GMT -5
And there's the nice drop!
Go my babies!!
|
|
|
Post by theMist on Nov 14, 2017 15:41:21 GMT -5
Got out with that last drop talk to you guys later Now TVIX is free to hit 10 bucks
|
|
|
Post by theMist on Nov 14, 2017 18:34:39 GMT -5
VXX Daily chart Still above 10,20 dsmas and can still spike Indicators bullish If bad news hits with tax reform, I believe we will get the move but until then still small moves Hoping for a larger spike to short into -- really would like to catch a 3-4 buck move in TVIX instead of all this back and forth BUT have to admit that even with all of this, SCAMs only putting in small moves right now. Of course that can change.
|
|
|
Post by theMist on Nov 14, 2017 18:41:10 GMT -5
S&P Hourly Still early - but if S&P is forming a complex H&S pattern (needs confirm below neckline) and is very early to call then the spot to put bear position on would be if S&P puts in a lower high from Monday's high (SP2587.66) -- RS? area on chart If H&S pattern completes and confirms -- Could also take S&P back to neckline of iH&S (tan line) and possible gap area (SP2519ish) Indicators - both S&P Hourly and Daily have bearish indicators. DI lines just today made bearish cross on daily chart -- ADX dropping Eventually when we get directional move (which can be either way) in S&P that ADX will curl up hard confirming the move Could be wrong but maybe S&P puts in another bounce to close gap above and then in another few days if GOP fumbles a with tax reform then could get the long awaited pullback to iH&S neckline and possibly gap area around SP2519ish...we'll see
|
|
|
Post by theMist on Nov 14, 2017 19:46:15 GMT -5
S&P FUTURES H&S forming -- needs confirm below neckline
|
|
|
Post by theMist on Nov 15, 2017 7:25:20 GMT -5
Futures at neckline (above it)
Shorting some TVIX in premarket for scalp
TVIX 9.42
Walnut and I think we figured out why spikes are so muted -- tvix only up 43 cents as I type Hint: has to do with what LV mentioned
|
|