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Post by theMist on Jan 2, 2019 4:55:52 GMT -5
Happy New Year Everyone!
Jim's video
Looks like we are indeed in a pull back to broken support. The goal here is to be very aware of a short term top forming
around 2550-2600 and taking appropriate action based upon the chart. Once again, I do NOT give advice on what to do
with anyone's money, but DO try to keep viewers informed as to the tendencies revealed in the chart. So stay tuned.
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Post by theMist on Jan 2, 2019 9:48:00 GMT -5
Market is absolutely all over the place lol very hard to call these markets Just when you think there might be a little momentum in one direction, they gap it up or down hard Today has the potential of being a 700 pt down day Possible S&P wants to backtest down to brown line and possible that consolidation acting like a diamond reversal pattern (in yellow)  |
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Post by clinton on Jan 2, 2019 10:38:48 GMT -5
GS lowered GDP est to 2.0
china PMI went negative
global recession is starting
hello bear market
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Post by walnut on Jan 2, 2019 11:08:12 GMT -5
This daily stochastic launch is coming up short, not good, maybe we get the double bottom bounce. Better, or else  |
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Post by walnut on Jan 2, 2019 13:44:11 GMT -5
Trump said that the correction was a "glitch", and it will rise when trade fixed. So we got that going for us, which is nice.
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Post by lasvegas77 on Jan 2, 2019 14:07:58 GMT -5
Happy new year everyone. Did anyone manage an up year last year?
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Post by theMist on Jan 2, 2019 15:10:33 GMT -5
Happy New Year LV and everyone else!
Have to make up 40-45k - tough year 2018
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Post by walnut on Jan 2, 2019 15:18:00 GMT -5
Bad year for me too. VXX was a net gainer so not easy to win on shorting, couldn't make back the loss from the crazy spike early on.
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Post by theMist on Jan 2, 2019 15:24:18 GMT -5
Bad year for me too. VXX was a net gainer so not easy to win on shorting, couldn't make back the loss from the crazy spike early on. Yeah and they also toughened up equity requirements for shorting VIX SCAMs as well as other popular trading ETFs/ETNs so the gains/losses are a lot smaller now I'm also waiting for a real nasty Bear to go ALL IN and put some serious cash to work Looking for Amazon at 900 range as well as FB around 100, Apple 120s |
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Post by theMist on Jan 2, 2019 15:30:53 GMT -5
At least now we're getting an idea of how the VIX SCAMs trade during a Bear -- First time since inception
And if you think about it, VXX is only trading at 46 and TVIX 68 and that is honestly not bad when you look at long term chart
And surprisingly VIX hit 36 and not 50ish this time around
Any thoughts on that? I'm honestly really surprised that VIX didn't scream higher during this selloff
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Post by clinton on Jan 2, 2019 15:38:45 GMT -5
bearish divergence  |
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Post by theMist on Jan 2, 2019 15:41:29 GMT -5
I shorted 3k UPRO earlier a little too soon
33.49 avg
Need more selling lol
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Post by lasvegas77 on Jan 2, 2019 15:55:05 GMT -5
Although I had an up year last year, I'm still recovering from a serious mega spike a few years back. I believe i was up 11% ytd as of november. Gonna take some time to fully recover but at least much closer to doing so than i was a few years back. Once it is trending with contango, money comes very quickly.
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Post by lasvegas77 on Jan 2, 2019 15:56:18 GMT -5
At least now we're getting an idea of how the VIX SCAMs trade during a Bear -- First time since inception And if you think about it, VXX is only trading at 46 and TVIX 68 and that is honestly not bad when you look at long term chart And surprisingly VIX hit 36 and not 50ish this time around
Any thoughts on that? I'm honestly really surprised that VIX didn't scream higher during this selloffIt would be much higher if not for the violent rallies to the upside in the market. We havent' seen a mega crash like 1987 and see what happens. |
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Post by theMist on Jan 2, 2019 16:32:44 GMT -5
Chuckie Boy dropping the markets in AH lol Apple halted as well Wow! Apple warns on Q1 Results! That can't be good Would love a real crash tomorrow Drop'em Baby!  |
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Post by clinton on Jan 2, 2019 18:27:36 GMT -5
AAPL -7% AH
that trump economy kicking in
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