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Post by theMist on Jan 26, 2017 10:10:20 GMT -5
Just to clarify -- VXX gap from yesterday is 19.35-19.45. TVIX 5.42-5.46
As long as S&P stays calm like this, downward pressure on VIX SCAMs will continue.
I would expect to see them red at some point today. IMO
TVIX currently trading at 5.30 and VXX trading at 19.17
Now short 25K TVIX (for daytrade) and as always watching it like a hawk
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Post by clinton on Jan 26, 2017 10:16:58 GMT -5
I am so mad yesterday I was thinking about CRR they sell fracking supplies I was thinking since trump is going to let everyone pollute every thing this company might do well its up 29% today daaaaaammmmmn I just got distracted and forgot about this one.
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Post by theMist on Jan 26, 2017 10:17:40 GMT -5
Watching VXX smaller timeframes. Looks like it wants to rollover
S&P blasts through 2300 and SCAMs drop hard IMO
S&P is testing 2300 as I type. Can still go either way. Have to be careful
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Post by walnut on Jan 26, 2017 10:20:44 GMT -5
I'm short 4000 VXX. If it bounces will do more. Getting in gradually
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Post by theMist on Jan 26, 2017 10:24:54 GMT -5
I'm short 4000 VXX. If it bounces will do more. Getting in gradually "gradually" -- Smart move S&P 2300 is proving to be tough resistance
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Post by Herceg on Jan 26, 2017 10:26:44 GMT -5
Successful shorts on NOW and MAT..................cannot get a good read on CAT so I left it alone..............EBAY also of interest, but never traded it so just observing for now..............JMO and BOL............
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Post by walnut on Jan 26, 2017 10:28:02 GMT -5
See how strange trading can be... in hindsight, why weren't we short when the scams dropped 15% over 2 days. Instead we are short the day the market is off. It is funny how it plays out. That is why the VIX 17 rule system, I'm tired of getting jacked around by fate haha
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Post by theMist on Jan 26, 2017 10:33:00 GMT -5
Walnut - Amazing how the S&P is flat and contango is at almost 11% and the VIX SCAMs are slightly up. What I would call, "trading broken". lol
We definitely missed a 15% move down in them and honestly not wise to go all in short them after such a move. But then again, the SCAMs never cease to amaze. lol
BTW - Now VXX 15min, Hourly indicators make VXX look like it wants go higher BUT that can quickly change as well. And I definitely would not chase the SCAMs long right now with markets flat to slightly up BUT if markets start selling hard, obviously, that will change the picture real fast. I just doubt it and see SCAMs rolling over still. Maybe they will be satisfied with filling the GAP from yesterday and then rollover hard.
So far -- S&P is still channeling higher as I type
Did you ever look into that contango blast theory?
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Post by walnut on Jan 26, 2017 10:41:17 GMT -5
"Did you ever look into that contango blast theory?"
I will, need a very clear head to figure that one out, not sure I am there yet haha
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Post by walnut on Jan 26, 2017 10:43:42 GMT -5
I posted a weird text conversation I had over on the lounge board.
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Post by theMist on Jan 26, 2017 10:50:26 GMT -5
VXX scams are channeling higher. We need to have them rollover. IMO -- It's those upside GAPs that are pulling on them. That's the reason why I see them "trading broken".
VXX gap from yesterday is 19.35-19.45. TVIX 5.42-5.46
VXX HOD so far is 19.35
NASDAQ is selling BTW
Let's see if the GAP acts like resistance today OR SCAMs fill them today. Eventually (one day), SCAMs will spike and fill all those upside GAPs it left behind.
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Post by theMist on Jan 26, 2017 11:08:10 GMT -5
SCAMs are now in yesterdays gap -- just a little more and they fill it completely
In the old days, it was a lock that once they entered the gap it would fill completely. Now, for some reason, its no longer a guarantee. VXX HOD 19.40 as I type and so far partially filled the gap from yesterday
Good area to short a little more if daytrading -- I did
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Post by walnut on Jan 26, 2017 11:16:29 GMT -5
5000 VXX short
I can teach you how to be upside down in 20 minutes also
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Post by theMist on Jan 26, 2017 11:23:54 GMT -5
5000 VXX short I can teach you how to be upside down in 20 minutes also lol Are you inferring that I should be using you as a contrarian indicator?!?! rolfmao Or if you join me on my VIX SCAM short that I should be nervous as hell and is the equivalent to the kiss of death?!?! roflmao
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Post by walnut on Jan 26, 2017 11:28:18 GMT -5
I should set aside 50k and do everything you do ROB
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Post by walnut on Jan 26, 2017 11:31:20 GMT -5
The VIX 17 rule is a natural god given law that we all should follow.
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Post by theMist on Jan 26, 2017 11:31:40 GMT -5
I should set aside 50k and do everything you do ROB I dunno know about that Walnut. I'm down on the TVIX short trade right now. lol For some reason, my hot streak is running a little cold right now. I can't figure out why. roflmao
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Post by theMist on Jan 26, 2017 11:32:45 GMT -5
The VIX 17 rule is a natural god given law that we all should follow. In all seriousness, good to know. I always thought the magic number was 20
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Post by walnut on Jan 26, 2017 11:34:30 GMT -5
Yep, 20 would work better. But 20 is real panic territory. I can't stomach those large drawdowns.
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Post by theMist on Jan 26, 2017 11:34:43 GMT -5
I should set aside 50k and do everything you do ROB Maybe we should setup a video feed in my house and I'll install traffic light on my wall. Red means BACK UP THE TRUCK AND SHORT THE SCAMS Yellow means NEUTRAL Green means COVER SHORT VIX SCAM lmao
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