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Post by theMist on Feb 1, 2017 15:06:24 GMT -5
VXX 5 min -- SCAMs rolling over a little again Starting to look a little good again! VXX 19.02 VXX price action also back fully within BBs VXX 5 min
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Post by walnut on Feb 1, 2017 15:07:56 GMT -5
Sold a little more
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Post by theMist on Feb 1, 2017 15:11:06 GMT -5
A nice announcement of a large 800 Billion BUY imbalance going into the close would be good right about now! lol We'll be fine going into the close. S&P is staying flat and DOW, NAS still up. SCAMs look like they want to rollover some more. These little pops to upside in SCAMs are small moves.
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Post by walnut on Feb 1, 2017 15:13:13 GMT -5
sold a little more again taking a chance
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Post by theMist on Feb 1, 2017 15:15:54 GMT -5
sold a little more again taking a chance Good one Walnut! You snuck that one in there on me! lol Worse case I see us going into the close almost flat on the day with our cost averages. But I still see them dropping and taking another leg lower -- they're trending down still As long as no more political news IMO We still have those targets just below SCAMs lod -- just a question of whether or not we have enough time going into the close
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Post by walnut on Feb 1, 2017 15:20:50 GMT -5
Would you want to be long 8000 VXX here? not me
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Post by theMist on Feb 1, 2017 15:22:59 GMT -5
There were 2 farmers -- both earnestly prayed hard for rain. One farmer sat back and waited. The other one went out and plowed the field to get ready for the rain!
Who do you think received the rain!?!
So with that notion! One more time!! lmao Enjoy the move down in VXX my friend!!
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Post by walnut on Feb 1, 2017 15:26:42 GMT -5
I hope so! win a few...
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Post by walnut on Feb 1, 2017 15:30:30 GMT -5
I'm thinking to stay short. someone talk me out of it haha
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Post by walnut on Feb 1, 2017 15:33:26 GMT -5
VXX is heading to 17 pretty quick
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Post by theMist on Feb 1, 2017 15:35:57 GMT -5
I'm thinking to stay short. someone talk me out of it haha That's your call. I'm looking for SCAMs to drop going into close and if they start hitting new LOD, I will be leaving some on for AH But regardless, I always take some off the table before the close, especially with 32K TVIX short. I snuck another 2k in on ya without you knowing. lol I may only leave on 10k short TVIX going into AH - as long as SCAMs stay where they are or move lower going into close. S&P Daily indicators are bearish but not exactly how that will affect SCAMs going forward. It honestly does take a lot of prolonged selling for them to budge to the upside. Overnight/weekend is where you leave yourself vulnerable. So I usually close out completely by AH close. Just the way I trade. VXX 18.94 More pounding the SCAMs!!
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Post by walnut on Feb 1, 2017 15:39:22 GMT -5
I think this is a good time for shorting VIX scams but if I am wrong the penalty is large
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Post by theMist on Feb 1, 2017 15:43:02 GMT -5
I think this is a good time for shorting VIX scams but if I am wrong the penalty is large That's your call whether or not you hold overnight. Obviously, in long, long, long run you will be fine. It's just the short term S&P picture that is not clear. Other chartists will even agree. Long term we have that large inverse H&S target of SP2333, SP2450 But as always VIX SCAMs are in a world unto themselves. I LIKE THIS MOVE IN SCAMs GOING INTO THE CLOSE. I will be leaving some on for AH without a doubt. I think they trade lower in AH. Overnight is a different story. WANT TO SEE NEW LOD FOR SCAMS BEFORE THE CLOSE!!
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Post by walnut on Feb 1, 2017 15:44:15 GMT -5
I know, the SP is not clear. too bad, no t=other way to see it
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Post by theMist on Feb 1, 2017 15:46:41 GMT -5
S&P is up with negative divergence on indicators -- looking at daily chart.
Short term picture does look to be bullish still with this nice end of day bounce. Maybe going into tomorrow.
But all of that can change real fast with an overnight move. How that effects SCAMs in short term is another story. lol
SCAMs are still trending down.
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Post by walnut on Feb 1, 2017 15:46:51 GMT -5
For baby sitting this market all day I need to make money.. I made $3000 in the stone biz today and every day.
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Post by theMist on Feb 1, 2017 15:49:32 GMT -5
700 M to BUY SIDE
I'm taking some profits -- not much on day as didn't get good cost avg but it is a profit
They're bouncing a little in final minutes
not liking the move
In AH should still be down a little. We'll see....
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Post by walnut on Feb 1, 2017 15:52:01 GMT -5
VXX making me feel a little pissy. I will stay with it. I think this is a good time.
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Post by walnut on Feb 1, 2017 15:53:12 GMT -5
VIX index way down, not sure where the energy for the scam bounce came from.
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Post by walnut on Feb 1, 2017 15:57:28 GMT -5
Not taking any damn loss haha
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