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Post by theMist on Feb 2, 2017 13:34:31 GMT -5
TRUMP BACK ON TV VIX climbing .02 per minute literally Todays speaking schedule: Trump Ryan Tillerson Trump Trump Mcain Trump That concludes todays broadcast lol - I miss not having the privilege of seeing Sean Spicer today! I'm sure they'll fit him in somewhere into today's schedule. That is one tough dude!
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Post by walnut on Feb 2, 2017 13:39:23 GMT -5
What do you see for this afternoon Mist? Time for a scalp here?
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Post by theMist on Feb 2, 2017 13:42:56 GMT -5
What do you see for this afternoon Mist? Time for a scalp here? yes As long as markets stay flat like this, contango will grind scams lower VXX should at least retest lod IMO But I would be careful going into final hour -- don't know imbalance data VXX 15 min indicators look like want to roll a little but looks like small moves - markets going sideways You should at least get the move back to VXX 19 I'm not trading and just missed the opp - I'm trying to help you on your trade BUT I would have shorted it just before when TViX was at 5.28 and I may still jump in a little tvix 5.26
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Post by walnut on Feb 2, 2017 13:43:40 GMT -5
19.20 was the spot, the scams have had too much strength to assume much more down than .10
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Post by walnut on Feb 2, 2017 13:46:32 GMT -5
I missed the spot but it's because I am short enough, just need to make a little and regroup. What do you see for this afternoon Mist? Time for a scalp here? yes As long as markets stay flat like this, contango will grind scams lower VXX should at least retest lod IMO But I would be careful going into final hour -- don't know imbalance data VXX 15 min indicators look like want to roll a little but looks like small moves - markets going sideways You should at least get the move back to VXX 19 I'm not trading and just missed the opp - I'm trying to help you on your trade BUT I would have shorted it just before when TViX was at 5.28
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Post by theMist on Feb 2, 2017 13:49:11 GMT -5
I wouldn't necessarily add more VXX short now if I was in your position -- that depends on your risk tolerance and comfort zone. The time to do that was earlier in premarket or market open.
I would just look to get out or re-assess when VXX starts hitting new lod. It should as long as markets stay calm
VXX 18.96ish-19 is support for VXX. We should test it soon. And we'll know if they look like they want to bounce or break through that support area.
I still see S&P holding strong like this and that's a good sign. VXX should be hitting new lod very soon. IMO
And it looks like Trump drama is over for today
I'll post chart of VXX
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Post by walnut on Feb 2, 2017 13:50:59 GMT -5
VIX dove to 11.62 and bounced back up, but that looks good
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Post by walnut on Feb 2, 2017 13:52:37 GMT -5
I wouldn't necessarily add more VXX short now if I was in your position -- that depends on your risk tolerance and comfort zone. The time to do that was earlier in premarket or market open. I would just look to get out or re-assess when VXX starts hitting new lod. It should as long as markets stay calm 19.20 was probably a pretty safe bet a few minutes ago but I'm probably just waiting to get out now.
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Post by theMist on Feb 2, 2017 13:54:25 GMT -5
I wouldn't necessarily add more VXX short now if I was in your position -- that depends on your risk tolerance and comfort zone. The time to do that was earlier in premarket or market open. I would just look to get out or re-assess when VXX starts hitting new lod. It should as long as markets stay calm 19.20 was probably a pretty safe bet a few minutes ago but I'm probably just waiting to get out now. I'm curious to see if VXX breaks through that 18.97-19 area VXX 19.08
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Post by theMist on Feb 2, 2017 13:58:13 GMT -5
Hopefully large BUY imbalance going into close. Sometimes you'll see market moves around 2pm EST as traders start to front run the close
But from TA perspective, S&P still looks strong and steady for today
VXX 15 MIN INDICATORS ROLLING OVER. That's a good sign!!
lower BB might get in the way a little. BB is at 19.05 and sometimes price action will bounce hard off lower BB. Some times.
BUT MACD AND MACD HISTOGRAM looks real good
give it time
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Post by theMist on Feb 2, 2017 14:04:12 GMT -5
VXX 5 min chart Indicators bearish and first green support line broke. S&P looks to be holding steady. VXX 15 min indicators just rolled over again vxx 19.05 and should test a little lower 18.97-19 area -- TinyPic takes forever and blasts you with CAPTCHA and commercials in order to upload. Seems like it takes forever. lol Watch for price action to hit that confluence of support lines. Question is does it bounce or breakthrough?! S&P looking good still for today along with contango at 11%
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Post by theMist on Feb 2, 2017 14:09:42 GMT -5
VXX 15 min chart Indicators Bearish -- MACD and MACD Histogram - S&P looks good, contango looks good just need price action to breakthrough that lower BB (currently 19.04) and I believe it will. Just don't want to see it bounce and reverse. It shouldn't IMO. just bounced off lower BB at 19.04 -- don't sweat it. It should make another run at it. Hopefully. Have to see how the candle completes on 15 min chart Need VXX to drop back again in next few mins. waiting....
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Post by walnut on Feb 2, 2017 14:12:36 GMT -5
I DID sweat it.. that was pretty sharp
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Post by theMist on Feb 2, 2017 14:14:58 GMT -5
I DID sweat it.. that was pretty sharp It's backtesting the break. Have to see how next few mins play out the good thing is your only down slightly on trade and unless there's a large SELL imbalance going into close SCAMs should'nt pop much if they intend to
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Post by theMist on Feb 2, 2017 14:19:08 GMT -5
I DID sweat it.. that was pretty sharp Honestly it was. I don't blame you. SCAMs do look like they are trying to put in a bottom. I'm just looking for you to get one more move to 19 VXX 19.04 may have been lod Now the other option is to try and time this spike and reshort more to avg up cost avg.
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Post by theMist on Feb 2, 2017 14:21:48 GMT -5
Looks like lod may be in for VXX at 19.04
Bounced hard off that BB and put in a green candle
VXX 19.23 as I type
Theyre gyrating
I'll let you know if I reshort them on this spike
You can try to avg up your short position and try to break even on the day
That's up to you
I wont have time to write long paragraphs or post charts
THAT LOWER BB ON VXX 15 MIN GOT IN THE WAY
I'll just say if I'm reshorting TVIX
VXX 19.22
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Post by theMist on Feb 2, 2017 14:25:58 GMT -5
But don't panic -- its still a calm day.
Just wish we had that trade imbalance data going into close. It would be really helpful to have like situations like this
VXX bounced hard off that lower BB at 19.04 and now indicators swung the other way
Still waiting for the right spot to reshort TVIX if I see a good opp
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Post by walnut on Feb 2, 2017 14:28:10 GMT -5
I sold 3000 more at 19.19 and it immdediately shot up
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Post by theMist on Feb 2, 2017 14:29:55 GMT -5
I sold 3000 more at 19.19 and it immdediately shot up I bet there's a sell imbalance going into the close. They hit the SELL button at 2:15pm EST
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Post by walnut on Feb 2, 2017 14:30:52 GMT -5
The red candle on the spy ought to be done soon
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