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Post by huh on Feb 3, 2017 7:56:43 GMT -5
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Post by huh on Feb 3, 2017 7:57:19 GMT -5
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Post by huh on Feb 3, 2017 7:57:58 GMT -5
Frontrunning: February 3 Trump Plans to Undo Dodd-Frank, Fiduciary Rule (WSJ) CEOs to meet with Trump amid tensions (Reuters) Trump’s CEO Brain Trust Meets Amid Widening Rifts (BBG) Business coalition supports border tax (Reuters) Nordstrom winds down relationship with Ivanka Trump brand (Reuters) Tillerson Calms Foreign Allies’ Nerves on First Day as Diplomat (BBG) Trump’s Bluntness Unsettles World Leaders (WSJ) The One Russian Linking Putin, Erdogan and Trump (BBG) Bank of Japan Whipsaws Markets in Tussle Over Yield Control (BBG) China Tightens Monetary Policy by Raising Money Market Rates (BBG) U.K. Services Growth Cools as Costs Dominate Firms’ Concerns (BBG) Spain's Banco Popular posts 3.5 bln euros loss on property charges (Reuters) Amazon Projects Spending That Concerns Investors (BBG) Italy's Renzi signals willingness to ditch push for early vote (Reuters) Toronto Home Prices Jump 22% as Buyers Contend With Tight Supply (BBG) May Seeks to Ride Brexit Wave Targeting Historic By-Election Win (BBG) ‘Superstar’ Companies Are Eating Into Workers’ Wealth, Study Finds (BBG) Vanity Fair, New Yorker back out of White House Correspondents' Association events (The Hill) Billionaire Magnier Said to Purchase $56 Million U.K. Estate (BBG) Mexico Has Its Own Fiery Populist. Trump May Put Him in Power (BBG) Trump White House Set to Impose Fresh Sanctions on Iran (WSJ) Senate advances DeVos's nomination, setting her up for final vote (The Hill) State Lawmakers Are Cracking Down on Protesters (BBG) Snap IPO Will Mint Fortunes for Founders, Two Big Investors (WSJ) www.zerohedge.com/news/2017-02-03/frontrunning-february-3
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Post by huh on Feb 3, 2017 8:11:28 GMT -5
In the near term, and as much as I hate to admit it, VXX could be forming another bearish continuation H&S here. Or, it could turn out to be a small double-bottom. ~1.5% either way will decide which. <18.89 confirms more downside, >19.42 for upside
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Post by theMist on Feb 3, 2017 8:28:06 GMT -5
Agreed Huh -- That overnight move definitely complicated things a little bit. Even I was looking for a spike in volatility. And I'm actually disapointed.
Jobs numbers in few mins -- we'll see what happens
I'm not taking positions before jobs numbers
Im still possibly seeing storm front and not calling for Tornado category 5.
S&P went from a steep rising channel to more of slightly rising channel. S&P futures still making higher lows and until that breaks - still trending up slightly.
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Post by theMist on Feb 3, 2017 8:34:15 GMT -5
SCAMs almost at new all time lows
Not chasing in premarket
VXX 18.95
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Post by walnut on Feb 3, 2017 8:43:21 GMT -5
wow quite a turn
I didn't chase it.
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Post by theMist on Feb 3, 2017 8:45:12 GMT -5
wow quite a turn I didn't chase it. I could have shorted when VXX was at 19.05 earlier but didn't. Looks like TVIX possibly wants to test 5 contango shot up SCAMs never cease to amaze
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Post by huh on Feb 3, 2017 8:52:25 GMT -5
VXX H&S targets down to ~17.58
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Post by theMist on Feb 3, 2017 8:53:57 GMT -5
VXX all time low is 18.85 and it is now below it at 18.81
That measured target I posted yesterday measures much lower -- fyi
I'm not making any recommendations - I'll just let you know what I am doing. I just chased a little knowing that we have a confirmed move lower. very small position
I'm up lot so I'm taking a gamble. But SHOULD get a little better pricing -- backtest of VXX 18.85, TVIX 5.12 during regular session
TVIX definitely testing 5 today
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Post by theMist on Feb 3, 2017 8:54:21 GMT -5
VXX H&S targets down to ~17.58 lol - I was just posting referring to that And guess what Walnut - looks like you might be getting your common gap fill Bull is still strong for now. Amazing what one overnight move can do.
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Post by theMist on Feb 3, 2017 8:56:57 GMT -5
S&P Futures
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Post by theMist on Feb 3, 2017 8:58:37 GMT -5
Hate chasing and trade at your own risk and comfort zone
10k short tvix 5.12 BUT I am up a lot
But measured targets for SCAMs much lower
just trying to get best cost avg now
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Post by theMist on Feb 3, 2017 9:03:09 GMT -5
Did you see my post in S&P 500 thread earlier??
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Post by walnut on Feb 3, 2017 9:08:14 GMT -5
Yes I saw it. I'm not chasing this one either, but who knows it may go to 18.60 today. I have to go to work before too long so better not try I'm going to be reading over a lot of your old posts over the weekend if I can sit at the computer that long without getting a crimped neck and bad back. Did you see my post in S&P 500 thread earlier??
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Post by theMist on Feb 3, 2017 9:10:42 GMT -5
Walnut -- Been wanting to ask you? Another poster that I know posted this -
Of course you guys do realize that TVIX only tracks S&P volatility futures on a DAILY basis. So, even if the SnP VIX were to pop 50%, TVIX would would rise only commensurate with whatever happens in one day - TVIX restests itself every day, and If the VIX levels of at, say 20, TVIX share price will flounder and continue to disintegrate just as surely as it does with the VIX at 10.
And according to our daily contango rate formula, this statement is not correct from what I see. Spot vix is used in calculating it. And VIX 20 would mean contango rate would drop as opposed to vix 10 and if spot vix went over the first month contract price, then we enter backwardation.
Am I not correct? I'm just perplexed because this person is very knowledgeable and has me second guessing
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Post by walnut on Feb 3, 2017 9:13:40 GMT -5
He's wrong, it is just a calculated basket of vix futures x 3.
I will look it over again to make sure that TVIX is not different that VXX but in that way I don't think so.
They do re-calculate the weights every day, and I believe that TVIX is a different legal structure than VXX. But I think that they work the same.
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Post by theMist on Feb 3, 2017 9:16:18 GMT -5
Also, wanted to know -- when you put your stop in yesterday - was it mental stop?
Sorry things worked out like this. I feel bad. But at least I know you are still up a lot.
I wish you stuck with me on my trades (except for trying to time that spike 2 weeks ago). I had a really good day yesterday.
And this is a good example of how one overnight move can change the whole picture. That was an unbelievable move overnight.
It's honestly a new market every day. And the main reason why I simply daytrade.
I'm loving selloffs and SCAMs up in premarket -- I have my best days then.
But then you get days like this where I'm chasing and trying to get best possible cost avg.
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Post by walnut on Feb 3, 2017 9:20:07 GMT -5
There is an actual index, the VIX short term index, that is a weighted average portfolio of one month out futures. The VXX and the TVIX are designed to mirror that index exactly. That's all there is to it. The VIX is based on a snapshot of how high options prices are at a given moment.
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Post by Herceg on Feb 3, 2017 9:20:11 GMT -5
DECK, FTNT, FEYE, CLVS, DATA.............
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