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Post by clinton on Feb 22, 2017 14:43:41 GMT -5
sold the EGOV made 4 or 5%
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Post by walnut on Feb 22, 2017 14:44:10 GMT -5
"implied volatility in equity markets appeared inconsistent with the considerable uncertainty attending the outlook for such policy initiatives." I need to listen to that tonight
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Post by theMist on Feb 22, 2017 14:48:05 GMT -5
"implied volatility in equity markets appeared inconsistent with the considerable uncertainty attending the outlook for such policy initiatives." I didn't hear the whole statement. If they did say that -- it will be interesting to see how markets continue to react over next few trading days even going into the final hour... CNBC talking head mentioned about how low vix is just now. lol VXX 17.91
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Post by theMist on Feb 22, 2017 14:52:20 GMT -5
S&P is trying to form a small H&S. Watching S&P 15min timeframe. But needs confirmation. They might gap down the markets tomorrow morning. S&P also has that breakaway gap to fill from 2351-2354 VIX SCAMs still gyrating back and forth... VXX 17.87
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Post by theMist on Feb 22, 2017 14:54:49 GMT -5
S&P and VXX 15 min charts side by side VXX 17.88 host images
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Post by theMist on Feb 22, 2017 14:57:59 GMT -5
LasVegas do you have access to daily trade imbalance data?
Walnut, are you still all in? Or did you take some profits?
VXX 17.89
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Post by lasvegas77 on Feb 22, 2017 14:58:39 GMT -5
no
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Post by walnut on Feb 22, 2017 15:03:33 GMT -5
I got out back at 17.80 sorry didn't post
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Post by walnut on Feb 22, 2017 15:04:10 GMT -5
So now we have the gov't mandating that the VIX needs to be higher? That is great
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Post by walnut on Feb 22, 2017 15:05:37 GMT -5
I am still short those 6000 shares worth of Mar 3 18.5 options. Gave most of that profit back too. But I can deal with that one I hope.
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Post by lasvegas77 on Feb 22, 2017 15:06:17 GMT -5
Don't fight the fed. If it keeps going like this, you will need to start buying the vix scams with the government to make money on this.
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Post by theMist on Feb 22, 2017 15:06:21 GMT -5
So now we have the gov't mandating that the VIX needs to be higher? That is great That will get the blood going for sure and can explain why the hard bounce as well... I still have half position
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Post by theMist on Feb 22, 2017 15:10:04 GMT -5
Don't fight the fed. If it keeps going like this, you will need to start buying the vix scams with the government to make money on this. I agree that the big one will come eventually. Just not seeing the big one yet where we have periods of prolonged backwardation in vix futures. vix is at 11.75 as I type and contango is at 11+% and contango curve looks fine. I know all of that can change quickly but markets aren't really showing a lot of fear right now I maintain a long term S&P 2460ish large INVERSE Head and Shoulders target but like I've said many times - just a question of how we get there. Do we keep screaming higher and hit the target and then market crashes and we correct and possibly go into a bear market? Or do we pullback and correct now. I think the markets are definitely waiting more on release of Trump Tax proposals. For now, i believe we are still safe scalping the VIX Scams during the day. But I agree -- this will not end well one day!
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Post by theMist on Feb 22, 2017 15:13:28 GMT -5
As for the Fed, we are now back in an interest rate raising environment and no longer have QE BUT I believe the Fed is also waiting to see Trump's fiscal policy proposals. FED has been crying for years regarding the need for fiscal stimulus.
I expect Fed to gradually raise rates BUT its a move back to normalization...
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Post by theMist on Feb 22, 2017 15:15:11 GMT -5
I am still short those 6000 shares worth of Mar 3 18.5 options. Gave most of that profit back too. But I can deal with that one I hope. You'll be fine. VXX is already coming back down VXX 17.79 still holding half position and its nice to recoup some of yesterday's losses.
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Post by theMist on Feb 22, 2017 15:18:14 GMT -5
Its looking like today and yesterday was burning the VIX longs and eating up all the hedging and expensive insurance money! Once again! lol
VXX 17.80 VXX 17.74
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Post by theMist on Feb 22, 2017 15:21:28 GMT -5
We're getting closer and closer to this newly formed VXX triangle's apex. When that happens, you get a lot of fast move back and forth until VXX makes up its mind which way to go which is usually down....we'll see
VXX 17.80
Also, S&P is still in rising channel
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Post by theMist on Feb 22, 2017 15:24:18 GMT -5
LasVegas -- are you a chartist? Or do you trade on fundamentals? Or both?
Would love to know your strategy for shorting these VIX ETPs and timing when to scalp
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Post by theMist on Feb 22, 2017 15:30:36 GMT -5
Finally got a bull talking head on CNBC
They asked him "is this irrational exuberance" and he said this is rational exuberance. I like that. lol
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Post by theMist on Feb 22, 2017 15:32:15 GMT -5
You can't bury this bull just yet. S&P still in rising channel!
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