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Post by theMist on Aug 14, 2017 14:01:44 GMT -5
VXX 15 min chart This should be the move that takes VXX back in to the 11s thinking by tomorrow should be in the 11s  |
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Post by lasvegas77 on Aug 14, 2017 14:07:39 GMT -5
I was looking at this last night and thought it would probably be good to short it on the pre market. I just don't really feel comfortable shorting it when it's down so much at the start but then i ended up shorting it much lower later in the day
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Post by theMist on Aug 14, 2017 14:13:33 GMT -5
I was looking at this last night and thought it would probably be good to short it on the pre market. I just don't really feel comfortable shorting it when it's down so much at the start but then i ended up shorting it much lower later in the day I hear ya LV It's amazing how strong the VIX SCAMs were on Friday with markets green. VXX shot up to hit its 100dsma and VXX even hit 14.07! Once everyone realized the world didn't blow up over the weekend like iPath said, volatility dropping like a brick. For me to hold onto long VXX, I needed to see more selling on Friday and it never happened. Obviously markets bounced and I sold VXX. Now it looks like this was just another speed bump for the VIX SCAMs and I expect VXX to be back in the 11s (11.51-11.79). After that we'll take it from there I shorted about 42k VXX in 12.30 range |
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Post by lasvegas77 on Aug 14, 2017 14:17:21 GMT -5
sounds about right Mist. I believe the market will hold up strong through the Jackson hole event next week. Central banks to the rescue again.
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Post by lasvegas77 on Aug 14, 2017 14:18:45 GMT -5
Luckily I was able to take advantage of the tiny blip up on tvix when Trump signed the Chinese trade war stuff 20 minutes ago.
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Post by lasvegas77 on Aug 14, 2017 14:22:04 GMT -5
Today is probably the fastest I can remember going back into strong contango after being backwards. One day only! incredible.
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Post by lasvegas77 on Aug 14, 2017 14:24:26 GMT -5
I should have spent another week in Vegas in a vegas penthouse suite last week and saved some money. haha.
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Post by theMist on Aug 14, 2017 14:24:30 GMT -5
VXX Daily chart smart spot to cover short would be green arrow target area then take wait and see approach 10dsma currently 11.78 20dsma currently 11.51  |
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Post by theMist on Aug 14, 2017 14:28:34 GMT -5
S&P is bull flagging and I bet this could be the move that takes it to new highs and to test SP2500
Obviously S&P stopped at around SP 2437ish for this pullback and didn't make it all the way down to low 2400.
It appears that S&P could be making a larger top now
I have to call it like I see it AND as scary as it was this was just another one day selloff with NO FOLLOW THRU
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Post by theMist on Aug 14, 2017 14:37:59 GMT -5
Today is probably the fastest I can remember going back into strong contango after being backwards. One day only! incredible. I know. Unblievable! IMO -- It's going to have to take a real catalyst to put markets in a state of prolonged fear with real prolonged selling. i.e., actual war, DC fumbles on tax reform, China implodes, etc... lol |
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Post by theMist on Aug 14, 2017 14:47:04 GMT -5
Nice! Keep dropping down my babies!! VXX 11.96  |
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Post by theMist on Aug 14, 2017 14:50:50 GMT -5
VIX Futures If you think about the new environment we are in, VIX Futures are not too far off from spot vix All it would take is a quick selloff with spot vix spiking to mid to upper 14s and we have backwardation think about it BTW -tomorrow is expiry so first month will rollover  |
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Post by theMist on Aug 14, 2017 14:54:35 GMT -5
I'm going to stay short into AH and maybe overnight I just have to see where VXX is at in the AH If VXX is down 20-30 cents in AH, I will cover and no need to hold overnight and take risk and I'll just reshort it again tomorrow UP another 17-18k right now as I type. ttyl  |
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Post by huh on Aug 14, 2017 15:59:34 GMT -5
Futures up nicely this morning, and may not have even the seen the HOD yet. But I do expect at least a retest of Friday's close by EOD as futures were more than +7 before midnight last night. That's typically a move that gets retraced. (and this should make me not only the least popular person here today, but probably the idiot of the day as well)  |
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Post by novie08 on Aug 14, 2017 21:16:10 GMT -5
What is the counterparty risk to Bitcoin? It is now trading for $4400! Gold, otoh, which actually has a commercial use and no counterparty risk is trading under $1300!
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