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Post by theMist on Aug 16, 2017 9:42:14 GMT -5
Almost there
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Post by Herceg on Aug 16, 2017 10:03:05 GMT -5
Typical slow grind up during earnings.......................I hate this time period...............unless you are already in and hopefully on right side, there is not much left other than scraps to kick around..................
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Post by theMist on Aug 16, 2017 10:13:23 GMT -5
talk to you guys later
this is one of those slow grind days like Herc said
scams not behaving very well today next move to lod and I cover and be happy can't watch this action any more
BTW - S&P Futures right at neckline of inverse H&S pattern -- solid move w/close above SP2474 should confirm
ttyl
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Post by theMist on Aug 16, 2017 11:23:39 GMT -5
S&P Hourly Futures S&P finally starting to breakout -- need to put in solid close as well BTW - I accurately measured iH&S target and it measures around SP 2510ish
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Post by theMist on Aug 16, 2017 11:26:19 GMT -5
Anybody out there? I saw the potential of this iH&S when S&P was dropping down to form right shoulder -- not bad Just need the follow thru with nice solid green close
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Post by theMist on Aug 16, 2017 11:32:41 GMT -5
VXX Daily chart All goes well and S&P behaves with iH&S playing out to SP2500 to SP2510 and should put VXX at low 10 Still early to call at this point but can see it playing out For today VXX should drop down to cover the red hollow candle to 11.58 and tag 20dsma @ 11.53 With the way VXX is trading TODAY, a move below 20dsma is wishful thinking IMO -- maybe tomorrow below 20dsma
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Post by theMist on Aug 16, 2017 11:54:17 GMT -5
Jury is still out regarding iH&S pattern Broke out above neckline and dropped right back under it with CNBC breaking news re 'Trump Strategic & Policy Forum to Disband'
CEOs jumping ship because of Trump's comments on Charlotte incident
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Post by lasvegas77 on Aug 16, 2017 12:39:47 GMT -5
You guys would be proud of me. I held 38k short VXX overnight as well. Very interesting Mist. Surprised about that. The fed minutes come out at 2pm est. Hopefully that will get the vix to go down.
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Post by theMist on Aug 16, 2017 13:00:02 GMT -5
You guys would be proud of me. I held 38k short VXX overnight as well. Very interesting Mist. Surprised about that. The fed minutes come out at 2pm est. Hopefully that will get the vix to go down. yeah but it was a complete waste as I could have reshorted today at VXX 11.91 oh well... still holding 38k short VXX
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Post by lasvegas77 on Aug 16, 2017 13:03:00 GMT -5
That's some real size on your position.
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Post by theMist on Aug 16, 2017 13:05:11 GMT -5
That's some real size on your position. I've been shorting and going long up to 50k shares using leverage of course If I hold overnight I drop it down a little to around 38-40k shares FED minutes were very dovish
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Post by lasvegas77 on Aug 16, 2017 13:08:48 GMT -5
Fidelity has huge margin requirements now so i can't get anywhere like that anymore. haha. It's been a 200% on tvix requirement now for months. But the reality is that it helped save me last week from not getting in that heavily.
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Post by theMist on Aug 16, 2017 13:13:07 GMT -5
This media circus just doesn't stop with this stupid story of Trump disbanding strategic & policy forums and CEOs issuing statements
Do they really think Trump is anti-semitic and pro KKK, Nazis??
His daughter converted to Judaism and his son in law is Jewish!
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Post by lasvegas77 on Aug 16, 2017 13:19:10 GMT -5
You'll go crazy watching the news. The media will make a fake story out of nothing. There's no basis for it.
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Post by theMist on Aug 16, 2017 13:22:29 GMT -5
You'll go crazy watching the news. The media will make a fake story out of nothing. There's no basis for it. yeah but this news story stopped this Bull right in its tracks today after it was starting to breakout I think North Korea launching an ICBM had less of an effect on the markets lol whipsaw action sucks today however, still short VXX and believe it will close down still
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Post by theMist on Aug 16, 2017 14:02:21 GMT -5
VXX
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Post by theMist on Aug 16, 2017 18:25:20 GMT -5
Jim's video
BTW - the iH&S confirmation w/breakout on S&P Futures was rejected with the news release closed out my VXX short in AH at 11.79 and not the greatest price but still up 4 cents on VXX for the day tomorrow I can trade
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