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This board will remain in place under its new ticker TVIXF
Looks like the new ticker is TVIXF
https://www.otcmarkets.com/stock/TVIXF/overview
A lot of it is personal taste. Then there are personal views on risk/reward and goal achievement.
SDOW and UDOW work well.
Personally I pick one or two each day between NUGT-DUST, LABU-LABD, UVXY-SVXY, FAS-FAZ.
Just what I have gotten used to in looking for pairs that give me the movement I want for intraday trades.
I know a couple excellent traders that position hedge with SDOW and UDOW as well as trade them effectively.
Nothing wrong with them IMO.
If one looks at the top 10-15 stocks held by Robinhood investors as shown on robinhoodtracker there are very profitable scalps to be made in that arena as well. It mostly comes down to chart signals in the preferred time frame for trade duration.
Hope that was helpful. All IMO only.
Enjoy the holiday weekend.
Green Trades
What do you think about SDOW, $INDU appears to be struggling with resistance as of late
Yes, thank you! I have to read why they decided to stop credit swiss ETF's.
UVXY and it's opposite partner SVXY is what there is.
Keep in mind they are leveraged at 1.5X not the 2X of current TVIX.
I guess we'll play UVXY
What is going to be replacing/equivalent play to TVIX?
Thanks for the links Doc.
Hadn’t seen the first one.
TVIX will be missed.
Your help here almost a decade ago made me a wiser trader/shareholder.
Education should never stop.
GL!
EXCELLENT ARTICLE: WORTH A READ!
https://www.etftrends.com/looking-into-the-tragedy-of-tvix/
also worthwhile
https://www.thestreet.com/etffocus/trade-ideas/beware-of-huge-premiums-on-tvix-so-you-can-avoid-big-losses
Doc
One more day!
UGLD, USLV, DGLD, DSLV, ZIV, VIIX, and TVIX will no longer trade on any national securities exchange after July 2. UGAZ and DGAZ will stop trading after 7/10. They will be delisted on 7/12 and there will be no further issuances of these ETNs. More details
Here's a link to what I was referring to....
https://finance.yahoo.com/news/credit-suisse-ag-announces-intent-121500618.html
Sorry .. not following.
What.?
I thought you were getting ready to be delisted in a matter of days?
Does this have one more pop in it before delisting?
Not a good start.
TVIX—Your volatile tendencies will be missed.
Been in a strange/damaging/rewarding relationship with you now for almost a decade now.
Just like many marriages.
A breakup is not the end of the world as some may think.
Took a Starter here today..
Looks like PPT/QE is at it today boosting the market.
Green Trades
I think TVIX will shoot to $300 this week
I am not quite ready to think of 500.
That said, I do see a scenario where $VIX to 84 from here would equate to approximately a 150% up move.
If TVIX gets twice that then we would be looking at about a 300% mathematical move putting its price about $450 give or take
Not likely to happen before delisting. So how it trades after July 2nd will be a big deal.
The Fed is just creating a bigger bubble to burst, which at some point, will show exponentially in the short ETF's like it did once already.
I will also be watching/trading UVXY to see if they are in lockstep or diverge.
Buckle up. It will be a wild, wild, crazy ride that may be more hair raising than any roller coaster yet built..
Green Trades.
TVIX
We seem to be on a precipice.
Are we looking up or down?
Any thoughts/views/prognostications from any board members??
For some reason—I think many will be surprised over the next few weeks.
Will $500 be presented before $50?
$VIX Weekly chart. Last two weeks show the buying. Even with the price drop long tails and a hammer candle to end Friday. Price never closed below 8 or 13ema's and all ma's have up angles with positive stacking.
Once 36.20's and bb midline give way testing 44.44 has very high odds. Possible ride up to those 60's. That would be about 85% move to upper bb which should do something for nice forTVIX/UVXY. That is the optimistic view. What is to stop it except manipulation??
50's area on the daily might give some pause/consolidation. We shall see.
That type of action most often leads to a dissatisfying marital situation if things do not work out.
This old timer recommends against it.
I respect/appreciate your sarcasm.
Looking forward to an interesting couple of weeks.
Enjoy your weekend
So I shouldn’t have taken that second mortgage out to buy yesterday? ..dang
There are just too many unknown unknowns at this juncture
Well said D, as long as it does go OTC, not Greys, I am fully comfortable holding. With no new share issuance, and an extremely volatile market, it is very possible that this actually ends up trading at a premium to NAV..guess we will see what happens.
Some forget or may not know that before DWT/UWT (which already blew up as well lol)..there was DWTI/UWTI, which were delisted to OTC, but continued to trade accurately for many months before going adios..
$TVIX
Appreciated Citrati.
I’m still holding a certain percentage of my accumulated shares (unrealized profit)
I will do so till I get a better understanding of what may be ahead.
We know delisting is a fact.
We know that no further shares will be issued.
We know it will be trading on the OTC but not on what tier.
https://www.otcmarkets.com/learn/market-101/market-structure
I’ve seen a mention that it may be traded on the Gray market.
https://www.investopedia.com/terms/g/graymarket.asp
Personally, I’m fine with an OTC tier (not gray) as an all or nothing bet.
(ll)Liquidity may not be as bad as warned.
Frustratingly/realistically I have no idea as to what is ahead.
Which again leads back to the timing of this delisting....whose feathers got ruffled at credit Suisse?....better yet, who got paid or pressured, to pull all those etns of the market?...no one seems accountable for anything. In a twisted way, the delisting appears to confirm the real consensus.....
Buckle up, markets are about to get ugly
25% of all personal income in the US now comes from the Fed Gov.
https://www.zerohedge.com/markets/quarter-all-personal-income-us-now-comes-government
Yes, a great relationship trading and on the board.
You have been a good example of steadiness and discipline in trading throughout those years.
Wish you all the best in trading, health and life.
Enjoy the fruits of your labors.
And a great weekend to you as well.
Thanks C.
There will be trading opportunities presented till the delisting.
Each day/hour till then will be a gut check for traders and longs.
I’m going to miss the daily TVIX roller coaster.
Reminds me of an old girlfriend;
That was a great call and execution. Congrats on the gains.
Be Green Always
Stuck to the plan—Out @ $150+
Hopefully another scalp or two may present itself before EOD.
TVIX—GLTA!
A good day first 45minutes for TVIX holders/scalpers.
https://www.thestreet.com/etffocus/trade-ideas/beware-of-huge-premiums-on-tvix-so-you-can-avoid-big-losses
Hope this help everyone...
Tvix about to be delisted on or about July 2 so says E*TRADE coming from credit Suisse
Credit Suisse AG recently announced plans to delist and suspend further issuance of some VelocitySharesTM Exchange Traded Notes (ETNs). Please be advised that the Nasdaq ETNs (Symbols: UGLD, USLV, DGLD, DSLV, ZIV, VIIX, TVIX) will continue to trade on the Nasdaq Stock Market up to and including July 2, 2020. The delisting of the ETNs will become effective on July 12, 2020.
Based on this change, there is a possibility that a market for these ETNs may not exist after July 2, 2020. As an investor, you can continue to exercise your early redemption right with respect to the ETNs prior to, and following, the ETNs` delisting. For more information, please see the Credit Suisse Press Release.
Texas is running out of ICU beds in 4 of the largest county’s leading to cancellations of elective surgeries. If true...very bad news to come. BB
Bought some $137’s.
Looking to flip em around $150 at some point if able.
Stops are set.
Friday should be interesting.
GLTA!
* * $TVIX Video Chart 06-24-2020 * *
Link to Video - click here to watch the technical chart video
I will be moving to UVXY as well. Wondering about what are peoples thought on after July 3rd? Delist July 12th but they said no more isuance as of July 3rd? Will that make it less volatile?
I will probably move to UVXY.
Today at this moment UVXY is up 12.7% and TVIX is up 15.2%
Green Trades
It did.
Looks like realities will be hitting the broader markets around the time of delisting.
There is still money to be made before delisting but post delisting I truly have no clue.
Almost ten years here—I’m going to miss this volatility play.
Buy when in fear sell when in greed
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