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TVIX has been large in these markets bear moves.
The higher the VIX the slower we will go down. Don't be dooped though, TVIX can still fall like a lead ball before you know it, but it will run up faster the higher the VIX is. It's not uncommon to see TVIX green when the S and P is green if the VIX is this high. Also you can see TVIX red when the S and P is red when the VIX is in the low teens. Read the sticky above and also there are some very smart posters here that have a good grasp on this ETN. Most of the posts here are just noise, so you'll have to wade through the riff raft, but I think you'll get it if you want to go back and read.
Good luck. Hope this helps, Learner.
With the VIX at 31.60 this is a fun place to be.
Very funny. At least we can joke about it here. Not the same over there. Futures look Red again right out of the gate.
WooHoo! What a day!
WE didn't get the market rap up.(Day 4) Did you add 1/2 of a percent into VXX today?
I'm still holding out for a house. A nice house. lol At least a very large down payment for it. If we really do see 12000 in the Dow or less that very well might just happen.
China pmi came in as crap like they were forecasting. Futures look great and AH rocketed. Tomorrow might just be the most fun owning this we've seen in this latest run up.
Thanks DWP. What a great post.
If you would like me to un sticky let me know.
Thanks, Learner.
That's a pretty broad question. Go back and read Drcontago's posts to really get confused, but he most likely understands it better than anyone else here. I'll give it a try though. It's based off of a derivative of a derivative of a derivative. Sounds funny, but it's true. Mainly it's suppose to reflect 2x the S and P futures by reflecting put and call options for select companies in the s and p ranging from large to small. Last year it changed I believe to 20 companies. If the VIX is up, which many don't think it's correlated to our tvix price and it really isn't, but it does show how much protection is being bought in the market. Put's verses Call's and that's where we go up and down in a nut shell. Hopefully I don't get crucified here by others way more knowledgeable of this and the markets than myself, but oh well.
Hope this helps, Learner.
Asia down right out the gate and sinking.
China PMI numbers have got to be horrible coming out this week due to their slowing. Wonder if the government is willing to shell out whatever it takes to keep the market up prior to the parade on Thurscay. If they do, it's going to cost them. lol.
Also we get non farm payroll numbers and I bet we'll be north of 215000 so no matter what the markets do a rate hike will be more probable than ever and the market drops even more.
At this point it looks like holding over the weekend will be golden.
Black Monday? Had to love last weeks action. Monday spikes the VIX, Tuesday builds a base, then the rest of the week we regain points in the markets and still go up a dollar+ a day as the VIX gives up a few points a day. Hopefully tomorrow will spike the VIX up to 40+ and we keep going north.
Futures falling right out the gate.
It sure is darnit.
Come on. We need big sell off on the markets into the close. What a great day for us holding.
It sure is dancing like it wants to run if the markets will start showing some real declines today.
Looks like you're right.,,EOM
Keep your eye on oil!
Learner.
Nice. I suspected this time would come. So are you .005 in VXX now? You know I'm here and watching. Thanks for your input.
Learner.
VIX 30.32 EOM
Am i dreaming. Creamer just said sale now and buy back later.
Good post Newyorker. I agree.
Futures are falling now. Humpty Dumpty might have just fallen off the wall. Once the oil companies that aren't profitable with oil in the $30's can't service their debt it will domino. I believe October is when we will start hearing about that.
I am holding. I haven't flipped this yet. Just holding. I've got some losses from some old shares that I'd like to cap on before I sale. I could sale 1000 shares now and hold a 1000, but then I'd have to use another vehicle like vxx which is only half the return as TVIX. I think this is the big one probably and with the VIX so high I would stand to loose more being out and missing the gap up than I could loose from it gapping down. I know crazy!
Closing low of the day the chance is very good we see more blood in the streets. If oil resumes it's decline look the f*** out. -1000 on the DOW might just hold.
Congrats on having a winning day today Rocco and everyone who put it on the line today. As for the AH.. I just looked and it's only around 7000 total shares that's made that drop. Don't let it fake you out. VIX is at 36, down from last night, but with that said TVIX is going to move very quickly to the upside with very little negative market reaction. I don't think 20 tomorrow is out of the question at all. Of course with a decent rally tomorrow witch I don't see coming 11 could be in play to. Still holding for the long haul. just got home from work so I'm still catching up on posts today.
GLTA! Learner.
Did you hold Rocco
If you're right TVIX will probably pass yesterdays hights. Looks like a pretty big haircut at the opening though.
Sorry, I meant futures.
I see that. It doesn't seem to have much effect on our AH markets which are up quite a bit right now. It's early though.
AH's is running pretty high right now. I don't usually pay a lot of attention to that until morning time close to open, but you can't ignore this big of a run up. I'm also holding 2K and I will be holding this until I see a distinct reversal in the market to the up side. I know this moves extremely fast in both directions, but if you're not willing to ride out 10 to 20 percent swings than this most likely isn't a very good place to put your money. I know you know quite well how this trades. I just posted that for those that might be new to this ETN and are reading this.
Good luck Rocco...and all Learner.
AH just printed $14.10
Nice entry point. I added 1000 shares at #6.05. Is this just shaking the tree or are we going to start trending this way is the question. I'm leaning towards trending. China's still broke and our own market had ridiculous gains year after year for years.
We'll see. Good luck, Learner.
I agree! Huge gap up!
I'm watching. Wow!
Futures pointing to TVIX running tomorrow!
BAM Baby!