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I'll take some luck, but I've gotten pretty good at watching it "Adjust" at the eod. Checkout FB
JNUG I'm not holding over due to FOMC. Out 8.40, looks like a damn lucky sell too
JNUG trying, but not expecting alot so close to FOMC
UGAZ daily pincher is in play
DENN link back for the alert
I use the sma20 for the pincher target for whatever timeframe it's pinching on. It's pretty close after hours
XIV daily pincher still hasn't hit the target, taking its sweet time
DVAX still going from last week
$NAMO and $NYMO are both in the turn-around zone, so if the big change is Monday, my guess is down, but the summations are still pretty bullish for now.
UGAZ is forming a daily pincher, see the house of pinchers board for more info if necessary. Also keep in mind that pinchers work on any timeframe, so whenever I spot a pincher I start watching and typically trade the hourly chart. The entry and targets on pinchers can vary depending on individual strategy, but I look for the -DI to go inside the bollinger bands for a first signal. That happened yesterday. I'm not in yet, I'd like to see the stochastics cross on the daily and the EMA8 to go above the SMA8. That would be confirmation enough for me. First target would be the EMA8 on the daily and assuming it gets through that, next target would be middle bollie on the daily.
There are many daily pincher charts to look at for examples lately. $RUT, SPY, CCL and RCL come to mind. XIV is a daily pincher that hasn't hit it's target yet. UGAZ is in the early stages of doing that imo
No worries, I was just checking the market breadth charts. I don't post on this board anymore during trading hours. My game is spot on
still laughing? missed my alert to switch to JNUG yesterday at $8? Missed the JDST 15 min pincher today also? Laugh away, that's what we're here for. Making money is optional
Small change on the $NAMO and $NYMO today, not surprising to anyone who was watching
McLellan oscillators look a little over extended again but summations look very bullish
JNUG hourly pincher is in play, target is hourly MA20
Probably time to start watching UGAZ
DGAZ passing the weekly MA50, I'm not in
LOL he's not even right, civil is waaaaay too much to ask. People who are down big on TVIX are usually pretty unreasonable, that's why it's called the widow maker.
I'll be posting here now
JDST most certainly did beat TVIX percentage wise. Additionally, JDST is moving up after hours and TVIX is moving down. I have no idea what source you are using but it appears to be using logic that sucks. Notice how I attacked your source vs you. No more time to argue with fools. Enjoy my iggy list
My logic sucks? JDST consistently beats TVIX, and it did again today. And RDNT is trading over $8. Remember when you raked me over the coals for a $1.70 alert. LMAO, what was the logic? You blamed Obamacare. Too funny
You might get even on TVIX eventually, most don't, but attacking me won't help you.
They did get the weather channel back, but Cartoon Network and CNN that's insane
JDST beating TVIX again. Also note: XIV is a daily pincher, unlike SPY and RUT it hasn't hit the target yet
DISH - short it!!!! not only are the technicals looking for a fall, but they dropped Cartoon Network and CNN and 12 other channels. Holy smokes, why isn't it down 30% today? It will be imo
Understood, I told the funds about it last Fri, first look was enough of a maybe they'd research, they did research and thanked me yesterday
ROX looking great!
BXE is a pincher to watch, daily is in play, weekly is shaping up
HDSN I still like it for next week. HDSN, ROX IBIO and UNIS are still in play
Good luck, I'm pretty sure he's still around if you have questions vs searching a bunch of old posts. When you bet on a horse you know your odds, so it's easier to calculate risk/reward. The VIX isn't spelled out for us, but we can do the math. Most aren't willing or able to learn, so you'll be lightyears ahead of most, just by looking into it.
I usually flip UVXY, it's optionable and it's an ETF vs ETN, but I would never use it for protection. If I'm buying UXVY, I'm already out of my longs. Some funds can't do that, but I'm not a fund. It all depends on timing of VIX futures and the VIX curve. Just being in a bear market isn't enough to bet on the VIX. Betting on the VIX is betting on volatility regardless of whether it's in a bull or bear market. If you look at some of the older posts on the UVXY board, there is a poster named DrContango I belive who explains the math behind it.
As far as a Bear market, protection makes me think you are looking for something to hold to hedge your longs. The Bear index funds are meant for that. You can search Bear ETF's to look for a fund that would be a hedge against your longs.
The only smart trade on TVIX would have been to have shorted a dozen shares the day it opened and cover one share a year. Plenty of smart folks retired years ago on that strategy and they are awesome. Pumpers are either working for them to suck in new blood or they are the new blood.
TVIX has been suggested since over $7 and it went to $6.30. That's what happens you you buy in Contango and sell in backwardation. Most of the time traders buy in Contango and sell in Contango for a loss. If you bought at 2.55 and sold at 6.15, you bought in backwardation and sold in backwardation. It's still in backwardation, but the VIX expires next Tue night. Betting on it now is betting for a crash before the close on Tue. Might happen and that would be a killer trade, but you could put a few bucks on a longshot at the horseraces and make the same amount. This is not a stay away post. If longshot trades are your thing then go for it! Taking risks are part of this biz and we have to be willing to do that from time to time. This is a post meant to educate the folks who are too lazy to learn about VIX products on their own. Most often the posts here on TVIX forget to mention the little details about the risk.
CORT broke 10-day avg volume, weekly chart is a beaut. Shorts have to be freaking a little
CORT still looking for a short squeeze. JDST has broken 2 resistance levels and still going. DRYS is a daily pincher
CORT break and hold $3.26 could trigger a nice short squeeze imo
CORT is worth watching here
CDTI nice pincher chart - bottom plays in that sector have been really hot past few days. XCO I alerted two days ago, hit the pincher target today
LFVN is one to watch for a breakout. It's tapping on the weekly MA50 at 1.43
Here's my list of pinchers - note I have an avg 5 day volume criteria of 225K, so SARA isn't there, but even still I have 17 stocks. Mostly metals and oil/gas. price criteria is > $.83 and < $5.83
In order of % gainer today - a few are optionable, some have divys
It's also important to note that most of these are just popping on the daily, but the weekly pincher isn't ready. Trade accordingly
XCO - posted yesterday
SD
OREX
ACI
WLT
ANR
OMN
IO
SNTA
BALT
VHC
TC
IAG
CDE
SSRI
GTI
Congrats on SARA, I'm seeing alot of good ones bouncing off the bottom, but I'm still doing well with the breakouts. VSR and MNOV were good breakouts for me. I'll probably switch to scanning for bottom plays when the market confirms the daily pincher, might be a while, but hopefully it will happen soon.
Regarding the VIX products. It's really not as complicated as some make it out to be. I have explained it several times before. I use the analogy that it's like going to the ER vs waiting to see a doc. People get sent home from the ER all the time and all they have to show for it is a big bill, but they think they have a serious problem and of course it does quite often save their life. The VIX works alot like that. If traders are paying more for this months contracts vs next month, they see an emergency and they're willing to pay the extra money for immediate protection. They might be wrong and they'll lose that money, but if they are right it can save their account. Some funds have to stay in the market, so this is a good way to keep them afloat during crashes.
Traders here aren't using it for protection though, they are using it like a stock with a daily chart. That can work out when the VIX is in backwardation, which it currently is, but when the VIX was in contango and TVIX was over $7 when the pumping first started it was a terrible trading strategy. Even worse was telling people to hold and be patient while it was in contango.
You know the saying about leading a horse to water. There's a reason they use a horse as an example instead of a mule.