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Apparently 100000 oct Vix 17 c... we're also bought.... so who knows... I don't... lol spy
Ran out of posts yesterday... but wanted to post the exit of my uvxy position at close with a decent loss... however I had to stick to my guns on that one based on what the daily chart was saying to me... and it didn't pan out... it happens... back to scalping daytrades... gla spy
Well they are going for the bullish cross now... spy
They are trying to bring up the Mas for a bullish cross on the 5 min... I call bs... but who cares right...? Lol spy
Well at that point the moving averages on the five minute were crossing bullish here and bearish on the s&p... but they got broken up and nothing materialized... kinda like right now... but I'm holding uvxy calls and so I'm keeping an eye here... uvxy
K well.. 5 min chart turned bearish... watch to see how they break it up... spy
Mexico duh...
Thanks for the link... spy
I think participants are just focusing on numbers here and not grasping that these numbers are based in reality not just numbers... My fear is that traders are forgetting exactly why we had this rally and how inflated it has gotten since... if the HC thing didn't work and if the Tax thing is priced in ( my theory ) or misses expectations then I'm afraid it will be ignored and shrugged off like it was never an issue.. and we are back to focusing at the psychological number areas... spy
You may have a better chance of spy puts hitting then uvxy c hitting here... volatility products are being subdued imo... spy
I based my bearishness off the daily chart using longer sma and usually they adhere to the function... but this is the second time in this rally that they have been pulled apart again... usually done with gap ups and stagnation until they cross back over or deny the cross altogether.. that second part is what's happening now... so stay frosty... gl spy
Yeah that was based on the 1 min which is more volatile imo... but the 5 min hasn't turned bearish yet although it's slowly getting there... spy
May get a bigger bounce here... spy
Lol... on the 5 min... it looks like there is a trend line starting at the low on the 25th and we have bounced off it since and now we are roughly in that area again... so perhaps we do it again... :-/ spy
Lol... yup.. don't mess with mo
Money yellen... I can see it now.. kicking back with a gin and juice listening to snoop dog... sending Donnie 2 scoops straight to voicemail... gangsta... spy
Hurry Janet we need a bid here...! Get the rolladex call somebody anybody... tell them to say something bullish..! Spy
Held uvxy calls into today... after today I'll be closing the position if it remains a losing proposition... we shall see... gla spy
Gotcha... yeah i have been trying to find the time but can't find it anywhere... I guess that explains it... lol... spy
What time is this bs at today...?
So should be the tax reform as well... if it creates a deficit then I'd assume if things ain't as Purdy as they paint em then that's a no go also... hmm... spy
Remember the other day... seems like just yesterday... when we were all like man I'm just looking forward to getting past the HC, tax, and fed stuff... well so much for that.... oh wait... it was yesterday.... ugh... still holding my battered and beaten uvxy calls... I'm running outta tums though... we shall see... sorry to hear bout your day... sux... spy
After thinking about it... perhaps the fed knows they are screwed and bought all these assets to inflate the market but didn't have any real plan to let them go until they had to... now that they have them on the books they don't know how to get rid of them and that may be a nail driven into the Feds coffin...? Spy
Yeah that's a blindside for me... I assumed we were on a path to "normalcy"... and those things you posted about may be closer to reality then not... but all I know is that with all this speak they risk losing credibility more then they have already... perhaps that's the point... the ultimate middle finger to Donnie 2 scoops would be to tank the Econ and market with it to ensure he loses also.... idk strange stuff and strange times to boot... spy
Well if the market wasn't confused before... it definitely is now... spy
Getting close to decision time imo... uvxy
They're trying hard to do the shaky shaky... uvxy
I really don't see the big fund managers telling their minions to buy this inflated market after the fed said it's gonna start selling the assets it helped inflate... I'm no economist nor am I a financial guy but that sounds like a 100% losing bet to me... but with all them in cahoots it's hard for me to trust anything in this market... spy
Yeah... it's par for the course with spy to lure in da shorts... but I also think sentiment is shifting to the other way around as you posted... holding uvxy 24c so I'm hoping it does... gl
This may be the old lure the shorts for some shake and bake... spy
Looks like they are about to run up or shut up here.... spy
We need more wiener news....! Lolzzz... spy
Yup... also stochastics say we are halfway through a move lower so we shall see how this all plays out... gl spy
Imo the majority of market participants are distracted by the executive/legislative hooplah to realize they are starting to look an awful lot like frogs and the market is starting to resemble an already simmering pot of water... of course how long it takes to boil is anyone's guess... I like your post... it's a very good point... uvxy
I'll be holding through the turbulence I think... we shall see... my stomach is strong and I've got plenty of tums...!
Of course it's a high risk environment here... holding through the turbulence prob isn't advisable... spy
Kim gave strict orders Not to give up the reeboks... but he's willing to negotiate on the adidas.... uvxy
Keep those eyes peeled and dat popcorn poppin...! Lol spy
Uvxy gotta get up above 23.29 and close above for me to get more excited about the trade... but it's gotten a bit of Pep in its step so perhaps it might... of course I can dream of my upside target at 27.08ish but I'd probably unwind way before it ever got there... and of course given the environment it may be a non starter at this point... downside would be 19.98ish so we ain't gonna talk to much bout dat... spy
247.38ish is my downside target if we are heading that direction... 249.44ish would be a decent R to let me know to unwind my uvxy calls if we get there... so there's my spy lines... let's see what it means for da uvxy... gla spy
Absolutely agree on your points... and also don't blame ya on the end part there... I've seen ( as I'm sure we all have) premium get ate up by knee jerk reactions from fed announcements... may be the case here and better to wait till afterwards... spy
Yeah we could prob stand for a relief... but maybe a gap down and then run from there into close... idk all I know is the MAs have turned bearish on the hourly and also kinda too close for comfort on the daily... imo they are about to confirm sell da rallies... spy
Thanks...! Glty also... Yeah i gotta feeling that the tax cut thing will be a big disappointment for the market... sell da news so to speak... cuz it's already priced in imo... but maybe we get a pop on a "bigger" tax cut for corporations then expected... however it can always be turned around and made to look like something bad so I'm watching as well for a knee jerk reaction... but also it could be the thing that breaks us out of this consolidation... fun fun... all in all though I'm flippin tired of the fed, trump, and geopolitics... I'm a chart watcher not a news watcher... that news stuff just serves to raise my BP anymore... lol spy
Yeah I hear that... but I have a feeling that sentiment will shift soon... but who knows for sure... glty spy