Digging Deeper
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I don't see any headwinds until Alcoa kicks off on the 10th, Monday the 11th, if their #'s are bad is my target entry. it also gives them a couple weeks to get to 2100.
support levels dropping left ind right in VXX and TVIX and usually there's a big pop when the market soundly breaks a round number lik 1900, 1950 etc. until major resistance at 2100
it could be there tomorrow at this point. it's dropped below any support whatsoever, and dropped what, .50 today and it aint over yet.
or we could break 2057 on SPX EOD and tvix gap down in am
if it does I'll be darn glad I sold and go in hard.
right now it looks like the VXX won't hold 17.71 support, and the next leg is 15.50ish thats 16% below the 18.37 now.
by that math the tvix would drop another 32%, or 1.50ish from the high 4.70's
imagine getting in at 2100 for 3.25 on the TVIX??? one can hope.
TVIX has no support down here, glad i sold or I wouldn't sleep tonight. still up good for the year, but took another beating on this one. Fuck yellen.
good call, now tell me when to re-enter
still has another dollar to drop to get to double bottom
thats about 5%, or 10% on the tvix
with the decay and the slow bleed as the SPX moves up slowly, combined with the fact that the VXX is no where near it 15.5 bottom back in august.......it could go to low 4's or more. I'm still holding a good amount, so I shouldn't even be saying this...wall of worry and all
I just dumnped more shares.
I just sold about 1/3 of my position. there's not a lot going on on the economic calendar and some of the builder earnings and companies tied to them coming in before Alcoa on the 10th. I'm thinking they try and run this up some more, but who am I to say. just seems like the number have been coming in pretty good lately across the board (even if their cooked numbers and revised so far down you couldn't help but meet them)....guess i'm getting a little spooked and want some dry powder should they run it to 2100.
close will be interesting today.
what is INO?
I'm convinced yellen sole purpose is to prop this pig of a market up until obama is gone.
"Still, the Fed can hike if the economy grows faster, she said. But if the economy falters, she added, the Fed can "provide only a modest degree of additional stimulus."" LOL
I'm chomping on a cuban right now and stroking my monkey. Mr big, my wife calls him mr winkie, says the market crash comes monday after bad GDP #'s
either way, the VXX is still going up, as is TVIX along with it.
that tin foil hat is clouding your thinking
their greedy yes, but to push it back to all time highs would be just plain stupid given the conditions. not saying they won't try, but the MACD has only been this high in years, short of a stin in Nov and we alll know what the mkt dod from there, the greed index is pretty darn high as well
they set it down perfectly on 2050 LOL
roll this fat girl in some flour, cause I'ma bout to stick it in the wet spot!!!
BT board, obrien??? you speaking in tongues man?
would like to understand the wave concept (elliot wave?)
link(s) would be appreciated.
have VXX and TVIX in your favorites list on yahoo. just look, when VXX runs so does TVIX....almost to the second.
details?????????????????????
I'm thinking the shorts covered yesterday which is why the volume was so high, but they could get away with it and not shoot the price up because everyone is running for the exits. playing with fire to short this now, but who knows.
same here. a month ago we were luck to get in the 9's!!!
VXX has pretty good support at these levels and the SPX seems to have resistance
but mainly looking at the VXX, I'd say thats why this thing hasn't tanked when the SPX passed 2050
It "could" go to 4...then again, this thing has been sludging around the 2050ish for several days now. seems to be a good fight. and I would think the bulls are throwing the kitchen sink at it to end the quarter well.
don't follow my advise though. I'm being bullheaded because I sold UGAZ at the very bottom before it skyrocketed, and I'm still fuming from that. I'm holding, as this could turn on a dime.
when it does look out.
AND WE'RE WAY OVERDUE FOR A SHARP PULLBACK FROM THE RUN THE MARKET IS ON.
personally, I think everyone talking about the 2100 number is not as relevant as the VXX....after taking a hard look at the charts.
I'm not going to give my estimates, but these charts are almost identical, except VXX has a lower support level going back to 12.3.15 and 11.3.15
these also correlate to 2100 on the S&P by the way. The reason I would think the TVIX is lower % wise is decay.
I'll let you guys do your own chart study and come up with your number, not because I am being a dick, but because I am holding substantial shares and there's enough doom and gloom talk in here already.
whole lot of new faces screaming the sky is falling. why is that, I'll let you guess.
that trade show on my scottrade chart, so not sure why you're saying it was removed.
time for her to start her ascent!
after looking at the charts, it looks like he's right. it tracks the VXX VERY closely on the charts
here's my take for what it's worth.
They're probably shorting it if they plan to make a run for 2100 by month's end, knowing if they can do that they can get TVIX lower. either way, volume before price, and volume is through the roof.
if it's capitulation, thats good.
if it shorting like mentioned about, thats good, as long as you don't sell.
they're making you feel the pain right now. I'm no expert, and I'm holding, but you know what they say, but when theres blood in the streets. I would definitely buy more, hell, I'd load the boat at these levels if I had more $$
and the VXST is up 7%, so us being down 5-6% is not a bad day. if thats the case anyway.
personally I see it as capitulation, which is good.
you sure about that. I thought it most closely tracked VXST
http://www.cboe.com/micro/vxst/default.aspx
http://sixfigureinvesting.com/2015/10/how-does-tvix-work/
also had to break out my lucky penny and tuck it in my pocket again
I do think, or hope might be a better word, that the market will rationalize all the help their getting from the banks. ECB, FOMC, BOJ, BOE all just met and the euphoria should wear off soon I would think.
That being said, as superstitious as I am I just changed my screensaver, tore down most of my notes on my office board etc. etc...cleaned house.
silly, I know.....
I wish, tapped out right now-taxes due EOM
Holding at a loss for now.
cramer is usually wrong or late. he's a pumper
had to throw another 20k in and get some 5.74's wish me luck