Hello my name is Tom
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Sold everything at end of day
Lots of intraday scalps
I suspect once the Chinese premier arrives tomorrow and shakes DT hand photo opportunity that should pump the markets up a bit
In hindsight I knew I should have bought the vxx may 10th 28 calls for .50 cents each on Monday
Very difficult to make aggressive trades early in a move
37 million shares on TVIX today so far and we are only at the mid day point ! wow.
282.84 on the SPY would fill that huge gap and put us close to 280 key support on SPY
seems like a no brainer first target
TVIX may have just double topped. be careful here.
the stock market ALREADY KNOWS whether the tariffs goes into effect at midnight this Friday...
so we need to read the tape to figure out
the VIX index is right now at an RSI of 70
anything above that leads to 50% up moves
the question is does RSI 70 level hold at first ?
I agree with you.
But I also think we will get volatility expansion going into this Friday with possible mega gap up opening Friday morning at 9:30am.
So it could very well be that the major sell juncture is a huge gap up opening Friday at 9:30am.
I think Trumps new tariffs will be put into motion this Friday at 12:01 AM
that should send futures plunging and as I said volatility gap friday morning which should then be the climax.
We are looking at a 3 day trade here plus a morning opening.
Bought 100 shares just now.
Will buy another 100 on a gap fill
I guess we need to wait for a gap fill in TVIx first
daily RSI is at 50 right now on TVIX
anything above 50 RSI on TVIX should turn it into a major runner
if we do a gap fill tomorrow to 20.20 I will probably triple my position
Very interesting trade setup right now on the TVIX
on a 100 share lot right now, if we do a gap fill on TVIX that would be a 200 dollar loss
on a 1000 share lot of TVIX that would be a 2000 dollar loss
and yet the upside potential here is 100% move up
wow
This is a unique trading opportunity since we have a hard deadline of this Friday.
The problem is the president can change or cancel any hard deadlines at any time.
But at least the charts are saying volatility should surge higher no matter what. We about to get a weekly buy signal on MACD in VIX
also we have the huge head and shoulders top in the DJIA
Seems like TVIX is a buy on dips the rest of this week. They will try to shake all longs out for sure before we surge up 100%
it is clear there will be HUGE Opening gaps on everything tomorrow... including VIX...
seems like an intraday gap fill first on VIX and then entry around 10am
Must read Chairman's annual message
https://www.alexcoresource.com/site/assets/files/4274/2019-agm-lts.pdf
well actually, there may be another shot at a long side here by mid week next week....
sell in may and go away...
;) I am out of this tvix idea....
looks like we need to go vertical for quite a bit more in stock market.
intel getting clobbered afterhours and AMZN neutral to down....
time for a TECH sell off ?
99% of the time it is a bad idea to hold TVIX for more than a few days
it just decays so fast and most of the time the stock market has an unrelenting bid and buy the dip wish crashes VIX
if you can manage to time the indicators razor precise and or use a trailing percent stop loss order then i can see holding it a week or a few days...
otherwise not recommended this is a very dangerous ETF
amazon will probably MISS on their top line revenue numbers today !!
it will go up because of a massive short squeeze
it will not get there in one day, but it should make a 100% move, maybe within a month or two ?
I mean the USA markets are already up 18% year to date.... if we keep going up at this rate the market will be up 60% by end of year ? not going to happen !
we will flash crash down and then recover back up into end of year
Pluto retrograde was RIGHT !!! spot on ! wow ! nailed the EXACT TOP !
TVIX 100% move coming
pluto unleashes its wrath today on the markets ! wow. You cant make this stuff up. wow
200 shares long TVIX now and buying calls on VXXB may 10
I may add by the close today
3000 seems like a given, but remember the market has a habit of not giving everyone exactly what they want
i mean just look at how long gold has been struggling to break above 1300, YEARS.
maybe the same will happen to spx
possible evening star candle on SPX today.
if today is the top, I will become a new believer in Astro signals
also quite interesting that gold and silver so resilient today after mining stocks got slammed recently.
does the black swan show up tomorrow ?
The action today is extremely interesting guys.
We are right on the nose of the pluto retrograde. The astro trader who pointed this out said it has the effect of a sledgehammer hitting something instead of a pillow.
VIX is UP todayand very resilient. TVIX is resilient quite a bit too so far.
The fed meeting decision is 4.5 days away...
Pluto RETROGRADE capricorn this Tuesday Wednesday
Very possible we top out Tuesday Wednesday
I guess where TVIx goes next depends on the tech heavyweight msft
Amzn earnings
NASDAQ up 15 of the last 17 weeks
Last time that happened was February 2000
I suppose I see the risk of mini flash crash type event, similar to the one that happened in February 2018
I was thinking more like 10 to 11 days left sideways slight down then a huge launch higher.
Part of this has to do with the huge inverse head and shoulders that exists in the DJIA or not 26616 is the key number that cannot be exceeded.
also this tuesday wednesday is pluto retrograde capricorn
in addition there is a bearish butterfly harmonic pattern in the djia
then look at how biotech got completely smashed recently. risk off
Anyone have a clear strategy for TVIX long ?
I see a 100% upside from here
Fed meet is may 1
Max drawdown from here in TVIx about 10% ?
This board is co completely dead
I guess that is a good sign
NEW 101K on the bid today second day in a row !
100K on the bid this morning !!!!!
Any prices above 6.20 for CVSI and it looks like a blue sky RUN
There should be a violent pullback from that 6.21 zone first though.
A person definitely wants to BUY THAT PULLBACK