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SORRY GUYS
Next Stop 1320 for the S&P.
I will be buying TVIX when we approach 1320.
The Techs keep saying we are going to retest the lows around 1070.
I'm not going to fight it I've jumped in today on some stocks and plan to hold.
DOGMA
ETF Profit Strategy Newsletter
Anybody care to ante up the $149 for the newsletter.
DOGMA
Here is my take on this
We have the smart money buying the futures of the vix as protection for their position in the market. They think the market is going higher but are not sure and want to sleep at night so they are buying the future vix. As in my previous post the Italians got a bill coming due in the 1st Quarter and the smart money and the Euro are betting on it they will default on it. I don't know how far you can kick the can down the road.
DOGMA
May be this is the REASON
Our good friends the Italian have a little debt to pay back in the 1st Quarter of 2012
Unlike Greece or Portugal, Italy (NYSEArca: EWI - News) plays a key role in the euro's survival or demise. Italy has the third largest economy but it also has the dubious title of the second most indebted eurozone country, after Greece (NYSEArca: GREK - News). Around 53 billion euros in Italian debt must be repaid in the first quarter of 2012.
Read the full story here
http://finance.yahoo.com/news/Interest-Rates-Italian-Debt-etfguide-1608452716.html?x=0
How high do u think EUO could go if the Euro drops to 1.25 like alot are expecting.
DOGMA
EUO
Do you think that is a good bet? I think I'm going to buy me some EUO next Tuesday along with somemore TVIX
DOGMA
Something is brewing
I'm holding overnight but only a small position. There are European Autions next week and that includes Italy 10yr bonds which is still at 7%. Does anybody know of an ETF to short the Euro or an inverse ETF for the Euro? I keep hearing short the Euro and if you look at the Euro it hasn't moved. There is something going on with the Finacials over in Europe.
DOGMA
NUTS!!!!!!
TVIX green on a green day. Just think if the market was red. Watch the S&P 1270 resistance level. We have failed this level 3 times. They are trying to push it through on very low volume. I wish I would of got up in the morning and got in at around 28. Oh well I want Wish everybody a MERRY CHRISTMAS.
DOGMA
The TVIX is catching up to the Future
Funds manager has been buying the vxx 30 January, February, and March calls. They are predicting a bump in the road. The TVIX is finally catching up to these futures calls. Now if we get a turn in the market TVIX will fly.
DOGMA
TVIX is moving up on up day
Maybe the TVIX is starting to act like it supposed too. I wish I would of got in at 26. I have taken a beating the last couple of weeks. I'm going to start a position a very small position and ease my way into it next week and then hold. The lows last summer was around 19. This thing is going to pop when we get some bad news. If you look at the news from major corps like Oracle and Intel they reduce their guidence due to slow down in the global markets.
DOGMA
Sucks!!!!!
That is all I can say.
DOGMA
TVIX is not responding very well
I'm not going to touch TVIX until the new year. I got into TZA this morning and I'm holding over night which doesn't look good right now.
DOGMA
What are you guys trading
I'm getting killed in this market, but I'm not quiting. I'm still up for the year. I'm looking at TZA. is there an ETF that hedges against the commidities.
DOGMA
No fear in the Market
There is no future calls of the VIX. The fear is coming out of the market. I'm waiting for a pull back into the low 30s. After the first of the year the santa rally will be over and the market will go down. I wil be buying the TVIX in the low 30s.
DOGMA
I'm Out
bought yesterday at 49.00 and was able to get out 48.27 A little loss. Corps are cutting guidence and growning concern of slow down. Yet the market goes up. I'm done for the Day my day margin are exhausted
DOGMA
Just can't get a break
The market should be down nothing was accomplished.
DOGMA
FTSE CAC, DAX to Open Lower; UK Vetoes Euro Treaty
For your reading enjoyment
http://www.cnbc.com/id/45608707
DOGMA
I think she is going down
I was watching CNBC and their was some pissed and concerned hedge fund managers. They are out of positions and will be unloading the truck or buying the vix to hedge their positions. I tell you it is unfolding. There are some big hedge fund bears out there too who are well positioned. This is exiting. Did you hold any TVIX overnight?
DOGMA
CHECK OUT THE FUTURES
http://www.forexpros.com/indices/indices-futures
I hope all you guys held overnigt. It is only midnight here in Wisconsin and probably when I wake up in the morning it will all be green so I'm not going to bed.
DOGMA
TVIX does not respond like it use to
I hope tomorrow it does. I know a couple of days ago Fast Money reported that their was alot of 55 VXX calls either for January or March can't remember. The markets are going to plummet with no hard fincial number deal. Just an agreement on words. If you spend to much you will get a slap on the hand. Now that is funny.
DOGMA
It looks like it is falling apart.
The Britians just pulled their guy from the EU Summit.
European Union leaders sealed a new fiscal pact ensuring tougher budget discipline but failed to agree on a treaty change to enshrine the rules, meaning a deal may now involve the 17 euro zone nations plus any others that want to join, diplomats said.
An agreement involving all 27 EU members fell through - raising the prospect of a two-speed Europe - after British Prime Minister David Cameron demanded concessions that Germany and France were not willing to give, one of the officials said.
"We've always said we would do it at 17 if it didn't work at 27. That's what happened," one senior EU diplomat told Reuters.
The EU leaders, meeting in Brussels, agreed on automatic sanctions for euro area deficit offenders unless three-quarters of states vote against the move, and approved a new fiscal rule on balanced budgets to be written into national constitutions.
"There is a deal between leaders on the new fiscal compact," an EU official told reporters.
After nearly 10 hours of talks running into the early hours of Friday morning, they also decided that the currency bloc's future permanent bailout fund, the ESM, would be capped at 500 billion euros, as Germany had insisted.
It will also not get a banking licence, which would have allowed it to draw on European Central Bank funds to increase its firepower, another move Germany objected to.
As soon as the draft summit agreement leaked late on Thursday, a senior German official rejected key measures including letting the future rescue fund, the European Stability Mechanism, operate as a bank, and a long-term goal of issuing common euro zone bonds.
I'm holding overnight
God Help me or better yet Germans help me
DOGMA
Well Do I hold overnight
That is the the Million Dollar Question. If I would of hold during this run up I would be up alot more. What do you guys think? I'm thinking of holding overnight. Information is leaking out and it looks like the market is not liking what they are hearing. All those folks that bought up here are going to be selling tomorrow. There will be alot of selling pressure tomorrow. It seems to always hold true. Buy on Rumor sell on News.
DOGMA
Back into Cash
The Finacials are on the run. I was flipping between TVIX and JPM. Would of made more if I would of bought and hold TVIX in the morning and sold at the closed.
DOGMA
Figures
I sell the damn thing the day before and of course TVIX is up today, but I flipped it a couple of times already today and made some money. I will see how well this plan works. I'm for sure not holding it overnight.
DOGMA
Buy on Rumor sell on News
Do you think that is going to hold true? It did during the 08-09 bank crisis here in the states. My luck if I buy on the rumor it is probably going to go up on the news.
DOGMA
Well that didn't go as plan
Back into all cash. Was able to squeak out a little profit. Looking to get back in tomorrow or Thursday. I think this market is going to kill me both finacially and physically. At least I will be able to sleep tonight.
DOGMA
Got to have Balls
You got to have balls or a little crazy to trade this market and I have a little of both. I'm just trading on techincials and fast money crew was talking like the market is going to take off above 1300. Not so fast my friends, they probably want to sell before the market goes south. Watch tomorrow total different story from them. We will see if 1220 support will hold. I don't know the answer to the question. I will have to wait till we get to it.
DOGMA
AGREE
I'm going to hold into tomorrow. The Markets coast is clear feeling way to much over confidence in Europe.
DOGMA
GET IN
The shorts are going to pile on Once again the resistance S&P 200MA held. We are going lower and quick
DOGMA
Either we are going to break up or down
Looks like TVIX is finding support around the 40. You would of thought it would be down like 7 points this morning. This is similiar as to the upside. I think the market is waiting and uneasy right now. I'm not selling I'm down a little bit, but not much.
DOGMA
Didn't sell in after market
I'm going to hold over the weekend. I'm betting on the Techs. TVIX should go up 10 points. S&P should retrace to 1220 and see if we get support at that level. I really think there is more going on in Europe. I think we may start to see banks stop lending and freezing in Europe. There is a slow down in China that nobody is looking at. This will come to head by next Friday. The Germans are already saying this will take years to fixed and in the US the Republican said they will not lend money to the Europeans. I hope I can hold it until Friday I have a very itchy finger on the sell button.
DOGMA
Nothing goes straight up
The S&P could not break the 200MA 1256. It is going down. I put it all on the table and I'm going to hold over the weekend. I'm counting on the Germans and I'm hoping it is the time of the month for Angela Merkel and she is irrational. I hope Christmas comes early
DOGMA
Return of the Credit Crunch
http://www.cnbc.com/id/45516305
I knew it. This is just like back in 2008 when the US credit freezed. it took until March for the Market to turn around. TVIX is based on the future vix options. If the market does plummet the hedges will be buying vix puts to hedge their position. The TVIX will fly probably 20 points in one day.
With great risk comes great reward. Buy at your own risk
DOGMA
It is setting up
There is reason behind why the Central Bank had to step in. EU banks were about to close shop. They just put the band-aid on the wound. Look at China growth has slowed down. I'm going to start buying TVIX tomorrow after the market jumps 200 points in the morning. I'm going to accumlate and my biggest buy is going to be around the S&P 1250. I'm taking a gamble, but this is setting up.
DOGMA
Sure do
But not as bad. I didn't buy any 2 nights ago, but I would of if I my day margin wasn't tied up. I bought some yesterday and sold right at the bell this morning thank god.
DOGMA
China PMI Falls to 49, Lowest Level in Nearly 3 Years
Not so fast my friends
That is why China relaxed some of its bank policy
China's official purchasing managers' index (PMI) fell to 49 in November, the lowest since February 2009 and below the 50.4 level in October, the China Federation of Logistics and Purchasing (CFLP) said on Thursday.
Analysts had expected the official PMI to be at 50, the level that demarcates economic expansion from contraction.
The federation compiles the index on behalf of the National Bureau of Statistics.
The input price sub-index, a measure of how much factories pay for raw materials and intermediary goods, fell to 44.4 in November from October's 46.2
DOGMA
I agree
I just picked up some TVIX. I probably should of waited until after the jobs report on Friday, but I'm hoping for a little bounce tomorrow.
The EU banks were going under
EU banks could not borrow and they were freezing all assets. I was going to buy TVIX yesterday but I couldn't. I lucked out of this one. I am going to wait until Friday Jobs report. I don't trust this market to go long on any stock and this has that eery feeling of 2008 banking problem.
DOGMA
That is why it doesn't pay to hold anything overnight
You never know which way the market is going to go.
I'm in all cash. I will be looking to make a quick buck tomorrow.
DOGMA