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If the next dip gets close to 24.60 I'll be making my 1st buy in TVIX
VXX is headed to test $25
XIV $35
IBB hitting the wall and in the pullback I mentioned yesterday.
BAA looks strong here, could run hard at any point.
Waiting to see what GDX does at $19.60. We could have a better entry if GDX pulls back from there.
I'm watching, that could be it but want to make sure.
Looking for an entry here most likely today.
I have a couple of plays on deck today.
I'm thinking we should wait a bit longer, breaking of 25.64 does meet the requirements to finish the lower but I still have VXX breaking $25. In a few of my projections I have it moving much lower so IMO the best thing to do is ti just and see what happens for now. I'm thinking we get about $6 out of VXX so we have some time and in this case I'd rather be a little late than a little early.
GM, not sure if you noticed but VXX put in a low under $25.88. Now if we can get another low under 25.64 we'll be in business.
Good Morning, thought I'd stop by and see what you guys were up to. This is a great idea by the way. Much $ to be made playing these type of plays if you know what you're doing.
I didn't mean to ignore any of the questions today and I'll do my best to get caught up this evening.
I didn't trade a whole lot today mainly because of the set-ups or should I say how close some of these plays are to putting in bottoms. We had a good run there for a while and lately we've kinda been spinning our wheels. It's not because of anything we're doing or not doing but I see no reason to try and force plays when we're so close to having out playbook wide open. Keep an eye on the board this evening and I'll post updates to get us all back on the same page.
1188GC is the key, we break that and we're on our way.
We need to at least break that 25.88 but 25.64 would be better.
This is my base count for VXX that I posted last weekend. It looks like we've finished 3 and are working on 4. Not sure if it's done yet but no matter because the real play is in either TVIX or UVXY when VXX finished 5. Now the red line you see is the low and once we break that the move can be considered complete even if we don't make it all the way down.
I wouldn't be so sure, it's just kinda funny how the switch is coming so close to a major bottom in metals. I'm sure when it's all said and done the chance will be given credit for the raising prices and honestly I could care less who gets credit for what as long as gold moves higher.
Tomorrow could be the start of a whole new era in gold pricing.
http://www.marketwatch.com/story/a-key-part-of-the-gold-market-will-see-a-major-shift-friday-2015-03-17
You think this will have any effect on gold.
http://www.marketwatch.com/story/a-key-part-of-the-gold-market-will-see-a-major-shift-friday-2015-03-17
Give me a sec and I'll make one up. have you guys talked about what tomorrow could mean for the metals in general?
The next low from VXX below $25.64 will be my buy signal for TVIX/UVXY
This could be the start of a move higher. Watching to see what happens in the next few mins
There's a lot going on across the board right now. I'm just trying to get my ducks in a row so when this stuff does start to move I can be ready.
I've been busy this morning so not posting much but I am watching and trying to decipher this mess. If I have a good clean play I'll post it but for now I'm just letting things play out. Not going to try and force anything without a relatively safe out. Like I said I'm here so if you have any questions let me know.
Watching ES for a clue to what it's gonna do next. I still have the ending diagonal that takes us back to 2020-2000 on the table. The problem is I need to see a move into the 70's to make sure it's still in play.