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Wow, big drop. And this is just due to speculation that people will cancel their subscriptions due to wrestlmania being over? Interesting...may grab some shares when the dust settles.
If the ADVN-DECN stays above 1500 then the likely hood of a fade is unlikely IMO.
Not enough volume for /ES to break the current sideways trading trend.
Gut check.
Market internals currently looking pretty good. Let's see if NYSE breadth can turn green, then we will be in business.
I hope that 2150 comes sooner rather than later.
Anybody use interactive brokers? Thinking about switching over from td ameritrade.
It's a freaking battle ground out there.
/ES moving up pretty hard, do we have a bottom? Market internals still mostly red but tick is currently nicely green on NYSE and NASDAQ.
Yeah, breadth is too weak for a breakout either up or down right now, very hard to tell direction.
The NYSE breadth and ADVN-DECN are real close to going positive. That combined with TICK going up, I'd have to say market is going green.
I could see that potentially happening but as we all know, when the market gets spooked XIV drops really fast. Might jump back in to day trade it if the market starts running hard though.
I don't have money in any volatility plays right now but if I had to put money down it would be on XIV.
Weird trading EOD...
VXX barely green and SPX is down 10 points...wtf.
...but contango will still drag it down over time.
If you mean you're looking for something NOT leveraged, then yes. VXX.
Haha, indeed. Look at all the red on that daily chart, wow.
Indeeeeeed. Good trading day!
Have a good one.
Ok, I think it's pretty safe to say that we should be going over 2100 again in the next couple trading days.
I hope so! I'm riding it right now :)
TO DA MOON. lol....
Same to you.
Or just watch it trade sideways, haha. The market has been hard to read lately.
Well a catalyst would definitely shoot it up or down. I wouldn't bet on TVIX right now but I may play VXX tomorrow depending on how the market reacts.
...or something.
Yeah, so many articles are saying how "volatile" the market is right now when in actuality the market was way more volatile at the end of Dec and throughout January...
That's what I would think as well, maybe people are buying into VIX products now in anticipation of a future spike? XIV has held up pretty well lately IMO but tomorrow may be a different story.
Yep, being triple leveraged will do that.
AAPL looks to be trending upwards again. A run to 130+ wouldn't surprise me.
Cool. I sold my inverse volatility earlier this morning, apprehensive to delve back in until Wednesday afternoon. Just playing DIS and AAPL right now.
I think so, you said VXX may go to 30 before going lower?
Finally stocks are starting to move higher on my screen. Hopefully the trend continues tomorrow.
Also got the FOMC meeting this week. Could get pretty volatile, I'm gonna stick to day trading for the next few days.
Yep, looking like we could have a nice bullish day. Just bought back into XIV at 32.40.
Well XIV is going beast mode right now...wish I bought back in at 31 :/
Haha, wow.
Crazier things have happened. Looking at that picture I posted earlier I'm really surprised today isn't green.
That rally isn't looking very likely right now with /CL weighing the market down.