InvestorsHub Logo

Bill de MT

07/18/12 12:30 PM

#195 RE: bundyelvis #194

Nope. Can't buy. Out of cash. I'm still in VXX and getting killed for the time being. And bought TVIX last week. Getting killed in that as well. Even though I'm underwater in both of them, they're both showing bullish divergences so I'm hanging on. Likely to get my money back in VXX soon and still likely to make some good green in TVIX. I can't remember why I thought both of these had buy signals when I bought them. But, I wouldn't buy them today if I had cash. I'd wait for a signal where the day's high exceeded the previous day's high. This is probably my last time screwing with VIX futures ETNs.

TECS- Today's candle dropped to just right under a trend line that dates back to the beginning of April. Sell volume is pretty good today, too. And no bullish divergence signals. I'd stay away from TECS today and wait for a signal on the candles. Hard to say which direction it'll go. RITEC is right under some resistance and this rally seems like it doesn't have much momentum. AAPL is sputtering over the last week. So, I think RITEC is likely to go down causing TECS to go up. Still- I'd wait for signals on the TECS chart to buy. If you bought TECS today, there's a better than 50/50 chance you'll do well. But, with every crappy trade I make, like TVIX and VXX, I'm getting more conservative. I need better than 50/50.