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03/06/2020 Live Update

Re: 03/06/2020 Live Update

Postby JFR » Fri Mar 06, 2020 11:03 am

My swing trade biases for these ETFs. DBC short but at a bottom. GLD long but at a top. IYR short. SPY short. TLT long. USO short. UUP short. Just in my opinion. Taking a break. Back later ...


2020-03-06_0659.png
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Re: 03/06/2020 Live Update

Postby Heck » Fri Mar 06, 2020 11:04 am

JPMorgan says CEO Jamie Dimon is recuperating after emergency heart surgery

JPM Target + 61 %
From 105.02 to 169.4
+ 3.3 % Dividend

198 % Debt/Equity
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Re: 03/06/2020 Live Update

Postby Cobra » Fri Mar 06, 2020 11:06 am

It's morning hourly hollow red
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Re: 03/06/2020 Live Update

Postby BullTart » Fri Mar 06, 2020 11:08 am

Nice trade

TVIX Double leverage daily compounding reset
From the Prospectus:

'designed to achieve their stated investment objectives on a daily basis, but their performance over longer periods of time can differ significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate or long-term investment objectives, and may not be suitable for investors who plan to hold them for longer than one day.'


Thanks! Yes, decay on levered ETFs can kill... but when we have these huge swings, holding overnight for a day can make the decay a rounding number. For example, at the triangle back-test fail yesterday at 11:30am-ish, tvix was around 124-125 when I loaded up.

It opened at 200 today, overnight.
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Re: 03/06/2020 Live Update

Postby BullBear52x » Fri Mar 06, 2020 11:08 am

good 20+ handles range to be had.
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Re: 03/06/2020 Live Update

Postby Al_Dente » Fri Mar 06, 2020 11:09 am

“What A Persistently Elevated VIX Means For The Market”
http://www.athrasher.com/what-a-persist ... the-market
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Re: 03/06/2020 Live Update

Postby BullTart » Fri Mar 06, 2020 11:12 am

trading in a downward channel now... may load up even more tvix if we hit the top of the channel and don't break through
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Re: 03/06/2020 Live Update

Postby QED » Fri Mar 06, 2020 11:15 am

Heck wrote:JPMorgan says CEO Jamie Dimon is recuperating after emergency heart surgery

JPMorgan CEO Jamie Dimon has a heart?
Is it his? :twisted:
.
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Re: 03/06/2020 Live Update

Postby Cobra » Fri Mar 06, 2020 11:19 am

Bias is up, may test the EMA20 above.
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Re: 03/06/2020 Live Update

Postby Heck » Fri Mar 06, 2020 11:27 am

BullTart wrote:
Nice trade

TVIX Double leverage daily compounding reset
From the Prospectus:

'designed to achieve their stated investment objectives on a daily basis, but their performance over longer periods of time can differ significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate or long-term investment objectives, and may not be suitable for investors who plan to hold them for longer than one day.'


Thanks! Yes, decay on levered ETFs can kill... but when we have these huge swings, holding overnight for a day can make the decay a rounding number. For example, at the triangle back-test fail yesterday at 11:30am-ish, tvix was around 124-125 when I loaded up.

It opened at 200 today, overnight.


Good point
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Re: 03/06/2020 Live Update

Postby te_fern » Fri Mar 06, 2020 11:28 am

BullTart wrote:
Nice trade

It opened at 200 today, overnight.


Nice trade, thanks for posting your play by play! I'm learning something new everyday!
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Re: 03/06/2020 Live Update

Postby BullBear52x » Fri Mar 06, 2020 11:30 am

morning bulls can not lose today. Boooya! :mrgreen:
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Re: 03/06/2020 Live Update

Postby BullBear52x » Fri Mar 06, 2020 11:32 am

Honey hole is well and live even in this environment. Greed is good world. :lol:
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Re: 03/06/2020 Live Update

Postby Heck » Fri Mar 06, 2020 11:32 am

Someone placing large bet on Trannies

ALK
46.83
Alaska Air Group Inc
+3.37(+7.75%)
UAL
55.159
United Airlines Holdings Inc
+3.57(+6.92%)
COG
15.78
Cabot Oil & Gas Corp
+0.86(+5.76%)
RCL
69.46
Royal Caribbean Cruises Ltd
+3.68(+5.59%)
NCLH
30.14
Norwegian Cruise Line Holdings Ltd
+1.55(+5.42%)

Not us
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Re: 03/06/2020 Live Update

Postby Cobra » Fri Mar 06, 2020 11:32 am

Probably the bear's last chance for today here. Key time. Strong breakout then it could be an uptrend day.
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Re: 03/06/2020 Live Update

Postby Heck » Fri Mar 06, 2020 11:33 am

BullBear52x wrote:Honey hole is well and live even in this environment. Greed is good world. :lol:


Nice trade
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Re: 03/06/2020 Live Update

Postby BullTart » Fri Mar 06, 2020 11:37 am

at the top of the channel, got some more tvix here, with a tight stop in the event of a continued breakout to the upside
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Re: 03/06/2020 Live Update

Postby BullBear52x » Fri Mar 06, 2020 11:38 am

2995 is possible but that will be a big resistance at that level.
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Re: 03/06/2020 Live Update

Postby BullTart » Fri Mar 06, 2020 11:44 am

Got stopped out - will be better entry points
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Re: 03/06/2020 Live Update

Postby BullBear52x » Fri Mar 06, 2020 11:49 am

I am always remind myself, where was I (position wise) during the past RSI(14) were under 30?
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