Al_Dente wrote:Note TWO more one minute volume bars, totaling 5 million shares, 2 minutes
Something is about to hit the fan …….IMHO, Kool-Aid, WDIK etc
Looks like buying to me?
OY OY OY (you are good)...The old double top, screw the internals trick, Merry Xmas market....sheeeeeesh
...Dr. Al, you are good! Thanks for warning - I could have lost my shirt Merry X mas!
Sure I/everybody saw the fan, but internals and moi were absolutely BLOWN AWAY on the DIRECTION
Happy Holidays to u
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Well, that's it for today. very strong close. Thank you guys I'll see you the next Tuesday. Merry Christmas and Happy New Year!
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gabor wrote:Cobra, are going to make market outlook tonight?
Not tonight but sure there'll one in the weekend.
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heavenskrow wrote:bulltart u going to hold TVIX into the close?
Im wishy washy.....
Yes, will hold- the structure terms and skew are pointing to limited downside, so worth the risk, even if SPX goes up like today.
We had a 10+ SPX handle day, and TVIX is up 4.6%.
SPX up, TVIX up. SPX down, TVIX up.
Can't say no to that until it stops working.
true....i just dont like the price action in bonds...for the full TVIX position...so im cutting my risk by half.
Key part in trading is managing position size, so that is key. I'm also not in "full" mode with TVIX. Waiting for further confirmation before going there.
heavenskrow wrote:bulltart u going to hold TVIX into the close?
Im wishy washy.....
Yes, will hold- the structure terms and skew are pointing to limited downside, so worth the risk, even if SPX goes up like today.
We had a 10+ SPX handle day, and TVIX is up 4.6%.
SPX up, TVIX up. SPX down, TVIX up.
Can't say no to that until it stops working.
true....i just dont like the price action in bonds...for the full TVIX position...so im cutting my risk by half.
Looks like someone is taking a profit on bonds and buying financials - year end portpolio reallocation/window dressing? Strengh in financias for the last two days has been amazing as well as money flow...
I have a cycle turn date 23rd Dec, but could have a spillover high on 27th Dec. In all, my guess is that a high is near and we will generally be weak moving towards 1st week of Jan.