03/06/2020 Live Update

[JFR]

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 ...

[Heck]

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

[Cobra]

It's morning hourly hollow red

[BullTart]

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.

[BullBear52x]

good 20+ handles range to be had.

[Al_Dente]

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

[BullTart]

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

[QED]

JPMorgan says CEO Jamie Dimon is recuperating after emergency heart surgery

JPMorgan CEO Jamie Dimon has a heart?
Is it his?
.

[Cobra]

Bias is up, may test the EMA20 above.

[Heck]

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

[te_fern]

Nice trade

It opened at 200 today, overnight.

Nice trade, thanks for posting your play by play! I'm learning something new everyday!

[BullBear52x]

morning bulls can not lose today. Boooya!

[BullBear52x]

Honey hole is well and live even in this environment. Greed is good world.

[Heck]

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

[Cobra]

Probably the bear's last chance for today here. Key time. Strong breakout then it could be an uptrend day.

[Heck]

Honey hole is well and live even in this environment. Greed is good world.

Nice trade

[BullTart]

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

[BullBear52x]

2995 is possible but that will be a big resistance at that level.

[BullTart]

Got stopped out - will be better entry points

[BullBear52x]

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