Cobra's Market View

took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

It`s up 3.5%

MrMiyagi wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

If you want to buy the vix, watch UVXY, it is a 2x vix.

weak rebound, so bears still have hopes to push down more. must push down more.

"its this blend of tech and user thusiasim that makes him successful - or at best popular squak box

love ya cobra!! but remember, i just went wedding and a klittle bad typing and euohiric

Come on now, just admit it. You're in a great place having a wonderful time.... AND GETTING LOADED!!!

cmon bernanke!! printttttt

Cobra wrote:weak rebound, so bears still have hopes to push down more. must push down more.

total al brooks trend resumption day and with trend resumption day we always watch for fake out at 2:30, im done for the week but just wanted to point that out. if i was trading here i would be looking for l2 set up.


hiram

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

just my 2c on TVIX, and zero criticism or comment on your trade, but one reason why I particularly avoid TVIX / VXX as trading vehicles is that they measure the relationship between changes in premium for volatility looking several months out, and that is way different and oftentimes a poor proxy for actual market downside occurring now.

The VIX itself is a computed number, not a trading value and represents the premium in SPY options. The VIX is a reading not a tradable security with flow. My view is that VIX itself is hard enough to game (fear premium over price action that has actual supply) and that looking at derivatives of something that is already hard to "trade" (those being the TVIX and VXX) is tough.

Sorry if that was pedantic, I just kind of go into automatic speech mode when I hear anything about the TVIX/VXX. The other posters above me alos make excellent points re TVIX

hiram wrote:

Cobra wrote:weak rebound, so bears still have hopes to push down more. must push down more.

total al brooks trend resumption day and with trend resumption day we always watch for fake out at 2:30, im done for the week but just wanted to point that out. if i was trading here i would be looking for l2 set up.


hiram

good. thanks.

TraderJoe wrote:

MrMiyagi wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

If you want to buy the vix, watch UVXY, it is a 2x vix.

but vix up 7%, uvxy only up 3%?

TraderJoe wrote:

MrMiyagi wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

If you want to buy the vix, watch UVXY, it is a 2x vix.

Wife & I vacationed in D.R. this past winter. Internet cafe next to our room. Bought UVXY before open and had our vacation paid for in 1 1/2 hour. Then out! UVXY be good to me!

See the blue line at 1308.Must break..Then dn thru the June lows.Mkt breaks that ,then the fun begins.Had a busy day today and yesterday.The stocktrading charts and Dorsey Wright all inproved very,very little.on yesterdays green day..The TA just does not belive the mkt.Out of my long 2 days ago with only 1 point,was looking for 4 but thats trading I guess.Who knows maybe GS may be right.

lilitulip wrote:

TraderJoe wrote:

MrMiyagi wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

If you want to buy the vix, watch UVXY, it is a 2x vix.

but vix up 7%, uvxy only up 3%?

$vix is only up 1.48%

louie wrote: Wife & I vacationed in D.R. this past winter. Internet cafe next to our room. Bought UVXY before open and had our vacation paid for in 1 1/2 hour. Then out! UVXY be good to me!

I have not been there in 22 years. Had met a beautiful girl in Sosua and went back a couple of times and she showed me areas that tourists don't go to as well as some of the beaches

RZRsharp wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

just my 2c on TVIX, and zero criticism or comment on your trade, but one reason why I particularly avoid TVIX / VXX as trading vehicles is that they measure the relationship between changes in premium for volatility looking several months out, and that is way different and oftentimes a poor proxy for actual market downside occurring now.

The VIX itself is a computed number, not a trading value and represents the premium in SPY options. The VIX is a reading not a tradable security with flow. My view is that VIX itself is hard enough to game (fear premium over price action that has actual supply) and that looking at derivatives of something that is already hard to "trade" (those being the TVIX and VXX) is tough.

Sorry if that was pedantic, I just kind of go into automatic speech mode when I hear anything about the TVIX/VXX. The other posters above me alos make excellent points re TVIX

That was my whole point - I hate those trading vehicles. So the question is, why on earth did I do that? Pure stupidity!!!

lilitulip wrote:

TraderJoe wrote:

MrMiyagi wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

If you want to buy the vix, watch UVXY, it is a 2x vix.

but vix up 7%, uvxy only up 3%?

see my reply above for why this is. the change in forward volatility along the curve is not the same as the actual expressed premium in spy today. This is a real and current example of why I dislike anything vol related as a trading vehicle for directional exposure

Triangle could in fact be more valid...?? If this is in fact a "B" wave there is usually one more try to the upside before a fall further...perhaps the price action towards close will give us clues....??

louie wrote:

RZRsharp wrote:

louie wrote:took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

just my 2c on TVIX, and zero criticism or comment on your trade, but one reason why I particularly avoid TVIX / VXX as trading vehicles is that they measure the relationship between changes in premium for volatility looking several months out, and that is way different and oftentimes a poor proxy for actual market downside occurring now.

The VIX itself is a computed number, not a trading value and represents the premium in SPY options. The VIX is a reading not a tradable security with flow. My view is that VIX itself is hard enough to game (fear premium over price action that has actual supply) and that looking at derivatives of something that is already hard to "trade" (those being the TVIX and VXX) is tough.

Sorry if that was pedantic, I just kind of go into automatic speech mode when I hear anything about the TVIX/VXX. The other posters above me alos make excellent points re TVIX

That was my whole point - I hate those trading vehicles. So the question is, why on earth did I do that? Pure stupidity!!!

Ahh, I gotcha. Makes sense. I couldn't quite tell your angle, bc hey, you made money on the trade.

I call that a high quality problem.

KENA wrote:See the blue line at 1308.Must break..Then dn thru the June lows.Mkt breaks that ,then the fun begins.Had a busy day today and yesterday.The stocktrading charts and Dorsey Wright all inproved very,very little.on yesterdays green day..The TA just does not belive the mkt.Out of my long 2 days ago with only 1 point,was looking for 4 but thats trading I guess.Who knows maybe GS may be right.

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KENA
When u say GS u mean 1285 ?
thx