Seems Credit Suisse suspended issuance of new TVIX shares yesterday (don't know what the affect of that will be). However I did notice a large divergence between VXX and TVIX today (TVIX seems up but VXX down).
See this website for additional details. http://vixandmore.blogspot.com/
another try on the upside. the more try the less likely the upside holds, so maybe this time is the charm.
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Buckethead wrote:i am legging into shorts via long SDS today. Leaving ammo for a final push up to 1372. If we don't reach that I will be 75% short by end of day
Do play a mean guitar?
What did you dream? Its alright we told you what to dream
ok, now the bias is on the downside. here's the possible target. not breakout yet, just let you know the consequences.
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DRL wrote:PAGING TVIX and VXX traders...............
Seems Credit Suisse suspended issuance of new TVIX shares yesterday (don't know what the affect of that will be). However I did notice a large divergence between VXX and TVIX today (TVIX seems up but VXX down).
See this website for additional details. http://vixandmore.blogspot.com/
THANK YOU DRL that is very valuable info
Suspending the issuance of new shares means that TVIX now trades like an old fashioned “Closed End Fund” with a fixed number of shares trading at a premium/discount to NAV net asset value. (Anyone know where to find its NAV intraday? Or the “IV” or “IIV”).
Day Traders might consider VXX as an alternative, when appropriate.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Difficult to assess if there is further upside and when, but I'm not shorting yet. Here two charts which show possible targets/resistance in the 70ies range.
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volume surge, biggest bar, so may see rebound here.
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Still short on intermediate term basis.
Declining McClellan Summation Index continues to support holding the position per this particular setup.
A little trapped at the moment but not bad.
consolidation like this would mean more on the downside. bulls must show some strength here.
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