02/27/2013 Live Update

[wayne0708]

does this up leg have more legs, Cobra?
I am thinking of closing some of my (small) long position from yesterday. Since I believe this up is counter trend of prev leg down, taking profit isnt so bad, right?

[joegamma]

paging E wavers: does this look like 5 wave from THE highs earlier this month?
from elliot perspective should we be looking to sell here?
cannot believe the rally in Tran!....covered short puts too early this am....

Here is hourly spy-vix, top of BB.....
thanks, Joe

[TraderGirl]

GM, Thanks to /NG good breakfast, and now evil both /ES and /TF

Thanks BB...

seeing some consolidation here in TNX...looks like move down coming...move up for TLT/TMF...

we are got same thing in mind, I didn't see your post while I posted about TLT. yes, yes, yes!

[Al_Dente]

higher hi spy
lower hi aapl

[StudentBill]

Agreed Always interesting to see how very different approaches can lead to the same results.

My projection for XIV before we start to turn back down.

scCAPSN3Y4.png

GL2U
Disclaimer: Long XIV @ 20.17. Only short term play. Last and only post for today.

Yes indeed, I just hope the whole market's not on this side of the boat.

[Al_Dente]

INTRADAY ONLY
Neg diverg
Plus HUGE RED sell volume stick on 1min
Pullback near here??

[Royal Flush]

My projection for XIV before we start to turn back down.

The attachment scCAPSN3Y4.png is no longer available

GL2U
Disclaimer: Long XIV @ 20.17. Only short term play. Last and only post for today.

I feel a bit more confident then. I hedged my XIV long last night and sold the VXX in the morning. According to someone who's name I forget who did a study the VXX / VIX ratio to go long XIV is 1.11. I found that the 100ma cross on the 15min works well too visually.

Hi StudentBill,
The VXX / VIX ratio of 1.11 to go long XIV does not make sense as that target was narrowly missed on the 25th and has not been close as it has been in a downtrend for the last 3 years.

[KeiZai]

GM, Thanks to /NG good breakfast, and now evil both /ES and /TF

Good afternoon sir can I join you?

in 3..2..1...GO!

[joegamma]

looking for divergence on russeliwm, not there yet, still long a few calls, nervously...

These lines worke well to BTFD if I would have followed them all this year, instead I kept reading zh, looking at data and paying up for puts....


here is 2hrl vol candle iwm

[Cobra]

no touch on EMA20 blue line for more than 2 hours, this is a trend day and so far bullish biased, bears don't fight here.

[BullBear52x]

GM, Thanks to /NG good breakfast, and now evil both /ES and /TF

Good afternoon sir can I join you?

in 3..2..1...GO!

IWM.png

lots of empty seats, welcome to south bound express

[flrtrader]

INTRADAY ONLY
Neg diverg
Plus HUGE RED sell volume stick on 1min
Pullback near here??

Pullback from 1510.70 IMO

[joegamma]

GM, Thanks to /NG good breakfast, and now evil both /ES and /TF

Good afternoon sir can I join you?

in 3..2..1...GO!

IWM.png

Are looking to buy breakout (hook on stochastics?)

[Out of Bounds]

no touch on EMA20 blue line for more than 2 hours, this is a trend day and so far bullish biased, bears don't fight here.

I'm a lover, not a fighter.

[skittlesmds]

No more down legs. Just up up up and away.

[StudentBill]

My projection for XIV before we start to turn back down.

scCAPSN3Y4.png

GL2U
Disclaimer: Long XIV @ 20.17. Only short term play. Last and only post for today.

I feel a bit more confident then. I hedged my XIV long last night and sold the VXX in the morning. According to someone who's name I forget who did a study the VXX / VIX ratio to go long XIV is 1.11. I found that the 100ma cross on the 15min works well too visually.

Hi StudentBill,
The VXX / VIX ratio of 1.11 to go long XIV does not make sense as that target was narrowly missed on the 25th and has not been close as it has been in a downtrend for the last 3 years.

sc.png

Sorry, it's VXV/VIX. Typo, your chart will be much different now I assure you. My notes show that the guy used a VIX/VXX ratio of .9 originally and then changed it to .917 after some backtesting. I just inverse it to VXV/VIX because it makes my chart easier to read and that change would make the number 1.09. It's a small but I'm sure important change.

[BullBear52x]

don't fight here? this move up is just a reaction to 5/20 ma bearish cross, and we are at the resistance, this is the rip zone.

[KeiZai]

GM, Thanks to /NG good breakfast, and now evil both /ES and /TF

Good afternoon sir can I join you?

in 3..2..1...GO!

IWM.png

lots of empty seats, welcome to south bound express

Haha thanks now looks like 5th ended, looking for at least 50 back

[KeiZai]

GM, Thanks to /NG good breakfast, and now evil both /ES and /TF

Good afternoon sir can I join you?

in 3..2..1...GO!

IWM.png

Are looking to buy breakout (hook on stochastics?)

Hi Joe hehe no I am a fighter (closed scalp and reversed)

[Al_Dente]

INTRADAY ONLY
Neg diverg
Plus HUGE RED sell volume stick on 1min
Pullback near here??

Pullback from 1510.70 IMO

Hmmm do u mean pullback TO 151.07 ?
momentum is getting weaker
does SPY care ?
nyadv > 2200 still macho bull
thx