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08/28/2015 Live Update

jademann
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Re: 08/28/2015 Live Update

Post by jademann »

I have never seen VXX move anywhere near this much without SPY moving..
My comments were dictated to me by homie the clown
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Cobra
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Re: 08/28/2015 Live Update

Post by Cobra »


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uempel
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Re: 08/28/2015 Live Update

Post by uempel »

This is a historical from 2008. Note the significance of MA 377. At the moment - August 2015 - SPX is trying to break through EMA 377 (slightly below MA 377)
2008.png
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Cobra
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Re: 08/28/2015 Live Update

Post by Cobra »

well, guess that's it for today. Monday has been mixed. thank you guys, I'll see you in another thread.

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MrMiyagi
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Post by MrMiyagi »

Yellen woke up?
fehro
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Re: 08/28/2015 Live Update

Post by fehro »

oh.. down to the wire today... and hammer it is SPX weekly
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JTrader
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Re: 08/28/2015 Live Update

Post by JTrader »

jademann wrote:I have never seen VXX move anywhere near this much without SPY moving..

Amen to that. I've been messing with TVIX the past few days anticipating a pullback in the market. Well I never got the pullback (yet) but sure did make some money! Insanely lucky. I'll be buying it again early next week, because SPX should be much lower by Thursday-Friday. If SPX pulls back 50 pts, TVIX could easily go to 20 at this rate!!! :o


Backwardation in the vix futures market is to blame (thank!). Usually VXX/TVIX/UVXY suffer from contango in normal markets so they bleed every day. Finally, they are benefiting for a change.

www.vixcentral.com For those that aren't familar, see how the chart slopes down with time? Usually it's the opposite. Keep playing volatility until we go back to a contango situation. Blessings!
noob
Posts: 532
Joined: Mon Oct 17, 2011 2:54 pm

Re: 08/28/2015 Live Update

Post by noob »

fehro wrote:oh.. down to the wire today... and hammer it is SPX weekly
Hanging man on the daily, oh man, choices... Maybe down on Monday for a retest then up again?
jademann
Posts: 1032
Joined: Wed Aug 22, 2012 10:49 am

Re: 08/28/2015 Live Update

Post by jademann »

JTrader wrote:
jademann wrote:I have never seen VXX move anywhere near this much without SPY moving..

Amen to that. I've been messing with TVIX the past few days anticipating a pullback in the market. Well I never got the pullback (yet) but sure did make some money! Insanely lucky. I'll be buying it again early next week, because SPX should be much lower by Thursday-Friday. If SPX pulls back 50 pts, TVIX could easily go to 20 at this rate!!! :o


Backwardation in the vix futures market is to blame (thank!). Usually VXX/TVIX/UVXY suffer from contango in normal markets so they bleed every day. Finally, they are benefiting for a change.

http://www.vixcentral.com For those that aren't familar, see how the chart slopes down with time? Usually it's the opposite. Keep playing volatility until we go back to a contango situation. Blessings!

Sold my last UVXY at $67.7 today thankfully.
Backwardation favoring UVXY going up is weakening.
http://stockcharts.com/h-sc/ui?s=%24VIX ... 4565951476
My comments were dictated to me by homie the clown
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