I think I am falling in luv with the wrong sexy VIXen >>>UVXY
...but I will make her come to me. I went into the weekend looking for a short term sell signal in UVXY but they sold it off first. It would still likely trade thru $10 now to generate that sell signal. Now trading at 9.40...ish. Since I would be looking to initiate/add to long positions in UVXY I may as well make a seperate blog now. Fat beitch Tessie has her own blog. Why shouldn't VIXen UVXY. In reality I am falling in love with a minor. Am I a pedo? :O Upvote this post only if you think I am. I would be the only one EVER who toldja they wuz.
This is truly a tuff call here as UVXY is now signaling sell right as it trades at $10. Yet the SPX (more volitile than the SPY) still isn't even close to the initial leg of a short term buy signal. I will act against my signal in UVXY for now as it still has some upside wiggle room.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=52&y=15&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Disclaimer for the 1% of the 'actual" 5% who take things "literraly" and will act on it simply becuase they are morons. The pedophile reference in my spew was becuz UVXY is trading below 10 (as in 10 years old).... as people who actually trade it trade like they ARE 10 year olds.
I am a bit spooked with my two last calls honestly, FB and AAPL. Mondays price action almost caused me to close the positions. I did upvote your post but not because I think you are falling in love with a minor. ; )
So what's it gonna be then, Greg...maalox....or pepto for tomorrow? :-) I'd go with pepto just on taste alone but if it was me the entire bottle wud be gone by like 11 AM. I wonder if pepto freezes? If it does I'd make some little frozen popsicles out of it and then I'd do a live video of me trading whilst sucking on a pepto pop. See...that's teh kind of ideas you get here at my place, Greg. Things to make your trading experience more enjoyable. I'm sooprised you haven't "locked" me into your sub list. Follow my spews and you won't need antacids...just plenty of clean underwear. :O
Did you see the fireworks going off in teh futures markets? Ainn even dark out yet and either somebody is shitting their pants or the guys handling tehse trading compooters are history tomorrow when "the big boys" are back on teh scene tomorrow.
http://www.zerohedge.com/news/2017-07-03/nasdaq-triggers-market-wide-circuit-breaker-amzn-crashes-87-after-hours
I guess set a buy limit on AMZN at 199.99? :-) These prices will recover just like ethereum did.
ZoNGA would obviously be a good short if it opens like that. Short ZNGA at $125 on the open...take the rest of your life off. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=znga&x=55&y=10&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
7/7/17 update: UVXY not even close to a buy signal and would likely have to drop all teh way back to 9.50 or so to even come close to a buy signal. Now trading at 10.30. Again, my target when I started being cautious on UVXY above $10 was a new low for the 10 day chart. That is still my outlook and my "ultimate" low would be betwixt 8.50 and 8.55. But if UVXY sees at least 9.50 from here...my long trade in teh Q's at least doubles.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=54&y=21&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
UVXY now at 9.65, approaching the 9.50 target I "promised" would get nailt. The VIX volatility index is already signaling a short term buy. No changes to my open trade in teh VIX. I "might" exit the QQQ trade soon however but methinks any pullback will only be a shallow one.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=54&y=13&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11