|
Post by huh? on Nov 22, 2011 11:42:53 GMT -5
VIX might be consolidating at its 100dma and forming the upside move to test the neckline on the possible complex iH&S being formed since 10/10. Just a possibility to keep an eye out for. Might as easily fail. No disagreements here but to me it is a clear sign that the market is not functioning normally when the VIX is down more then the SPX..................does that mean we go up or down?.............Both............ I've said this before, but I believe much of the big $$ has gone to cash and/or already bought their EOY puts during that recent backwardation bargain. Without big $$ playing, might see a flat to slightly rising VIX (long only retailers will just sell, not buy puts) and lower volume for much of the remainder of the year. This is why I wouldn't use VIX, or especially VXX and TVIX (which are in contango now), as market movement indicators. JMHO
|
|
|
Post by ask2lern on Nov 22, 2011 11:44:32 GMT -5
DX HOD and GLD not selling off........................
|
|
|
Post by ask2lern on Nov 22, 2011 11:46:53 GMT -5
Fitzstock2004 blueHOshoe i would not do anything here though 23 minutes ago Favorite Retweet Reply I am with him...................
|
|
|
Post by ask2lern on Nov 22, 2011 11:50:26 GMT -5
Fitzstock2004 blueHOshoe broke yesterday's lows by 1 handle??? worth noting , the "1handle rule".....break previous low, only by 1 handle and reverse.....not mine 9 minutes ago Favorite Retweet Reply
|
|
|
Post by ask2lern on Nov 22, 2011 12:05:19 GMT -5
Massive buy program.............keep you hands in the car please.................
|
|
|
Post by ask2lern on Nov 22, 2011 12:11:13 GMT -5
Well the IMF news is probably why nothing has made sense today...............some lucky people knew IMO...............
|
|
mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
|
Post by mihai on Nov 22, 2011 12:34:44 GMT -5
I solemnly swear if/when 1220 hits I will drop my longs and switch to short, and kiss the ground.
|
|
|
Post by elle on Nov 22, 2011 12:35:37 GMT -5
vxx at n/l one of the multiple h&s it built last few days, so far none of them have played out - better level would be 46 for break of wedge
|
|
|
Post by ask2lern on Nov 22, 2011 12:37:54 GMT -5
ScottNations Scott Nations VIX down 2.4% despite S&P being lower as option traders get ready for Thanksgiving. 9 minutes ago Favorite Retweet Reply
|
|
|
Post by ask2lern on Nov 22, 2011 12:44:32 GMT -5
@vader FOMC minutes hit 2pm and investors are looking for color on two potential ’12 shifts in the Fed policy: 1) communication changes and/or 2) more asset purchases (a bunch of Fed officials lately, inc. Yellen and Dudley, have argued for an MBS QE3).
|
|
|
Post by elle on Nov 22, 2011 12:44:35 GMT -5
pooh, lunch slowdown, will somebody watch vxx for me? I go lunch, too
|
|
|
Post by elle on Nov 22, 2011 12:46:12 GMT -5
one more note, spy lo on last drop was b/t level
|
|
|
Post by ask2lern on Nov 22, 2011 12:54:36 GMT -5
pooh, lunch slowdown, will somebody watch vxx for me? I go lunch, too I will if I can plug my nose.................. ;D
|
|
|
Post by ask2lern on Nov 22, 2011 13:07:50 GMT -5
Mark4124NH Mark Mansfield @fitzstock2004 If $XLE turns higher... get the f*ck out of the bulls way... 8 minutes ago Favorite Retweet Reply
|
|
|
Post by ask2lern on Nov 22, 2011 13:41:06 GMT -5
mels_info mel@melsinfo.com Bulls have 136 extreme ticks and bears have 55 extreme ticks. $SPX Net Advancing is 46. Range is 15.16. We are at 93.1% of Range. 6 minutes ago Favorite Retweet Reply
|
|
|
Post by ask2lern on Nov 22, 2011 13:43:36 GMT -5
bespokeinvest Bespoke A look at market breadth: tinyurl.com/ctxlqnh $$ $SPY $QQQ 9 minutes ago Favorite Retweet Reply
|
|
|
Post by crumbdon on Nov 22, 2011 14:01:48 GMT -5
BAC, GS making sure these little runups don't go anywhere. Keep trading the swings in FAS trying to improve my position, but getting tired of it. Should spend my time instead kicking myself in the _ _ _ for buying it.
|
|
|
Post by elle on Nov 22, 2011 14:26:55 GMT -5
vxx b/t h&s break, 47.00, buy after 3:00
|
|
|
Post by huh? on Nov 22, 2011 14:35:40 GMT -5
Over the last 2 days, I'm seeing a H&S that formed a iH&S that formed into another H&S...
Even though it's a holiday week, the breakout, either way, should be a big one. Just wondering if it will happen yet this week. (sovereign yields and CDS' are saying breakout to the downside IMO)
|
|
|
Post by elle on Nov 22, 2011 14:36:00 GMT -5
BAC, GS making sure these little runups don't go anywhere. Keep trading the swings in FAS trying to improve my position, but getting tired of it. Should spend my time instead kicking myself in the _ _ _ for buying it. $$ flos into FAS, but also VXX, so that should tell you something
|
|
|
Post by maxi on Nov 22, 2011 14:37:39 GMT -5
BAC, GS making sure these little runups don't go anywhere. Keep trading the swings in FAS trying to improve my position, but getting tired of it. Should spend my time instead kicking myself in the _ _ _ for buying it. $$ flos into FAS, but also VXX, so that should tell you something Where do u check the dollar flow info Elle?
|
|
|
Post by elle on Nov 22, 2011 14:40:15 GMT -5
|
|
|
Post by elle on Nov 22, 2011 14:41:43 GMT -5
just be careful with it, it can change WAY in advance of an actual move, it is good for maybe the 4th/5th item to support taking ppsn - not too great
but.......if a ton of shorts or longs end up on the same side, then it's more useful
|
|
|
Post by maxi on Nov 22, 2011 14:44:11 GMT -5
just be careful with it, it can change WAY in advance of an actual move, it is good for maybe the 4th/5th item to support taking ppsn - not too great but.......if a ton of shorts or longs end up on the same side, then it's more useful Ah yes. I used to try to use that. But it changes throughout the day as u said. I guess eod numbers are somewhat useful...
|
|
|
Post by elle on Nov 22, 2011 14:45:04 GMT -5
yah, I usually check it at eod and have 8-10 stocks I look for, that is what I report eod
|
|
|
Post by jack on Nov 22, 2011 15:02:22 GMT -5
Pardon me for interrupting...from today's "Non Sequitor"....one of those guys' heads on the cavewall might be mine! lol!!!
|
|
|
Post by herceg1967 on Nov 22, 2011 15:10:45 GMT -5
Pardon me for interrupting...from today's "Non Sequitor"....one of those guys' heads on the cavewall might be mine! lol!!! Exalt headed your way.................but curious as to when you took my pic..............
|
|
|
Post by elle on Nov 22, 2011 15:29:15 GMT -5
I think T4D had the right call, just too much nonsense. market could sort it out if fed, gov't, wh, europe weren't running around like chickens with their heads cut off.
|
|
|
Post by elle on Nov 22, 2011 15:31:36 GMT -5
we could go somewhere if jpm, gs would stop being such party poopers
|
|
|
Post by natsalilfly on Nov 22, 2011 15:33:36 GMT -5
we could go somewhere if jpm, gs would stop being such party poopers Don't forget BAC, the super-dooper-party-pooper
|
|