There is a bit of a divergence showing between the actual VIX volatility index and the VIX exchange traded derivatives of it that I am tracking in order to trade the VIX >>> UVXY (long volatility) and SVXY (short volatility). UVXY generated a short term sell signal late yesterday and SVXY generated a buy signal. The VIX high set into the close remains an upside target if the VIX moves lower on teh open. Yesterday's SVXY low is also a target that will be breached. SVXY is trading up in premarket trading. The windup is that it would be a mistake to buy the SVXY rally.
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Sell signal triggerd on SVXY here at 163.35...ish. UVXY also signaling short term buy. I'd only play the VIX personally right now and it isn't close to a new buy signal yet. But I'll log in the UVXY price here at 9.55 for a potential run to and through 11.50. That'll make the numbas easy to recall. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=56&y=14&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%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
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SVXY is "probably" going to trade back up to $163+ one more time before yesterday's 159.06 low gets taken out. Now at 161.04. If it does a very good short term trade might materialize in either the Q's short or just the FB short I posted yesterday at the Greg Bananarino "truth in disclosure" blog. I would likely up that bet at least.."if" SVXY does trade thru 163.00 first.
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Imo there should be no new short entry (in general) into the Q's, SPY, etc unless SVXY trades back up to $163+ and if that even happens a bet long the VIX would likely be a big short term paycheck also. I don't see a trade in teh VIX coming until at least late afternoon. Nothing EVER gets started on a Th morning. It's kind of my "day off" from Mr Market each week. But make no mistake, be on the wrong side of this beitch and she will rock your world.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=vix&x=61&y=15&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%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
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6/22/17 Afternoon VIX update: SVXY did in fact trade thru 163.00. To trade the Q's here it would definitely be a gamble but the downside to at least 140.10ish is "assured" so a play towards next week's expiry would work. Let's check the premium for a target of 140 with the Q's now trading at 141.07 bid. The $140 puts are at .74 bid and that's at least "reasonable." So for fun let's log in 2 at teh current .74 market. We'll call it .75 for a $150 bet that the Q's see 140.00 by July 8th. Q's would actually have to see 139.25 to break even but if the drop happens quickly this trade should double. No proper buy signal came in so I'm not a playa on thisn. None of ye should be either. If you can't understand what I just told you then go follow Greg Bananarino...he at least thinks he knows what he's saying but he definitely knows what you are thinking. OK, 2 QQQ 7/8 expiry $140P at .75ea. Let's see what happens next.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=qqq&x=52&y=8&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%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
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after months of trying to short svxy you will eventually be right after being taken out numerous of times.
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Of teh SVXY shorts I posted "live" at ShitTheBed's place the actual stat is more like 7 straight SVXY shorts that generated gains. In fact, more thna 1/2 my $9K+ in banked gains was generated via SVXY shorts. I will only continue to "add to" that windfall. I'm getting ready to issue my actual "buy" on SLV here today and already spewed about "what is going to happen" before it even happened...and that's only becuz it still hasn't happened as of yet. But judging only by my "sensational!" record trading SVXY...is there ANY doubt in your mind that I will be right again? :-)
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6/23/17 Update. The VIX has now generated a buy signal but it's a tuff ticker to play as VIX contracts are settled on Weds...and that would basically give on 2 trading days on 4th of Julie week. And that's "if" the markets are even open on Mon July 3. There is some volume in teh July monthly expiry calls for 7/19 $11 strike at 1.40. So I'll pick up 2 "7-11's" at 1.40 market.
VIX currently at 10:15...do you know where your chitlins are?
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=vix&x=43&y=16&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%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
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I never did actually initiate a long position in either UVXY or VIX share values so I will initiate a 50 share buy here at 9.98 market in a "mythical" $1000 trading account.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=vix&x=43&y=19&time=3&startdate=1%2F4%2F1999&enddate=6%2F12%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
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This is the most recent spew of mine about the VIXens that hasn't been flagged as of yet so I will borrow it until it does get flagged. UVXY now putting in a signal that the lowest low on teh chart will soon get taken out. That's what happened in 90%+ of past cases when this particular patter showed up.
UVXY now at 9.06 and targeting 8.55...ish over the next few days. Luckily this will soon be flagged becuase this is a very tough call to make so I might not have to answer for myself latta on....if I am proven...incorrect. :-)
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you just been dropping one turd trade after another since you came here to steamshit....god awful calls never seen you flounder and fail so badly. What a train wreck.
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Not quite 100% on the one closed SLV long and only 40% on the other trade. You "probly" missed it because my posts are getting flagged by Greg Mannarino's tribe. :-) The QQQ short to 140 I posted and closed yesterday generated at least 100%, I think it was more like 300% tho but I couldn't research the entry as that spew was also flagged. The FB short to 150 was also a winner. I'm happy with my results. Of course I'm sure you are unhappy with your results. :-) Still holding GDX long, VIX long, and initiated a new short in SLV today, again >>> flagged. :-) It'll be a winner though. You "might" even see GDX rally as SLV drops. but SLV is a short term trade to July 7, whilst GDX is a hold until July 21st. Wish me "luck." ??? Oh, I updated Tessie's progress on her 80 lb weight loss in 30 days under my "intense" supervision today too...from 385 lbs. Uh huh, you guessed it >>> Flagged! :-)
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well if you are spewing and no one can see em what's the point? I did see your call for uvxy to drop to 8.55 today....absolutely destroyed on that turd call. still waiting to see that QQQ 135. 2 months now?
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