@tester
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Seth Golden posted an update 6 years, 9 months ago
Premium Subscirbers: We have hit our target on SVXY today. Will update Trade Alerts at day’s end!
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Seth Golden replied to the topic Will We Retest Recent Lows on SPX in the forum S&P 500 Analysts Notes 6 years, 9 months ago
@tester I don’t know about parking but committing to larger LOB positions and holding them a bit longer, I’m looking at stubbornly persistence in backwardation.
@thoe99 the core position is where it should be and we’re in backwardation which defies intraday scalps unless one desires the elevated risk. I’m finding it more advantageous to do long…[Read more]
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Seth Golden posted an update 6 years, 9 months ago
Equity markets still not altogether stable, take a breather, pause, wait for more clarity. Still have budget deal to pass by Friday and a market that seems unsure of itself. Up 300 on Dow to up only 50, wild swings are characteristic of an uncertain market.
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Seth Golden posted an update 6 years, 9 months ago
It should be an ugly market open tomorrow. Equity futures bright red and VIX Futures bright green. But, there should be an easy scalp there to be had as some of the pressure on equities is relieved half hour or so into the open.-
Initial trading appears to be pretty low volume, and has caught support (well as of the moment), not making any determination of how Monday will go just yet! Expecting a volatile week overall though, targeting lower volume by the end of week though.
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Will be fun, looking to complete my core build for sure and
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David Moadel replied to the topic I'm Out in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 9 months ago
If there’s one thing the market doesn’t like, it’s the unknown. As this week passes, the unknown will become more known and I believe there will be some relief.
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Seth Golden posted an update 6 years, 9 months ago
Indexes sitting near the lows of the day w/10 year yield hovering around 2.72% and VIX near 15 and off its high of the day. Tilting between contango and backwardation still on m1/m2. Might get some equity buying coming, but not certain of how the close will look as we ended at lows of session yesterday. Maintain liquidity and be prepared to…[Read more]
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Staying nimble. thanks Seth.
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@edgeofreason, have to maintain level head, step back and look at the forest through the trees and size positions responsibly to give oneself a long timeline to reap profits.
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Thank you for keeping us posted….
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Seth Golden replied to the topic VIX futures and backwardation in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 10 months ago
Pschology: I generally align myself to focusing on VIX Futures as opposed to the indexes. VIX futures will tell us what the SPX options sentiment is through the VIX level. While we know that the SPX put/call ration is heavily skewed in favor of puts lately, what’s not mentioned is “what are the probabilities that these get put or taken off as the…[Read more]
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David Moadel replied to the topic VIX futures and backwardation in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 10 months ago
UVXY and VXX are just doing their own thing at the moment, completely ignoring spot VIX and the current price action of the S&P 500. It’s frustrating, but not much can be done about it…
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Seth Golden posted an update 6 years, 10 months ago
Covered the VXX $27.80 here at $27.40 for a nice scalp on the day. Core unaffected other than some drawdown on the day.
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Why are these moves not being posted in “trade alerts?” Following the forum in real time is unrealistic.
Also, why no add to the core on a rare move up 10%+ on UVXY/TVIX, what is the target to add more to the core?
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The post has been there over an hour and not a forum post but an activity post so it would be front and center on the site. . To post it to trade alerts for a scalp is not practical, unfortunately by the time a trade alert is written and sent the pricing is gone. Always welcome to privately message me for more personal alerts and thoughts on what…[Read more]
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Days like this must be tough on the core position…. but I imagine that your scalp trade will soften the blow. Besides, I’m sure any core short position will heal nicely in time….
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Weeks like this are tough when UVXY is up 15% while the spy is up 1.5% . Nasdaq 2% … gotta keep the long game in mind I guess =/
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Very unkind week and very anomalistic given the SPY surge as @red_penguin said. Short term pain for long-term gain, much agreed!
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Its so terrible to watch VXX this week… It looks like the year has so many headwinds for volatility trading ig this continues. If VXX rises when market as well rises, then we have the dangers of bond market…and already very hot market is lookimg for a breather and may increAse volatility. Hope i am all wrong…i almost felt like i was better…[Read more]
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As long as you’re positioned with strong liquidity Time is on your side. The complex has been far worse in the past and for similar stretches so it’s best to focus on the long term imo.
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Thank you for the quick reply and encouraging words:-)
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