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VIX up 6%, S&P up 10 points


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#1 dTraderB

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Posted 12 March 2018 - 09:27 AM

As if daytrading and medium-term trading S&P, trading QQQ options, and looking for a short trade in EUR/USD, is not enough,  here come this weird VIX thing: UP by 6% while the S&P is UP by 10 points! 

 

Anyone trading EUR/USD?

 

Short CRUDE looks like another good trade. 


Edited by dTraderB, 12 March 2018 - 09:27 AM.


#2 redfoliage2

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Posted 12 March 2018 - 09:41 AM

As if daytrading and medium-term trading S&P, trading QQQ options, and looking for a short trade in EUR/USD, is not enough,  here come this weird VIX thing: UP by 6% while the S&P is UP by 10 points! 

 

Anyone trading EUR/USD?

 

Short CRUDE looks like another good trade. 

That's means the market is climbing the wall of worry  .................



#3 CLK

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Posted 12 March 2018 - 09:43 AM

Typical move for a day like this would be down to 2770 min.



#4 NAV

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Posted 12 March 2018 - 10:00 AM

Typical move for a day like this would be down to 2770 min.

 SPX 2778-80 is solid support for today. I doubt it will break that.


Edited by NAV, 12 March 2018 - 10:01 AM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#5 CLK

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Posted 12 March 2018 - 10:57 AM

 

Typical move for a day like this would be down to 2770 min.

 SPX 2778-80 is solid support for today. I doubt it will break that.

 

 

 

So ES came back and filled the overnight gap, I wonder if they care as much about the gap at 2741 ?



#6 tommyt

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Posted 12 March 2018 - 11:24 AM

"VIX thing: UP by 6% while the S&P is UP by 10 points!"

 

no mystery if you follow it. Market makers take 3 days out of their models on Friday's and the VIX usually sags too much if an up day...then the VIX gets back some/all of this Friday drop as players get back to work and realize the premium isnt worthless yet.



#7 kaiser soze

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Posted 12 March 2018 - 12:14 PM

The Dow stocks are extremely liquid and their share prices uniformly have strong corporate BUYBACK support.  These blue chip stocks are weak day after day, some days WMT, PG lag other times BA, CAT, UTX are sold and yet other times MCD, NKE, HD while the high P/E, speculative NDX stocks such as WDAY, NOW, NFLX, VEEV, MU, etc. are being bid up day after day.

 

I can see the economic argument for buying the NDX stocks - turbo-charged earnings growth due to the booming economy- but still think its overdone.  On the other hand, the Dow Stocks are being distributed to the tune of billions of dollars under the cover of the rising QQQs.



#8 K Wave

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Posted 12 March 2018 - 12:39 PM

NQ 3rd drive up here....may be getting close...



#9 K Wave

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Posted 12 March 2018 - 12:40 PM

Leader NFLX suffering today....

 

Now just waiting on AMZN....



#10 dTraderB

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Posted 12 March 2018 - 01:42 PM

I am exiting S&P short on the next upturn in the 5m charts and going long, looking for targets at 2802/04 and 2838/40

 

Support at 2773/75 and 2754/56

 

I am reluctantly going long but unless the market breaks the supports above, the IT outlook is UP and I am not going to fight it.

 

I still think we will see S&P below 2600 before we retest the all time highs and go above  2900