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ST Buy, IT buy, top almost completed


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#1 dTraderB

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Posted 28 August 2018 - 09:44 PM

One more session of VIX/VXX divergence with SPX could trigger my VIX/VXX buy (SPX sell). 

Until then, ST LONG & IT LONG are still in effect

ST LONG EXIT STOP @ 2891

IT LONG EXIT STOP @ 2882

 

I have placed an ES sell limit order @ 2910.50 

 



#2 dTraderB

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Posted 28 August 2018 - 09:46 PM

Some seem to have caught on to the VIX divergence (but so far not the VXX divergence also)

 

https://www.marketwa...28?siteid=nwhpm



#3 dTraderB

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Posted 29 August 2018 - 07:08 AM

If the best trade is buying weakness and selling strength, no matter how safe 2,900 feels, this is definitely the wrong time to be buying. Resist the temptation to chase these prices higher because recent gains made this a far riskier place to be adding new money. The risk/reward shifted away from us because a big chunk of the upside has already been realized while the risks of a normal and healthy dip increase with every point higher. In fact, if the best trade is buying weakness and selling strength, this is actually a darn good time to start thinking about locking-in profits. Remember, we only make money when we sell our winners and it is impossible to buy the next dip if we don’t have cash.

While I am cautious with my short-term swing-trades, this market is acting well and there is no reason to abandon our favorite medium- and long-term investments. We are still setting up for a strong rally into year-end and the only thing to do is patiently watch the profits pile up in our favorite long-term investments.

https://cracked.mark...nally-happened/



#4 NAV

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Posted 29 August 2018 - 08:44 AM

 

 

ST Buy, IT buy, top almost completed

 

I thought IT trades were multi-week or multi-month trades. You just got an IT buy 2 days back and you are already saying TOP almost completed. Can you explain ?


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

 

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#5 dTraderB

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Posted 29 August 2018 - 10:43 AM

My VIX/VXX divergence with SPX

 

Will post chart later

 

ST & IT buys are updated every day



#6 dTraderB

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Posted 29 August 2018 - 10:44 AM

Was in an ES day trade long from 2910.5 so did not take short trade. 

Closed ES long @ 2913.5



#7 dTraderB

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Posted 29 August 2018 - 01:31 PM

Good daytrades this morning but market seems to be in siesta mode this afternoon, looking to buy VXX in low 28 or 27 handle, today or tomorrow.

SPX daily close above 2907 is bullish.

 

TIM on the sidelines:

 

Yesterday the “Total Put/Call ratio” (CPC) closed at .74.  Bearish signs are triggered when the CPC hits its lower Bollinger band or closes below .75 (both happen here), the market is usually near a short term high.   The bottom window is the SPY, which hit its upper Bollinger Band and a resistance area.  Seasonality wise, September is the weakest month of the year and a pull back in that timeframe would be normal. There is an open gap (most open gaps get filled at some point) near the 282.5 SPY range and a downside target.  Don’t see a save trade yet and will remain on sidelines. 

 

https://stockcharts....st-29-2018.html