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VXX is in no man's landThe two previous episodes where Bollinger constructed, we went up. This last time, down. Go figure. We are in no man's land, waiting, a little consolidating triangle so to speak. Its like fishing, with bait is in the water, right when the tide is about to change. The fish won't bite until that water moves again. Just feels like the calm before the storm. OIl is bouncing back and forth, Greece is settling for the moment, Yellen speaking tomorrow, and may well put a "dovish" tone on her spin, just to play her role well for the govt admin folks. All this while, though the US economic numbers are being spun to a positive, thanks to the on air troops, the rest of the world continues to contract without any, noticably I might add, moves by BOJ and China, while ECB is preoccupied with Greece. Its awefully quiet out there, all I hear is crickets. With all this silence, it won't take much of the right news to spike the VXX, IMO. Maybe its the US turn, government budget shut down anyone?
CBOE:VXXLong
by claydoctor
1
VXX update - Kissing Cousins?The previous dip (blue circle) looking a lot like this one. Bounced off support 2nd time the charm. Possible new TL. And one thing for sure, when Bollinger band tightens, we have a change, but what is that change? If VXX goes up, markets coming down. Use VXX as an indicator, or a play, either way it is meaningful. Does Greece really matter? Has oil really bottomed? Ukraine peace? Talk of earlier rate hikes by FED voters. One, all, or none of the above, or if these are already baked in, could be something new? I repeat, Bollinger tightening.
CBOE:VXX
by claydoctor
VXX and SPY moment of truthHitting support and resistance levels of VXX and SPY accordingly. Something's got to give or show itself here. False break out above huge resistance of S&P or support holds for VXX . Been waiting for this moment for a week now, after we broke below the bottom trend line for VXX. Had to come to this. What will decide it? World events, news, fundamentals, central banks, inflation, Oil, Ukraine, employment, dollar and currencies, etc, etc, and number of possibilities. With so many possibilities it is crazy that there is almost parity now in game changers, which should NOT be the case, as I am sure you all agree. The markets are just waiting for it, expecting it, boring without them, like all the media channels, no one watches unless there is something huge to report. Can we please just get back to fundamentals please.(that was not a question). The false break out for S&P and other equities is a real possibility, so I am not getting all giddy if we break and stay above these levels. Would have to wait a while before I believe in it. I like the VXX momentum signal here, above the other indicators. Bollinger tilting up, bot not the degree as in previous bounces off support. Cannot trust any right now. Has all the feel like just avoiding temptation and not buying ahead of earnings and waiting for the reaction and buying either way after the event.
CBOE:VXX
by claydoctor
VXX and SPY Time to decideThe SPY is working a symmetrical Triangle and it is coming closer to its apex, which will require a breakout. VXX is reflecting that SPY action in it, also. The gaps after the broken short term TL are evident. The DIFFERENCE IS yesterday could be the gap this time, happening where VXX does NOT break its TL this time, and bounces way higher (and if SPY breaks below 1966.6 watch out) , or just repeat. Today's VXX premarket dip may not last long. Time to decide, SPY up or down break out? This dip may be the perfect time to load up and go short or long VXX. Hearing talking heads 50/50 either way, reflecting chart consolidations everywhere. I've held my VXX long positions, adding to them, but what do I know.
CBOE:VXX
by claydoctor
VXX where there is smoke there is fireBollinger ready to spread, nice big green candles, MACD, RSI, and MFI looking good for this trend to continue, and opec cooperating nicely by staying pat on their production, sending oil even lower, and the markets are now correlated to that move, bringing SPY, IWM (but noted IWM did act weird yesterday with a mind of its own a little bit, watching that - I actually sold "some" TZA positions yesterday at their peak) finally down with its move, but for how long, where is the bottom in oil, wow the talk is all over the place, playing this trend for now. Really nice to know I wasn't nuts to have been preaching this would happen. Now my radar screen makes sense again, and my wallet is a bit thicker
CBOE:VXXLong
by claydoctor
5