TVIX/VXX signaling a looming spike comingAMEX:VXX
NASDAQ:TVIX
I'll be buying the VXX for cost basis but both are signaling that markets are possibly going to tumble big in the very near future.
target for VXX is $42 and TVIX is 230
ATMP trade ideas
VXX SHOULD BE ON YOUR ALERT LIST WHEN MARKET DROPSMonday the market was volatile. The Nasdaq was up under 1.00 it hung between .36 -.89, this made me start looking at the VIX.. This morning I checked out VXX and it was up and down give or take .30. Around 1:00 pm est VXX started to shoot up as the market came down. I placed a VXX Call trade, only one contract, my regret, and at the end of the trading session I was up $146 plus just in the evening extended session it went up an additional $1.56 pr share. (each option contract = 100 shares). I just watched CNBC and the analyst all think this down market is just THE BEGINNING. I am not really sure, they are more negative than most. Just remember the VXX trade when the market is down. I will have more.
Be Careful Gold, Crude Oil, & Stocks Down in the ON Pls ReadDuring the last 20 minutes of yesterday's (Tuesday) trading session Stocks fell MSFT, AAPL, WMT. In the overnight and extended hours trading sessions it continued and now GOLD, OIL AND MAY FUTURES ARE DOWN. I BELIEVE MSFT AND AAPL MIGHT FALL SOME MORE THIS WEEK. REMEMBER IF THE MARKET GOES DOWN, LOOK AT VXX AND UVXY.
VXX (VIX SPY SPX) trending lowerSell below 37.51
Buy above 39.06
Current targets - $34 - 30 range
Exaggerated move for the next week or two- $19
Price extension dips $3-$7 below current price action.
Price action within current trend lines.
Ichimoku just dipped negative.
Loss of 1 Standard Deviation (-32.4%)
Strike Level: $25.6
Probability for in-the-money: 32.9%
VXX JUST A WARNING LOOK AT TOP OF TODAY'S RED CANDLETHE MARKET SEEMS VERY VOLATILE STILL, AS I HAVE STATED BEFORE VXX GOES UP NORMALLY WHEN THE MARKET IS DOWN. TAKE A LOOK AT WHERE THE TOP OF TODAY'S RED CANDLE IS SITTING, FOLLOW THE LINE TOWARD THE REST OF THE WEEK.
I think we may be in for a couple down days in the market this week. I am not all wishing it, I like everyone else would like to get back to normal trading, whatever that may be. The Nasdaq is holding on at .36% - .61% depending what minute you are looking at it. I just wanted to bring this to your attention.
VXX - 5/15, 50 strike CALLS - bullish engulfing candle signalAfter an indecision doji candle on April 6, there was a bullish engulfing candle. Technically speaking, this is a strong pattern that only signals a buy if the high of the candle is surpassed the following day (sometimes it takes two days). Today's high of 43.72 went over yesterday's high of 43.66.
If you are learning, the same is true for bearish engulfing candles. you can buy puts earlier based on other indicators, but the signal comes when the low of a bearish engulfing candle is broken.
VXX wait for this great Short OppurtunityVXX, Not crazy about these trading instruments, but over time they always decline cause of Admin. costs etc, and when or if the Nasty virus begins to dissipate this will be the Best short you may ever get a chance to play, Just be patient...Charts do not work in this Environment, Too much fake money being pumped into the markets, debt issues will make their way into the news feed, while we all Self Lock Down.... Wait for S&P wave 5 down confirmation.
Trade Idea: Long VXX @ 53.00Throughout this short term reaction bounce yesterday and today, volatility indexes have stayed relatively strong. VXX had a deep gap down on Tuesday but started to trend higher with the market indexes. Today VXX closed green with market indexes. As the short term trend on the market indexes seems to be terminated, I believe as markets start to retest lows, we could see VXX retest highs in the near future.
Long @ 53.01
Stop loss @ 47.25
Target @ 70-75 but start scaling out at 60
