StockFetcher Forums · General Discussion · VIX and SPX Charts<< 1 ... 3 4 5 6 7 ... 14 >>Post Follow-up
trendscanner
265 posts
msg #83365
Ignore trendscanner
11/23/2009 9:55:22 AM

full stochasticand MACD/PPO on SPX and Dow daily charts still look like they're rolling over to me. Weekly rsi(2) is now heading lower too. I'm adding some more SDS this morning at about 35.70.

Kevin_in_GA
4,536 posts
msg #83369
Ignore Kevin_in_GA
modified
11/23/2009 10:26:34 AM

Market is on happy pills this morning - probably a good time to play for a reversal by the end of the day. Not my style of trading right now.

I plan to remain disciplined in my strategy - trade off of the VIX closing below the lower BB, look for confirmation on the stochastics.

My weekly price-based filter says this market is still in BUY mode. As of Friday, the daily price filter had been in SELL mode for two days. That would argue that one should be buying the dip, and selling into strength later.

BarTune1
403 posts
msg #83383
Ignore BarTune1
11/23/2009 3:53:26 PM

i just shorted some more BKS for good measure .... that and CAH is all I'm short .... heading to the airport so I put in orders to close at the 5 dma good till next week ....

Kevin, if the market continues up there will be a better opportunity to short at the end of the week in my opinion ....

trendscanner
265 posts
msg #83386
Ignore trendscanner
modified
11/23/2009 8:25:41 PM

Best thing for my positions right now would be a drop in the MA of the p/c ratio.

Kevin_in_GA
4,536 posts
msg #83494
Ignore Kevin_in_GA
11/25/2009 3:48:56 PM

Looks like a "hollow red candle" day for the VIX. Since 1990, there have only been 89 such occurrances - on average the next day has been DOWN -0.10%.

Looks like we are stalling here at around SPX 1100-1110.

duke56468
683 posts
msg #83509
Ignore duke56468
11/25/2009 10:09:25 PM

Kevin it didn't turn out to be a red candle, or am I looking at the wrong thing?

Kevin_in_GA
4,536 posts
msg #83512
Ignore Kevin_in_GA
11/25/2009 10:45:11 PM

No, you're right - I posted at 3:48 PM, and by 4 PM it had turned white.

BarTune1
403 posts
msg #83522
Ignore BarTune1
11/26/2009 9:35:34 PM

well i was lucky enough to cover most of my BKS position the other day when it dropped a couple dollars, looks like i will get a good crack at covering the rest plus my CAH tomorrow ....

Kevin, looking at the charts we came damn close to getting a signal the last few days, hope you took a short position of some sort

Kevin_in_GA
4,536 posts
msg #83526
Ignore Kevin_in_GA
11/27/2009 9:18:57 AM

I should have, but didn't. Been off on vacation, so I decided not to trade for this week.

Today will be an UGLY day for longs, but I am very tempted to get in on some longer term commodity plays such as MOO, DBA, SLV and GDX. Probably missed my chance at the 2x/3x bears for the week.

Silver off 5% in premarket - that's not going to happen again any time soon.

Kevin_in_GA
4,536 posts
msg #83528
Ignore Kevin_in_GA
11/27/2009 10:32:17 AM

Picked up some GDX, MOO, DBA, UGL, and AGQ shortly after the market opened. Had limit orders in, but it became apparent that they would not get filled at the prices I had set, so I converted them to market orders. Already up about 1%.

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