claydoctor

VXX where there is smoke there is fire

Long
AMEX:VXX   BARCLAYS BANK PLC
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3
Bollinger 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

Comments

Do you think this would continue into next week? I think so. All three major indices were selling off into the close. Unless some wonderful news come around during the weekend, I think the market selloff will continue well into next week.
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claydoctor Will Wong
I have been studying this all weekend. I will post a couple charts soon. I have been on the fence, so watching open Monday and volume very very carefully.
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Will Wong claydoctor
I think we got the answer already! It was a really serious tug of war between the bears and the bulls yesterday and today. Could be the same tomorrow. Wonder what the FOMC will say to change the dynamics?
Reply
claydoctor Will Wong
watch FDX report tomorrow AM, fomc don't think will be a game changer, maybe just a blipp move up, as yellen tries a last ditch whatever to help.
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Yes!
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