1016
they just raised the ask on uvxy and released some selling pressure, MM not Investment Banks, last 628
1011
6.33 UVXY temp has a LOT of MM wanting to sell there, so uvxy not going anywhere fast unless they sell it all, or unless they raise the ask prices...but still see 724/749/840 targets later
UVXY needs over 637 to move as result of the MM wanting to sell some 633-636 area
1010
if i were long i'd be nervous about such a low VIX....it's like being "under-insured" on your house car stocks etc
1008
on daily chart looking back to April, will SPX drop to 1535--1550 then bounce to 1600 and form a daily bearish Head and Shoulders pattern? just something to watch, these patterns are not always reliable anyways, not trading that, still have same prev posted spx targets,
1002
close to testing yest lows now on SPY spx and looks breakable lower after poss stall...but enough momentum down to break first try
942
UVXY sell level Inv Bank for today is 7.28, so lowereing my order to sell 1/3 of shares in uvxy at 7.24 from 7.49. If not filled today, will raise the order higher again. will hold the other 2/3 but will take 7.24 today if it comes to lock some profits on 1/3
order on next 1/3 is set at 8.40, with no order in for the final 1/3
but not in any rush to sell the uvxy...plenty of time on this swing, and a lot of upside potential. the uvxy tho leveraged has not really been decaying... and decay price is further improved using the anit-decay strategy posted several times before
Trades can be viewed at the links below.
http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings
For details on the portfolio see this posting:
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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