i got back in AMD last week off the 50 DMA around 9.77, looks to have been a good support point, although i didnt like the relative weakness today.
Just wanted to carry this discussion over from last week' thread to this week's thread. You can find the original reply here. I never got the chance to chime in as I got very busy with other things...but now that I had some free time this evening I wanted to quickly continue this discussion in here. So, I was just wondering if anyone could help shed some more light on this EW theory. More so as to what @anotherdevilsadvocate was alluding to in his response to Max's vid which was simply -- what exactly signals that a 5th wave has concluded (especially on the LT time frame as Max was illustrating in his video)? It's been a long while since I've done EW counts myself, so someone help me refresh my memory here lol. I'm just curious to know what exactly determines that a 5th and final wave had ended. Not saying Max is wrong. In fact I thought his video was very constructive and interesting. And he did clearly state in his video that price could exceed his 5th wave target up to 2300 (which is about where we stopped short of today). But I just wanted to get a bit better clarification if you will about this particular Elliot wave count. And, at what point (if any) does the 5th wave get nullified. As I used to remember back in the old days, Elliot waves were highly subjective and got changed around quite a lot lol. Much appreciate the time and explanation if anyone has it. Oh, and great vid Max! Love these kinds of videos personally.
I don't know anything about Elliot Wave theory, but here is my own target. First on the Weekly Chart. Then we zoom in to the daily chart. And zoomed in further, here is the hourly chart. Which is just over 2300. Around 2302. So this is where I expect a pullback.
Dow crosses 20000 for first time Wed.driven by reflation trade.Lifts #Asianmarkets today $NIKKEI $HSI $KOSPI $DJIA
Yep. If we're talking about the actual VIX index, the all-time lowest intraday print ever in history was 8.89 which was reached on December 27th, 1993. And it's worth noting that was the only day in history that the VIX ever traded with an 8-handle. As for the 9-handle, believe it or not the VIX has only traded below 10 (on an intraday basis) 18 trading days in total. The all-time lowest "close" however was 9.31 on December 22nd, 1993. And there have only been 9 trading days in history when the VIX "closed" below 10. The following table shows the 10 days lowest VIX closing values:
What instrument do you use to go long on VIX? Options or ETFs? In the past, I have used TVIX, UVXY for intraday trading but these two are too volatile for me. I'm trying to figure out what is the right option if I want to hold on to my position for couple weeks.
Good morning traders! Happy Thursday. Here are your pre-market stock movers & news on this Thursday morning- 1/26 Thursday Market Movers & News: F, LUV, CAT, PHM, BIIB, NOC, SWK, WHR, T, QCOM, LVS, EBAY, MAT <-- Click there to open! Hope everyone has an awesome trading day in here today!
Yeah it's tough, I've never made money consistently. I've only done those and options on them (UVXY, e.g. covered calls or something). The thing about fear/volatility is it doesn't swing immediately from exuberance to fear. And that's what you need to make money on a UVXY. When the underlying in a 3x-leveraged ETF chops, you get chopped up. So the better way to do it is wait for a spike in VIX, then buy XIV for the mean-reversion.
Whelp, it is official the SPX has now gone 27 consecutive trading days without a 1% "intraday" move. This is the longest such streak in nearly 22 years.
Here are the most notable ERs due out after the market close today from the following companies (w/ charts & estimates): ($MSFT $GOOGL $INTC $SBUX $PYPL $VMW $JNPR $WYNN $ETFC $CAFD $KLAC $MXIM $MSCC $PFPT $SYNA $CLS $SWFT) Below are the tickers coming out with earnings releases after the market close today with the time of release & estimates- Thursday 1.26.17 After Market Close Earnings Releases:
ouch, i got stopped out of LABU earlier today and now it explodes to the upside, the market got one over on me, lol.
