Stock Market Today: May 22nd - 26th

Discussion in 'Stock Market Today' started by Stockaholic, May 19, 2017.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Pretty impressive that the market is making new ATH when oil is down almost 4% :eek:
     
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I would be really interested if it goes to 9s again ;)
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    [​IMG]

    Small caps underperforming today :eek:
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Almost there :D
     
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I bought UVXY last time (2 weeks ago) and lost 10% in value before finishing +20%.
    I only bought VIX calls once and got lucky and made money on that. But I learned that it's Euro style option so not interested because it seems like you have to get the timing right on 2 or 3 times (buying, expiration, selling) in one play.

    I'm just not sure about playing volatility, except on the pullback after a spike.
     
  6. Stockaholic

    Stockaholic Content Manager

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    looks like they both have a shot at crossing it at the same time :eek:
     
  7. Stockaholic

    Stockaholic Content Manager

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    nasdaq strong like bull

    really like seeing the transports leading too

    oil not a big worry yet i guess :p
     
  8. Stockaholic

    Stockaholic Content Manager

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    ^^ this ... gotta admit but the mid 9s is kind of tempting :p
     
  9. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    man this rally is so wierd, so many stocks i follow are down or really weak, what has the indexes roaring so strong the past week? just big cap tech and utilities?
     
  10. Stockaholic

    Stockaholic Content Manager

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  11. Stockaholic

    Stockaholic Content Manager

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  12. Stockaholic

    Stockaholic Content Manager

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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yes mid 9s is my target to get in, not too far off now :D
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I guess not much gonna happen ahead of the long weekend. 2 more sessions next week before we are heading to June. Seems like "Sell in May and go away" not working this year :p
     
  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I do find it hard to play VIX spikes vs after VIX spikes - @stock1234 did you get in on the VIX?
     
  16. Wolfy

    Wolfy Active Member

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    What if May high is the high of the year?

    Two months left for Trump push his agenda. The market has priced in as if everything Trump said is put in place. If nothing is done within these two months, the market need to be adjusted accordingly.
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nope not low enough for me just yet ;)
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    True, just saying May is usually not that good of a month for equities but volatility has been very low this May ;)
     
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I don't play the VIX too often to be honest, but historically the VIX rarely stay this low and that's why I am starting to get interested at this level. I would probably start a position at mid 9s or even better low 9s. If you are long heavily on equities already then probably not a bad time to long some VIX here, good luck :)
     
  20. Stockaholic

    Stockaholic Content Manager

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    the spx full range today is 0.186% as of right now ... that is the smallest daily range for the spx since march 29th, 1996

    still have another hour to see if that will hold :p
     

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