I tried to hold out for $90 on the last run just days ago and it didn't happen...those shares I bought at $80.50 and sold them at $85 on Wednesday ...came close to 90 but fell straight down. After I sold at $85 I held out until this morning...bought at 79.50..however selling my shares around $85-87 hopefully tomorrow ...if they jump to 90 ill just wait for the sell off and buy them back ...while that's taking place ill trade TVIX under $2.50 and SOXS under $13.35.
Yeah, im on the same page as you, im going to get rid of half of my shares at the 86 level and then just trail a stop on it in this market, if we go up tons tomorrow, i might just take it all off, not sure i want to hold a big position on an overbought leveraged bull instrument in this market over the weekend. Btw, another good one to buy on the dips is this leveraged biotech ETF BIB, i got in today at 137, looks like it will hit 146 tomorrow, all you have to do is buy it every time it hits the trend line, or looks like its coming close to it, then sell when it hits the top trend line, and it just goes in a nice 20 dollar channel.
The market seems to be teetering, but the move on APPL may just be enough to lift QQQ out of the channel.
VIX is in the process of settling down, and it's also on the down leg. Feb is a new month [all bad news has been priced in] only if it holds it seems RUTH index wants to start the new leg-up [it's been consolidating at this level for a year]. probably, biotech sector
LOL, such a true statement in this market, you can flip from ultra bullish to ultra bearish in the course of 24 hours, after yesterday i thought we were back in bull mode, then we gap down and sell off, like WTF?! Getting ready to put a bullet in my head pretty soon if this market doesnt pick a direction. Im pretty sure we are going to rally into the close now, but who knows.
And just like that we are back into bull mode, market is getting ready to castrate some bears this afternoon lol.
All a guessing game.... Oil looking strong so that could lift the market... But right now its looking downnn
And downnnnn it goes.....waiting for the 200 DMA to come around 1972 after it breaks 1988-1992 ...s&p going to most likely break that next week....then October lows and a vix spike to 30+....possibly 40+....extreme volatility is coming.
Yeah i stopped mysef out for a small profit on SPXL, sure wish i would have taken 83, both times when it gave it to me, damn, this market is retarded.
Im still in...was about to take profit when it started to turn above $82 but sold off JNUG & NUGT instead....well spxl fell and the other two rallied hardcore. Still have TVIX but sold off a ton of it around $3.05....now that's a big miss on huge profits...oh well..always next week.