TAX BILL = TRIN↑ + VIX↓ ?? "sell the crap!"

Discussion in 'Trading' started by tommcginnis, Nov 2, 2017.

  1. tommcginnis

    tommcginnis

    Big selling ratio at the same time as vol decrease??

    Yep: "sell the crap!"
     
  2. not much of a sell off...
     
  3. tommcginnis

    tommcginnis

    Ain't that the truth!
    Had me shaking in my boots, though, at 10:30am -- I'm heavy on the bottom, and spent some good change (read, "a lot of mullah") to push things down (which you can do so much easier on the put-side) *and* to open some new stuff {"Damn!"} a week out.

    VXST1102nn.png

    You can see above, with the release of the Tax Bill details, vol plummets >10%.
    "Whaaaaaaat?"
    And then, Yo! Let's lookie at the TRINnie-Trin-Trin:

    TRIN1102nn.png

    And at 10:30, it's up, and more importantly, it's SMA(6) is cruizing up, too.
    "Woof! Sell!"

    So, I put 1+1 together, and *jumped* to a conclusion -- it sounded like a fine tax bill to me, but Sheeesh! "Somebody be a'sellin'!"
    So, if the tax bill made stupid investments "more stupid" -- then "Hey! Fine time to sell!"

    Anyway, that was my thinking.
    It's cost me a bit, but I pushed "up" on the last pops, and pushed down on these drops, so I'm sitting a lot easier right now.

    Not sure -- were I a market 'owner' at all -- what I'd be buying right now.
    Probably basics, infrastructure, consumer durables, and the DOW.
    What would I short?!? Well, certainly H&R BLOCK, etc. (But this is all without any look at a 1hr or 1day graph, too. I think I'll go study the S&P500 sectors for the afternoon.)
     
  4. Overnight

    Overnight

    Haaha, I see what you did there.

     
    sperrum and CALLumbus like this.
  5. tommcginnis

    tommcginnis

    Hey.
    I'm *thinner* than that guy.
    And I *don't* wear a tie.
    :wtf:

    :confused:

    :banghead:

    :rolleyes:

    :D

    ...
     
  6. tommcginnis

    tommcginnis

    I'm gonna end up watching that a dozen more times.......
     
    Overnight likes this.