Very nice charts. I'll be shorting a couple of these on
strength tomorrow but can't chase these down. With the media
now starting to get negative and the VIX now starting to get some
juice (starting is key word) and the overall picture looking so
ripe for a sustained bounce (it's certainly coming but could be 2
weeks out) it seems to me that most are expecting too much from the
Fed. In my opinion, the only thing that starts a sustainable
uptrend now is NO HIKE - If we get that then there's your trigger.
Hike plus a million doves however may be very short lived.
Remember the initial move (30 mins to 2 hrs) after Fed is
likely the opposite for the next day (or 2) anyway. Seems
like max pain would be to catch long chasers and pummel into year
end and get the VIx up to where it belongs.
Posted by McFly1985 on 18th of Dec 2018 at 09:54 am
Thanks, Matt! I might just sit out tomorrow entirely, since I
tend not to do well on Fed days. I might sit there with my finger
on the buy trigger in case of no rate hike though. That sounds like
a bit of fun.
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Very nice charts. I'll be
Here are a few short ideas. WARNING: I'm with Matt ...
Posted by deep on 18th of Dec 2018 at 12:46 am
Very nice charts. I'll be shorting a couple of these on strength tomorrow but can't chase these down. With the media now starting to get negative and the VIX now starting to get some juice (starting is key word) and the overall picture looking so ripe for a sustained bounce (it's certainly coming but could be 2 weeks out) it seems to me that most are expecting too much from the Fed. In my opinion, the only thing that starts a sustainable uptrend now is NO HIKE - If we get that then there's your trigger. Hike plus a million doves however may be very short lived. Remember the initial move (30 mins to 2 hrs) after Fed is likely the opposite for the next day (or 2) anyway. Seems like max pain would be to catch long chasers and pummel into year end and get the VIx up to where it belongs.
Thanks, Matt! I might just
Posted by McFly1985 on 18th of Dec 2018 at 09:54 am
Thanks, Matt! I might just sit out tomorrow entirely, since I tend not to do well on Fed days. I might sit there with my finger on the buy trigger in case of no rate hike though. That sounds like a bit of fun.