Tuesday, March 6, 2012

TVIX Rocket Launch? - BUY @ $16.85



I bought more shares of VelocityShares 2X VIX ETN (TVIX) at $16.85 in this morning's pre-market. The setup looked favorable when compared to the setup in the first week of last month - February.




My TSI Trading record has been updated.



6 comments:

  1. Way to go John, after read your blog, i'm bought some @ $ 16.50. I'm don't knows anythings about the chats, all i'm knows there's no good news around the world,at this time,
    Thanks
    Happy trading

    ReplyDelete
  2. Hi Norman - you always seem to be at the right place at the right time!
    How do you do that?

    TVIX is just now trying to break upside out of a consolidation pennant
    on the 5 min chart. It projects to something a little north of $18.00

    ReplyDelete
  3. I'm wondering why TVIX is headed up while VXX is headed down. 15% difference in a few days. One article says it's blunt buying of TVIX at an all time low , a super bargain , which will inevitably reverse in this 'era of good feeling'.

    ReplyDelete
  4. Hi Bob - this is such a dysfunctional market that I am literally
    on strike - boycotting the whole thing - other than to work on making
    new and interesting indicators, doing research and waiting for reality
    to return. Which is to say, I sure cannot answer your question other
    than to suggest that in this market I truly would not believe any
    explanation.

    ReplyDelete
  5. Hi john, did you read discussion on gary's blog about TVIX?.I'm very very concern about this fund.
    thanks so much
    regards

    ReplyDelete
  6. This is a good answer of my question above.
    The key is limited shares of TVIX.
    http://tinyurl.com/76bddcc

    ReplyDelete