my post on 02/11, "ZNGA, HLX, AGNC, BSX, LVLT".
StockTwits.com for this week so far. Once again, it is trading to break above MA(50) as we have seen during fiscal cliff talks. UVXY is under huge pressure from profit taking and short traders. However, if we take a look at the chart below, SPY, the overall market is not quite bullish as it has seemed, making VXX and UVXY consider trades.
Remark: Trading with VXX and UVXY involves high risk tolerance. Since the contango nature of its futures options, as well as the overnight risks involved, most traders hold fear index fund and option for less than a week. For me, I only do day trade on VXX and UVXY and I have found Fibonacci Retracement (or Arc) is quite accurate in predicting its movement. I might come back to this topic with proofs later this week.
1) SAR signals for a new downtrend
2) MACD dropping quickly
3) Price closes (Not touches!!) below lower Bband first time since last Nov.
4) Falling OBV
For hedging purposes, I suggest
1) Do not use full margin to buy stocks
2) Consider shorting SPY or selected stocks that you believe will underperform
3) Hedge with put options or VIX
Technically, ZNGA breaks above MA(200) with huge volume yesterday and a bullish MACD crossover. Also, SAR signals a uptrend. Also $2.84 is a 50% retracement level from $2.09 to $3.75. ZNGA is currently trading at 50cents over its book value.