I don't believe shorting vol as a strategy is going to work much longer. I'm long spot UVXY as well as calls from $3.76. Target $5.50. Think we're going to see risk puke over the next two weeks.
S&P continues in the overall downtrend. We will continue to see bear market rallies and pull backs before continuing lower. As you can see, it's been lower lows and lower highs. If you listen to mainstream channels like CNBC or Bloomberg, it's always a bottom when stocks move upward but selling continues. I noticed when the mainstream says something the opposite...
Who could have guessed markets would rally in an ocean of bad news: Worse than expected CPI Worse than expected PCE Worse than expected Chicago PMI Joblessness Rising Missed Earnings Q2 GDP Contraction in Recession Collapsing Home and Auto Sales Who knew you could miss earnings, lose millions in revenue and your stock price rallies like...
Since economic data means nothing anymore, and since the market is no longer has any connection to the economy, I guess we can rely on TA...? Who knows. It seems like the S&P has hit a ceiling as of now at the 200MA. RSI is high on the 1D. MACD has PLENTY of room to come down. Let's see what happens.. it could be a red September.
Here we are in this bounce in the markets. We are seeing lower highs, lower lows. It is the best time to get into a position now. If you look at the timelines from peak to sell, its about 2-months. We're about overbought, and the economic data coming out is pretty horrible. Retail, autos, housing, buying and consumer sentiment, debt, revolving credit, personal...
Boy, are these markets something else. Since before 2008, markets correlated relatively close to economic data. Since the introduction of Fed intervention with slashed rates and Quantitative Easing, "markets" were able to "shrug" off even the worst geopolitical and economic events. In fact, it defies all logic. Logically, markets can and should ignore all TA...
This stock came up while scanning for stocks that are primed to fall. Take a look at the MACD, it has crossed with plenty to fall. The stock itself has formed a megaphone pattern with plenty of room to fall.
uvxy is trending down and actually rose slightly against trendline resistances. I'm shorting into the close.. there is a bullish cypher set up, however im short C leg to the D leg of the cypher pattern Target $4.75
“Happiness was never important. The problem is that we don't know what we really want. What makes us happy is not to get what we want. But to dream about it. Happiness is for opportunists. So I think that the only life of deep satisfaction is a life of eternal struggle, especially struggle with oneself. If you want to remain happy, just remain stupid....
Can make a new low here but above the broken trendline. Some interesting development is happening under the hood there, be careful if long the markets after this week!
The fakeout move in indexes was spotted since mid of Jan! Had a weekend update with the next 2 weeks' pathway and going into the Mar. UVXY is one of the tools to watch as well as DXY and bonds
Tested from the top, it might test again on Monday, but this is a very big warning signal for the bulls short term!
UVXY HOD Something is cooking, tomorrow will be fun!
Crash coming very SOON!! Ready to make a lot of cash! Let's do this VIX!!
Crash coming very SOON!! Ready to make a lot of cash! Let's do this UVXY
I hate to attempt to predict UVXY price action but the FED news was semi bearish, and Powell has COVID right after China had an outbreak a month ago. Is this deja vu of Jan 2020? If we can hold above this yellow line while the overall market goes side ways or tanks I think we can at least get a relief rally. If we get an unfortunate news via earnings or another...
Every time RSI has reached the 30 level it has bounced aggressively. With the recent fall of #kingdollar, stocks & crypto spike, & $VIX crush, I expect a REVERSAL PATTERN with a SURGE IN VOLATILITY. If margin calls get triggered we could see a MASSIVE WATERFALL SELLOFF in RISK "assets". Protect your #kingdollar. HEDGED with for CRISIS with $UVIX $UVXY. GL.