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Monday, November 23, 2015

UVXY - Short Term Update

UVXY did spike, has subsequently cooled off, and is currently testing trendline support.  Another spike looks possible in the short term.

It looks interesting for a move prior to November month-end.

30min Chart

52 comments:

  1. Replies
    1. Good move, you did better than I did. 27.18 and 27.28 Waiting for one more buy if we retest the lows. Good luck

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    2. Thank you, all the best!

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  2. Replies
    1. LOL, nothing personal but I hope you are wrong. I was looking for 38 - 42 myself.

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  3. This week looks interesting for the market to dip.

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    Replies
    1. Louis, I was not ignoring you. I posted my reply to you on the other posting. Good luck

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  4. Last batch, 27.08 I always scale in and out a third at a time. Good luck every one. This is not a day swing.

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  5. Pullback complete. Couldn't even officially fill the gap 2081.24. Too many buyers waiting to get in at 2076-2081.

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  6. SPX daily..."Lower highs remains the trend for now"

    https://northmantrader.files.wordpress.com/2014/04/spx54.png

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  7. the chart indicates that a top has been forming during the last year...DISTRIBUTION...��

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  8. Here's the plunge. SPX failed at 2100. Let's see how far it drops.

    SC November 20, 2015 at 6:33 AM

    "2100, market plunge likely Monday/Tues."

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  9. SC, in your opinion, after any pull back today, does the market continue to climb into the end of month?

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    1. I think the market can see lower, but December looks relatively positive.

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    2. sc is your target still 36 on uvxy

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    3. We'll see. Might only see $32...

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  10. A bird in the hand is worth two in the bush. Discipline trading trading # 101 (For My Self) Selling one third of my three batches from yesterday. I am going to use that for swing trading today. Good luck to all who bought yesterday.

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    1. I am looking for double bounce bounce off of the vix 15.50 to go back into a full position with UVXY after selling out one third early this morning at 29.27 Good luck every one.

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    2. i should of sold with ya and bought back

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  11. I learned the hard way 20 years ago trading ago. Buy and sell batches. Bears and Bulls make money, PIGS LOSE OUT. Best of luck to you. I may have to wait until early next week to unload these UVXY and go long with other instruments.

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  12. WoW, market is pretty flat with no volume.Difficult to so any swing trades today In the past, I would never short a dull market. But unfortunately we have some political problems over seas. I will maintain my UVXY for now for some kind of POP friday - Tuesday. Good luck every one.

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  13. does anybody now if its wise to average in on uvxy here

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    1. Hi Louis, that is a personal decision that only you can make. I feel comfortable at the moment to wait it out for a pop into friday thru next week. My average cost on the UVXY is in the low 27.00 so I am okay for now. All the best to you.

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    2. Louis, we have a bradely turn date tomorrow. It is usually off by a few days, but yet looks encouraging for those holding UVXY. This seems to line up with my other turn dates very nicely. All the best.

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    3. i own about 27.50 as well best of luck and happy thanks giving
      to all

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  14. #BlackFriday has been red 5 of the past 6 years. The good news? Rest of year up 5 of 6 times with >+3% avg return. $SPY

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  15. bullish declining wedge forming on uvxy that is bullish

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    1. Over the last year, S&P 500 has failed 14 times at or near the 2120
      level. That will be the level to watch. Best of Luck

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  16. Monday may be down but Christmas rally is coming - may break out to new highs. This has either been a long topping process or a pause before exploding higher. Be open to either possibility

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  17. Have you all also noticed the same patterns in the S&P500 (3,4,5, Lower Low) and the DAX (ABC down), weekly chart.
    Weekly chart says both markets up into end of year, new corrective wave into summer 2016.

    http://tripstrading.com/2015/11/28/how-to-play-the-short-and-medium-term/

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  18. SPX monthly...stochastic tells the tale...during bear markets surprises are to the downside...

    (https://twitter.com/allerotrot/status/671041489452052480?s=17)

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  19. SPX daily...a drop below 2048 could signal serious trouble for the stock market...

    https://twitter.com/allerotrot/status/671062422342512641?s=17

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  20. Hi SC, any thoughts going into December... are you still looking for UVXY to goto $32. thanks so much for your analysis.

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  21. sc do we still have target above 30 on uvxy

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  22. WOW, Vix up over 8% UVXY basically flat ? Some thing is up. It should be interesting tuesday - Wed. I am still expecting a good size pop. Good Luck to all.

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    Replies
    1. NO, I am keeping UVXY. and playing some swing trades with my third position that I sold out last week with.

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  23. Milton Berg: Commodities May Sink 20% or More - November 30, 2015

    http://www.bloomberg.com/news/videos/2015-11-30/milton-berg-commodities-may-sink-20-or-more

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  24. VIX...interesting chart...

    https://twitter.com/Mella_TA/status/671432927423631360

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  25. I assume you are stopped out. Do you see another uvxy entry spot this week?

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  26. hi sc are we still on target for 32 on uvxy thanks for your help

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