This market doing EXACTLY what bear markets do. Investor are totally oblivious to the fact that builders are down over 30%, commodities are in deflationary collapse, financials down nearly 30%....
And you people are looking to catch a knife?????
DOW Trannies double bottom break down, DOW currently following suit....could go on
No market goes in a straight line but going long this market?.......suicide.
This market is every bit as dangerous as 2001 and 2008 and possibly more so. Volatility is still relatively subdued and short selling is still at multi-year lows. This is going a lot lower and possibly quicker than most imagine,
SC: we are in the "jaunary effect" period. This seasonal pattern start aroun Christmas and end in early january. Fed may give the start yestarday. This il possible if 2470 support can hold in these days. Is this in line with your opinion?
Bought UVXY $71.85.
ReplyDeletei will short that piece a crap up there
ReplyDeleteAgree, we just need to have patience to put in the low for SPX.
DeleteThe blue line is around $85. A calculated breakout of the pattern can give a target as high as $96 but that is pushing it in my opinion.
ReplyDeleteyou might get that tomorrow 2450 on the SPX should bring it up there
ReplyDeleteSC do you have a chart on oil?
ReplyDeleteThanks
Let me see what I can do. Might see a little lower but bounce into January. Should hold $40 or above.
DeleteThis market doing EXACTLY what bear markets do. Investor are totally oblivious to the fact that builders are down over 30%, commodities are in deflationary collapse, financials down nearly 30%....
ReplyDeleteAnd you people are looking to catch a knife?????
DOW Trannies double bottom break down, DOW currently following suit....could go on
Short term capitulation is unfolding. There will be down legs and up legs as it progresses. Agree the bigger picture is not looking good...
DeleteNo market goes in a straight line but going long this market?.......suicide.
DeleteThis market is every bit as dangerous as 2001 and 2008 and possibly more so.
Volatility is still relatively subdued and short selling is still at multi-year lows. This is going a lot lower and possibly quicker than most imagine,
Precious metals looking very good here.
SPX weekly getting oversold. VIX subdued. Conditions are becoming ripe for a good bounce into January. Downside later in the cycle.
DeleteUVXY clinging onto the neckline for dear life today. Breakout soon....
ReplyDeleteSC, SPX target for the move down?
DeleteChart coming with SPX measurement.
DeleteThe market is going down to 2450 and then in January 2400
ReplyDeleteSC what does it mean not looking good.
ReplyDeleteBear market has begun.
DeleteVIX futures surging ;)
ReplyDeleteSC: we are in the "jaunary effect" period. This seasonal pattern start aroun Christmas and end in early january. Fed may give the start yestarday. This il possible if 2470 support can hold in these days. Is this in line with your opinion?
ReplyDeleteMany thanks and Marry Christmas to all!!!
Just a little lower, but yes definitely the January effect about to begin. Very strong rally is coming into January from the low that is forming.
DeleteV bottom!
Merry Christmas!!
VIX wants to test October high of 29.
ReplyDeletei agree im looking to go long spx soon for a bounce
ReplyDeleteNew chart posted!
ReplyDelete