Pages

Tuesday, November 26, 2019

UVXY - Short Term Target

UVXY is likely forming a low this Thanksgiving week, and up into December 13th with the next Tariffs in the China trade war hitting on December 15th.

30min Chart

62 comments:

  1. UVXY target $16's due December 4th or 5th.

    ReplyDelete
  2. SVXY is clearly overbought now.

    ReplyDelete
  3. Sc. Spx will pull to 3080 and go higher

    ReplyDelete
  4. So uvxy 11. In jan. What is your target for spx

    ReplyDelete
    Replies
    1. Yes, January is going to be an exciting month. The target will be posted in two weeks. First we have December.

      Delete
  5. What do you expect to happen between the 5th and the 13th sc? A bounce then a final low?

    ReplyDelete
  6. SPX is at a high and will drop for two weeks into the next tarrif date which is December 15th.

    ReplyDelete
  7. SVXY overbought and drops to $59 next.

    ReplyDelete
  8. How is vix up 5.4% and uvxy only up about 1.5 ?

    ReplyDelete
    Replies
    1. It's the same issue with the VIX futures curve. It's a steep curve until January. There's a cushioning effect.

      Delete
  9. SC: Any thoughts on natural gas?

    ReplyDelete
    Replies
    1. Ya, I'm watching that too. Hit bottom of trendline from August. Same with WTIC, hit bottom trendline from October

      Delete
    2. I don't follow natural gas that closely, but the turns are generally correlated with equities.

      So natural gas formed a high in November and expect a low in December. Probably low soon in the first half of December.

      It did fill down to October. Maybe a little lower but not much. Second half of December can perform better.

      Delete
  10. Expect selling into Wednesday's impeachment hearing which will occur one day after the House Intelligence Committee votes on a report that will make the case for the president’s impeachment.

    ReplyDelete
  11. I try to base my bi or selling On technical events not all rumors

    ReplyDelete
    Replies
    1. Yes always, this was text book short entry. Markets selling off overbought conditions, but we also had the correct timing coinciding with events.

      Delete
  12. I'm hoping for 16 on UV XY and then I'll short this piece Of crap

    ReplyDelete
  13. TVIX split is complete. Good opportunity there.

    ReplyDelete
  14. When I see The VIX up $2 UV XY update the 99 cents is disturbing to me that's why I dumped it

    ReplyDelete
    Replies
    1. It's the VIX futures, but yes generally good to be conservative until January because of the curve.

      Delete
  15. Notice there we now have Bitcoin in alignment. Correlated with equities. It needs to consolidate first, but Bitcoin getting ready to run in the second half of December.

    ReplyDelete
  16. VIX tested the July low and rectangle support and, as expected, we see the strong reaction.

    ReplyDelete
  17. Most of this leg down is done. A little more selling tomorrow with the impeachment vote.

    ReplyDelete
    Replies
    1. what price are you willing to unload UV XY

      Delete
    2. Probably see mid to high $16 near the orange line.

      Delete
  18. Some one bought Jan 2980 puts spx in tune of 31million bucks 16000 options

    ReplyDelete
    Replies
    1. January will be an interesting month...

      Delete
    2. Louis. I don't really understand puts and calls. Can you let me know what this person is thinking will happen in January. I assume a test of 2980. Thanks much!

      Delete
  19. Today or tomorrow plan to switch out UVXY and into SVXY.

    ReplyDelete
    Replies
    1. smart choice if you could short tvix would be a good choice aswell that might move down hard

      Delete
    2. Haha, thanks Louis! This is very nice.

      Delete
  20. sc so you are think that SPY could be bottom here and then run up until january before next leg down?

    ReplyDelete
    Replies
    1. There will be a strong bounce starting tomorrow. I'm still expecting lower December 13th. Other than that yes, agree.

      Delete
  21. Brutal... another day of vix up 18% uvxy up 14%

    this vehicle is useless...

    ReplyDelete
    Replies
    1. It's okay. Just the VIX futures curve. This is just a warm up. In January the issue will be resolved.

      Delete
    2. I know Sami it is annoying, but the patience will be rewarded.

      Delete
  22. SC.. what are you seeing for UVXY after it hits 15 by tuesday?

    Thank you

    ReplyDelete