Finding the edge in analyzing unique market Cycles.
Bought UVXY $14.65.
UVXY target $16's due December 4th or 5th.
Yes I bought 14.55
SVXY is clearly overbought now.
Sc. Spx will pull to 3080 and go higher
So uvxy 11. In jan. What is your target for spx
Yes, January is going to be an exciting month. The target will be posted in two weeks. First we have December.
What do you expect to happen between the 5th and the 13th sc? A bounce then a final low?
Yes, exactly Joe.
SPX is at a high and will drop for two weeks into the next tarrif date which is December 15th.
SVXY overbought and drops to $59 next.
Theres your 59 good call
Here's comes the selling...
We need more selling then that
How is vix up 5.4% and uvxy only up about 1.5 ?
It's the same issue with the VIX futures curve. It's a steep curve until January. There's a cushioning effect.
SC: Any thoughts on natural gas?
Ya, I'm watching that too. Hit bottom of trendline from August. Same with WTIC, hit bottom trendline from October
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.
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.
I try to base my bi or selling On technical events not all rumors
Yes always, this was text book short entry. Markets selling off overbought conditions, but we also had the correct timing coinciding with events.
I'm hoping for 16 on UV XY and then I'll short this piece Of crap
TVIX split is complete. Good opportunity there.
For a big short
IF SVXY hits 59 I will short TVIX
Sold uvxy at 15.90 and spxs 14.79
When I see The VIX up $2 UV XY update the 99 cents is disturbing to me that's why I dumped it
It's the VIX futures, but yes generally good to be conservative until January because of the curve.
Ha ha theres your 16 good call
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.
VIX tested the July low and rectangle support and, as expected, we see the strong reaction.
Most of this leg down is done. A little more selling tomorrow with the impeachment vote.
what price are you willing to unload UV XY
Probably see mid to high $16 near the orange line.
Some one bought Jan 2980 puts spx in tune of 31million bucks 16000 options
January will be an interesting month...
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!
Today or tomorrow plan to switch out UVXY and into SVXY.
smart choice if you could short tvix would be a good choice aswell that might move down hard
wow right on the money congrats
Haha, thanks Louis! This is very nice.
sc so you are think that SPY could be bottom here and then run up until january before next leg down?
There will be a strong bounce starting tomorrow. I'm still expecting lower December 13th. Other than that yes, agree.
Shorted uvxy at 18
Brutal... another day of vix up 18% uvxy up 14%this vehicle is useless...
It's okay. Just the VIX futures curve. This is just a warm up. In January the issue will be resolved.
I know Sami it is annoying, but the patience will be rewarded.
Sold UVXY $17.80.
Bought SVXY $59.10.
Expect SVXY to hit $63 by Tuesday.
sc whats your target on svxy
UVXY down to $15 by Tuesday.
SC.. what are you seeing for UVXY after it hits 15 by tuesday?Thank you
$19 or $20 UVXY by Friday December 13th.
Friday the 13th haha. Scary...
It's going to be a nightmare
New chart posted!