Pages

Wednesday, January 15, 2020

$SPX - Davos Switzerland - Jan 21st to 24th

The SPX rally which began in October has nearly exhausted.  The most important event this month is the World Economic Forum in Davos, Switzerland which takes place next week.

Support is building at 3,000.

Daily

40 comments:

  1. Just as I had warned the bears that the breakout in October was real, I now warn the bulls that the SPX rally is practically exhausted.

    ReplyDelete
  2. SC; I do not understand, why in the first place you bought TVIX at $46.XX when market was in rally mode...

    ReplyDelete
    Replies
    1. We've only just begun to build. The targets SVXY $70 and UVXY $10 have nearly been reached. So planning to take bearish positions soon.

      I haven't posted the bearish charts yet but they are coming soon.

      Delete
    2. SC - are you expecting the majority of the selling to begin next week after the turn this week?

      Delete
    3. SC - Are you just expecting a 10% correction to around 3,000 SPX with the resumption of the uptrend to continue after and SVXY still going to 80 in April?

      Delete
    4. It's still early at this point. I expect SVXY to continue to rise but it will be a lot choppier.

      Delete
  3. Replies
    1. you have alot of gaps that have to be filled dec5th 3103 dec 19th 3192 jan 15 3298 all gaps will be filled eventually question is when?

      Delete
  4. gxbt up 800 and gbtc dont even move

    ReplyDelete
  5. Nothing shocking in the short and medium term. Lucky if S&P 3265 even happens. Small caps RUT will touch 1742 high of course.

    ReplyDelete
  6. S&P 3387 will happen with Dow 30000.

    ReplyDelete
    Replies
    1. you have made some exceptional calls over last 2 years....I had 3500 but so let it be written so let be careful said....

      Delete
  7. Im looking for smack down 3260 then a rip up to 3420

    ReplyDelete
  8. Sc I sold tvix that I bought the other day
    At 40 how low could we go on tvix 36 to 37?

    ReplyDelete
    Replies
    1. SVXY has effectively reached it's first target of $70. We do have the higher target of $85 which remains valid.

      Delete
    2. TVIX can go a lot lower but we will pick and choose our spots along the way.

      Delete
    3. Thanks i appreciate your comment

      Delete
  9. http://vixcentral.com

    The VIX futures curve has normalized!! This means that VIX spikes will translate into strong performance in VIX futures ETF's going forward!

    ReplyDelete
  10. Do you think $10 UVXY is still coming or is this as low as it is going to get?

    ReplyDelete
  11. We saw the turn at Davos. The timing was accurate, but I don't expect this is the "big one" just yet.

    ReplyDelete
  12. sc do you plan on holding tvix or your gonna dump it?

    ReplyDelete
  13. We have the big guns reporting earnings next week - Apple, FB, GOOG, etc. A top will probably come after that coinciding with the Fed Meeting. I think a mini correction/Down 5-10% into early Feb.

    ReplyDelete
  14. Hi SC,
    Are you looking for a date or is it all about price action? Is SVXY at $70, still a buy UVXY at $10?
    Thank you for all of market guidance!

    ReplyDelete
  15. I guess you already answered the question about $10 above, $10 or lower. I’m trying to wrap my head around your comment about SVXY possible going to $85 and at what point are you looking at going long or short. With the big 5 reporting in the next week or so, QE/REPOS, it would be easy to get burned here.

    ReplyDelete
  16. UVXY larger pop from the $10.

    ReplyDelete
  17. SVXY looks determined to hit $70 before it drops.

    ReplyDelete
  18. Don't worry people.

    Only 33 million in China quarantined with a rapidly spreading snake virus. Not a reason for emergency according to the WHO.

    Keep travelling, spending money and buying your favorite overpriced stocks!

    ReplyDelete