Oil a little soft as we wait for the economy to reopen. When that happens demand for Oil will spike. We're going to get the opportunity to buy cheap Oil just before the reopening. The cheaper the better and will continue to build the position with time. For now it's a waiting game.
correct but the buy of UCO at $ 1.63 so far lost over 60% of its value I know shouldn't have listened thats for sure UCO worst performing stock OIL that I can see for today
Good afternoon Everyone! In my work I was expecting 22/23rd April also as CIT (low) in SP500, but looks like it came 1 day early on the 21st. Let's see if we can get a dip tomorrow for better risk-reward long entry.
Gold is flying off the shelves and will test $2500 next year...SC is not the person to try and get gold cycle advice from...He has been wrong the last year on it....
easy to say SC lol ... im down as mentioned 50% ,, yes would be nice to average down but with no extra $ to spare .. feels like its going to be awhile to even break even from a 50% loss at this point.
SC! i have lose your road map for S&p500. Are you search a top for a position short? if so have you a idea of where and when? If i remeber well you thought of a drop during the year .. did I get it wrong?
Not sure Louis... https://imgur.com/a/L73Im1a The windows have produced major tops and bottoms, midpoints have also been good turns. I suspect the 5/13 will be a bottom
“The airline industry’s demand for capital ever since that first flight has been insatiable. Investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it,” Warren Buffet
Would like to get overall view. Do u still expect spx to make new lower lows of like 1k or lower or this is just a sideways correction for some time till covid is gone? Also what about bitcoin? As it is highly correlated to spx don’t you think it will go lower with it instead of making ath this or next year as u though?
Bitcoin did break out of our Cup and Handle pattern to the upside. Has been very strong, but the $10,000 target has almost been reached so we'll observe.
May see some jitters on Oil here for several days. With the June contract nearing expiry May 19th paper traders probably exit early a few days. Oil in particular responds strongly to the turn dates and a low is due tomorrow.
However expect a major high for Oil May 19th to 21st.
Well done SC. I think we will see 2770 tomorrow (May 13th) just like you said. Also, I think we will get 3050-3120 by May end - again, just as you called out.
Quite excited to see your post about the big turn date!
Somehow. When close to turns or vxx at bottom sc does not want to comment or post chart. When vxx will be 20 point higher than recommend buying. Sc is it true. Timing is important
Sorry. Not demanding anything. Known SC for years. Not criticizing also. Just expressing feelings or thoughts. Happened at last turning point in March also. But it is is blog whatever way he wants to do . Thank him forbit
Ok now your a cheerleader lol You guys ham you'll laugh I bought this UV XY at $32 I'm asking you guys if you are buying UV XY and nobody Answers I think we rally up to 2950 That's my opinion The only clown that I see is you Who was unable to make his own decisions
Keep hiding behind your fake name your the one wearing panties coming to the defense of another man lol he's a big boy can make his own mind up don't forget to take your bra off
I would argue with you, but you are clearly retarded. There are 182 messages on this post and I challenge you to find me one (just one) where I was rude to either SC or anyone else. And if you cannot find one, then do us all a favor and be quiet. you have sufficiently demonstrated to everyone the low life you are.
You accuse me of not trading on my own. Well, I never asked anyone for anything. You, however, have gone around relentlessly pestering everyone on here about turn dates, coffee, uvxy and God knows what else.
I will be the bigger person and end this here as unlike you I actually have a life and better things to do.
Wow Louis...you’re a good trader, I’ll give you that. But I have a little thinker skin than that. Especially from someone I have no idea of who you are or you me...pumpkin, come on, that was funny!
bought tvix after the close on friday even though spx was down on monday tvix was down 15 so got stopped out bought back in only to get stopped out 5 times on tuesday had enough only to have it surge.Now you say 2700's now that it is happening i was in tvix and lost my ass.Louis kept asking is anybody in but no reply.You always post alot but never when things are moving,dead silence.
Sc i had suggested in March. It will be helpful give a plan with turn dates for a month. Let people decide if turn dates invert. Nobody wants to buy uvxy etc when up 10 or 20 points. Rest is your decision.
Most important dates are coming for SPX in May looking at the timings.
ReplyDeleteI don't understand what you mean by this are you looking for a drop and how low in your opinion?
DeleteSounds like fun
DeleteNot much yet Louis, just chop. High in May.
DeleteJoe, it is going to be fun!
DeleteFor volatility April 14th was perfect. TVIX made the low April 14th.
ReplyDeleteSo r u still expecting 2920
ReplyDeleteYes, SPX is cooling off a bit. I don't think anything major is happening yet.
DeleteI have dates for highs coming in later April and more importantly May.
SC .. yes but you sold TVIX way to early as per your posts.
ReplyDeleteaswell we didn't hear any updates on UCO since you bought at $1.63 before split ,
Oil a little soft as we wait for the economy to reopen. When that happens demand for Oil will spike. We're going to get the opportunity to buy cheap Oil just before the reopening. The cheaper the better and will continue to build the position with time. For now it's a waiting game.
DeleteTrump still needs to fill his tanks.
Volatility popped. We have a $370 target on TVIX. But nothing major is happening with volatility yet.
DeleteCan u please give a road map for sp . . The pink line is 292 . R we touching that
ReplyDeleteExtremely pleased with the price action because the market respected the turn date on April 14th.
ReplyDeleteThe market will likely continue to follow the next dates!
well since your buy of UCO its down over 40%
ReplyDeleteI know nobody has magic wand but for the small time investor its a major hit
I hear ya. Markets are moving big time. Oil still is really interesting.
DeleteSC - Still long UCO?
ReplyDeleteMay 11th Bradley date
ReplyDeleteBetter off buying slb on dips vlogs xon on massive dips in my opinion than uco
ReplyDeleteIn the 1970's the talk was all about "Peak Oil". Oil was running out they said. It was an Oil crisis.
ReplyDeleteNow they tell us there the crisis is there too much oil!
Oil getting nice and cheap!
correct but the buy of UCO at $ 1.63 so far lost over 60% of its value
ReplyDeleteI know shouldn't have listened thats for sure
UCO worst performing stock OIL that I can see for today
The math makes sense. We know a demand spike is coming for Oil. Which month is the question.
ReplyDeleteLet's say we get into Oil at $10 it goes to $25. That's 150%.
$5 to $25 that's 500%.
The trade is coming....let's wait and watch closely.
Oil doubled off the low yesterday! Up 100%.
ReplyDeleteNext turn date is coming tomorrow.
ReplyDeleteyes but UCO still has a long way to go to recoup the loss at our buy at $ 1.63 pre-split ,,, so it needs to go over $35 to break even...
ReplyDeleteLet's see the turn day. Might be able to get some cheap. If these turn dates work well for Oil it'll be a money tree.
ReplyDeleteTomorrow turn date for oil or spx
ReplyDeleteSPX
DeleteAre looking to buy into the next TVIX rally?
ReplyDeleteWhat price is a good entry? $250?
It could but may wait for the cycle high.
DeleteWhat date do you have for high april 23
DeleteGood afternoon Everyone! In my work I was expecting 22/23rd April also as CIT (low) in SP500, but looks like it came 1 day early on the 21st. Let's see if we can get a dip tomorrow for better risk-reward long entry.
ReplyDeleteCould today actually be a high rather than a low on your turn date? Inquiring minds want to know.
ReplyDeleteStill a low I think
DeleteSC: what about gold and GDX? GDX is on the way to break up a big multy year resistance.. , il a good deal for this year in your opinion?
ReplyDeletemany thanks
Gold is trying to test near it's 2011 high. It's okay but better opportunity elsewhere.
DeleteGold is flying off the shelves and will test $2500 next year...SC is not the person to try and get gold cycle advice from...He has been wrong the last year on it....
DeleteI think gdx drops down with the market
ReplyDeleteApril 14th was the most important date this month.
ReplyDeleteLow is due but not very pronounced for SPX. Next turn date April 27th.
ReplyDeleteSPX likely choppy and rising well into May.
I have developed a strategy that looks quite lucrative. Will post the details shortly.
ReplyDeleteNotice how SPX collapsed. Low is due. It still obeys timing.
ReplyDeleteSC .. any hopes of UCO recovering since were down well over 50% on our initial buy
ReplyDeleteYes, I have a plan for Oil. Don't be discouraged as there is more action in Oil than any other market.
Deleteeasy to say SC lol ... im down as mentioned 50% ,, yes would be nice to average down but with no extra $ to spare .. feels like its going to be awhile to even break even from a 50% loss at this point.
ReplyDeletehttps://www.youtube.com/watch?v=b6G5Cx5IPnk&feature=em-uploademail
ReplyDeleteSC! i have lose your road map for S&p500. Are you search a top for a position short? if so have you a idea of where and when?
ReplyDeleteIf i remeber well you thought of a drop during the year .. did I get it wrong?
many thanks to share with us your work
SPX hit turn date April 14th and dropped. However, SPX continues to trade in a tight range. I'm expecting this to continue into May.
DeleteThere is another date I have in mind for SPX in May. I think will be more exciting.
DeleteI have 5/13
ReplyDeleteFor top?
DeleteNot sure Louis... https://imgur.com/a/L73Im1a The windows have produced major tops and bottoms, midpoints have also been good turns. I suspect the 5/13 will be a bottom
DeleteThank you DWL! Let's keep an eye on these.
DeleteSC what date do you have for the high in the S&p?
ReplyDeleteThanks
Yes, May 13th and May 15th. Also May 19th which is Oil expiry.
DeleteNormally after a large move in SPX it calms down for a period of time. This is what we are seeing.
ReplyDeleteA lot of minor chop, but not a lot of movement. This is likely to continue into May at least for a few weeks.
SPX will make large moves again this year, but give it some time.
ReplyDeleteVolatility was more interesting. Off the April 14th turn TVIX jumped more than 50%. Now it has settled back again.
ReplyDeleteSC $VVIX giving buy?
ReplyDeleteany updates on UCO? average down? we down 70%
ReplyDeleteNo, I wouldn't average down.
DeleteTrading Oil both long and short. It's the best market to trade currently.
I have a plan for Oil with massive moves coming this year.
https://www.youtube.com/watch?v=0hN4hyVCh2I&feature=youtu.be
ReplyDeleteanybody know antything about sugar sgg symbol
ReplyDeleteSC do you consider the pink line hit this morning as in the top in?
ReplyDeleteThe line is 2,927. 2,921 SPX was reached this morning. Very close.
DeleteYesterday was turn date. We saw a reversal today but next turn date is low this Friday or Monday.
These turn dates every 3 to 5 days suggest chop rather than a major reversal just yet. It'll come though...
There we are! Pink has been hit SPX. We do have the white line just overhead at 3,000 which interestingly coincides with the 200 dma.
ReplyDeleteI'm still short volatility dropping like a pig
ReplyDeleteThe blue line could be reached after a pull back maybe 2650 to 2730 then 3400
ReplyDelete4000 by year end
ReplyDeletestaying short volatility
ReplyDeleteSC, is 1500 next or 4000???
ReplyDeleteSc what you think about jo coffee etn
ReplyDeleteI have looked at sugar and coffee. They are interesting but plan to focus on other markets.
Deletesugar etn sgg looks good
ReplyDeleteSC do you see possibility of 3100+ this year on the Spx?
ReplyDeleteShit we are going to 3400 plus after a sell off in oct
DeleteSPX dropping. Perfect! Low due tomorrow or Monday in the time Cycle.
ReplyDeleteWhat's the bottom 2791 or 2650?
DeleteThe chop will frustrate and confuse traders, but SPX will fill out this high in May.
ReplyDeleteWhat is the date of high and what price level for spx
ReplyDeleteI have may 5th as a bottom
ReplyDeleteSPX fell into today's turn date low. Next date for high May 7th.
ReplyDelete3,050 SPX is an ideal target. SPX hit the pink line and reversed, but an overthrow to 3,050 could occur.
ReplyDeleteFrom that level expect trend down into July 2,375.
3,050 SPX is the number we talked about a lot last year. Market has an uncanny ability to find these levels!
DeleteThanks sc. That helps
ReplyDeleteSoxs and sgg are good to trade
ReplyDeleteSc do you know anything about what is happening with reserve split on bacon and these altcoins that might pop would that be good for gbtc
ReplyDelete“The airline industry’s demand for capital ever since that first flight has been insatiable. Investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it,” Warren Buffet
ReplyDeleteI meant to say bitcoin
ReplyDeleteThe charts and cycles for Bitcoin. Bitcoin has effectively reached our upside target.
DeleteI'll review
Deleteso 7th is the final high of May, then down into July 2375?
ReplyDeleteI still have other dates coming. Likely the chop will continue.
DeleteSCMay 1, 2020 at 6:15 AM
ReplyDeleteSPX fell into today's turn date low. Next date for high May 7th.
SCMay 1, 2020 at 6:23 AM
3,050 SPX is the number we talked about a lot last year. Market has an uncanny ability to find these levels!
So are you expecting SPX 3050 by May 7th?
SPX can retest the 2,900's May 7th high but could be declining to a May 13th low overall.
DeleteI have another date for high May 21st. Let's see SPX 3,050.
Thank you
Deletewhere do you see SPX for May 13th low?
DeleteLower low SPX 2,770.
DeleteExpect TVIX drop to $150.
ReplyDeleteTVIX update is coming...
DeleteOil surging higher with the reopening! June Oil up 400% off the lows.
ReplyDeleteThis was my point. At $160, at $100, at $60 everyone loved Oil and there was no real upside.
At low prices we see huge percentage moves.
“Oil prices moving up nicely as demand begins again!” Donald Trump
DeleteSPX spiking off the turn date!
ReplyDeleteSC .. do you still see 2900s or do we start turning south after todays close to the 13th of May?
ReplyDeleteThanks
Futures do rise
DeleteWould like to get overall view. Do u still expect spx to make new lower lows of like 1k or lower or this is just a sideways correction for some time till covid is gone? Also what about bitcoin? As it is highly correlated to spx don’t you think it will go lower with it instead of making ath this or next year as u though?
ReplyDeleteBitcoin did break out of our Cup and Handle pattern to the upside. Has been very strong, but the $10,000 target has almost been reached so we'll observe.
DeleteIn my opinion this isn't about the Virus for SPX. There is one common denominator. Also, the US has one card left to play.
DeleteLet me expand on this with long term Cycle.
Oil jumped more than 10% on Thursday and was on track for its best week in history.
ReplyDeleteTVIX looks to be heading for $175.
ReplyDeleteSc r u still expecting 2920 may. 7 th to 11. And down to 2770 by may 13th
ReplyDeleteI'm thinking down into 15th
ReplyDeletetoday is still the high?
ReplyDeleteSC, are you going to take the TVIX trade for a S&P drop to 2770 or are you waiting for a bigger setup?
ReplyDeleteInterested in TVIX soon. It likes to decline into Friday closes.
ReplyDelete$170 to $175 is the previous low.
DeleteTVIX 175 today
ReplyDeleteSPX quite choppy for next 2 weeks. It is early for a big turn, but yes a high is due now May 13th low.
ReplyDeleteOr we can wait for the more important timing May 21st for a major turn.
ReplyDelete21st u expecting. 3050
ReplyDeleteSC, the low for TVIX is $170 to $175 but how high do you think it will go? $500? $600? $700? Higher?
ReplyDeleteCovered uvxy short and tvix
ReplyDeleteI'm wondering if it would be wise to grab some tvix
ReplyDeletemaybe ag 150? Or uvxy at 34?
ReplyDeleteSc is it possible to post updated chart of six tvix thanks
ReplyDeleteSpx and tvix
ReplyDeleteUvxy starting to get active
ReplyDeleteUvxy getting smashed
ReplyDeleteThere is your 150 on TVIX
ReplyDeleteDshorted svxy 35.20
ReplyDeleteSc do u think we top on May 21
ReplyDeleteGive or take yes that's the date to watch.
DeleteSPX once again finding resistance at the pink line.
ReplyDeleteMomentum is burning off.
We're just about where we need to be...
ReplyDeleteVIX chart is coming.
Are you planing to take a vix position
DeleteSnd whag price
There is something I am waiting for. Let me explain with the chart.
DeletedavidMay 4, 2020 at 12:52 PM
ReplyDeletewhere do you see SPX for May 13th low?
SCMay 5, 2020 at 6:13 AM
Lower low SPX 2,770.
May see some jitters on Oil here for several days. With the June contract nearing expiry May 19th paper traders probably exit early a few days. Oil in particular responds strongly to the turn dates and a low is due tomorrow.
ReplyDeleteHowever expect a major high for Oil May 19th to 21st.
Its amazing how nobody picking ul uvxy at 32 great deal
ReplyDeletebo brainer
ReplyDeleteCovered svxy at 34.83
ReplyDeleteSold uvxy at 35.07
ReplyDeleteLooks like 3000 coming by friday
ReplyDeleteSPX plunging into the turn date.
ReplyDeleteWell done SC. I think we will see 2770 tomorrow (May 13th) just like you said. Also, I think we will get 3050-3120 by May end - again, just as you called out.
DeleteQuite excited to see your post about the big turn date!
It's just outright amazing how UV XY was $31.70 and nobody of the Blog picked it up Now is 41
DeleteSc what u saying. What turn date. Today or 21st
ReplyDeleteyep, nothing like the last second to make you guess if it is a high or a low
ReplyDeleteSC ... do you still see us bottoming tommorow and heading up to 3050?
ReplyDeleteCan you please post a chart for vix and spx?
Thanks
Sc are u buying this uvxy?
ReplyDeleteYour timing is excellent. What do you use for turn dates?
ReplyDeleteSC, is a turn date usually the day to exit a position or enter a position or is it just plus or minus 2 days.
ReplyDeleteOn the turn dates we look to enter or exit positions but we also fine tune and review our entry and exit points.
DeleteSomehow. When close to turns or vxx at bottom sc does not want to comment or post chart. When vxx will be 20 point higher than recommend buying. Sc is it true. Timing is important
ReplyDeleteI’m always mystified by people that demand/criticize when the advise is free.
ReplyDeleteSC, thank you all the great information that you share!
You guys talk a lot of bull shit
DeleteSorry. Not demanding anything. Known SC for years. Not criticizing also. Just expressing feelings or thoughts. Happened at last turning point in March also. But it is is blog whatever way he wants to do . Thank him forbit
ReplyDeleteIt's all good Rose. Volatility has a strong reaction to the turn date but nothing big is happening yet.
DeleteShorted uvxy 42.70
ReplyDeleteThere's your free advice Scott keep following the sheep and wear your mask
ReplyDeletelol...are you a clown, louis?
DeleteShorted more uvxy at 44.05
ReplyDeleteSPX was still high yesterday morning. Our turn was due for a low so it had to drop in a hurry, and it did.
ReplyDeleteToday is the turn date. SPX is getting close to the target price. Also watch May 15th New York reopening if we see SPX lower for another day or two.
"seriously" everything is after the fact can't make money after the fact?
DeleteBecause the turn dates were clustered together we saw a lot of chop as expected and it was excellent for day trading.
ReplyDeleteWhat is the target price sc ?
ReplyDeleteFor SPX we targeted 2,770. Nothing really specific about the number. 50 dma is a little lower at 2,721.
DeleteThe day trading is fine, but I am most interested in a more profitable swing trade set up for you all.
ReplyDeleteThat time is coming...
TVIX might see a little higher around $260.
ReplyDeleteShorted thisvix at 204
DeleteI will short this garbage all the way up
Deleteexcellent work SC. I get the feeling you're about to knock this one out of the park!
DeleteOk now your a cheerleader lol You guys ham you'll laugh I bought this UV XY at $32 I'm asking you guys if you are buying UV XY and nobody Answers I think we rally up to 2950 That's my opinion The only clown that I see is you Who was unable to make his own decisions
Deletehaha...calm down pumpkin, don't get your panties in a bunch
DeleteKeep hiding behind your fake name your the one wearing panties coming to the defense of another man lol he's a big boy can make his own mind up don't forget to take your bra off
DeleteI would argue with you, but you are clearly retarded. There are 182 messages on this post and I challenge you to find me one (just one) where I was rude to either SC or anyone else. And if you cannot find one, then do us all a favor and be quiet. you have sufficiently demonstrated to everyone the low life you are.
DeleteYou accuse me of not trading on my own. Well, I never asked anyone for anything. You, however, have gone around relentlessly pestering everyone on here about turn dates, coffee, uvxy and God knows what else.
I will be the bigger person and end this here as unlike you I actually have a life and better things to do.
Thanks for all the updates SC
ReplyDeleteYou are more than welcome my friend!
DeleteSc I am not clear. R u expecting 2700 first than 3050. Or other way.
ReplyDeleteYes 2,700's first then up.
DeleteIt's very helpful to have accurate timing. Very powerful tool when we combine with price.
ReplyDeleteSVXY hit 50 dma and was slapped lol
ReplyDeleteHow do we go from might see 150 to might see 260 the 2700 was supposed to be after 3050
ReplyDeleteOk thanks.
ReplyDeleteVolatility is getting ready for a larger move. There will be plenty of time to get in a cheap price. The best moves are always like that.
ReplyDeleteloius can you post your trades i see when you short but did not see you buy uvxy Thanks,
ReplyDeleteSc that is what confuses me u expected 3030 first top on may 21. And 2280 in eRly July. Now I don't know what we r expecting
ReplyDeleteWow Louis...you’re a good trader, I’ll give you that. But I have a little thinker skin than that. Especially from someone I have no idea of who you are or you me...pumpkin, come on, that was funny!
ReplyDeletethat guy seems to be right on every trade, never wrong, just unlimited funds to buy lower
DeleteYour right sk if you have 100000 use 25k at a time if you have a million use 100k at a time
Deletebought tvix after the close on friday even though spx was down on monday tvix was down 15 so got stopped out bought back in only to get stopped out 5 times on tuesday had enough only to have it surge.Now you say 2700's now that it is happening i was in tvix and lost my ass.Louis kept asking is anybody in but no reply.You always post alot but never when things are moving,dead silence.
ReplyDeleteShorted more uvxy at 46 I'm expecting
ReplyDelete2950 by monday
Thanks Louis,
ReplyDeleteYour the only one on this blog that knows how to make money
Sc i had suggested in March. It will be helpful give a plan with turn dates for a month. Let people decide if turn dates invert. Nobody wants to buy uvxy etc when up 10 or 20 points. Rest is your decision.
ReplyDeleteTVIX target still $260?
ReplyDeleteYes
DeleteThen why haven't you been buying.I know you said you were waiting for the 21st.But these are strong gains.
ReplyDeleteI bought yesterday.
ReplyDeleteSPX target has been hit!
ReplyDeleteSCMay 5, 2020 at 6:13 AM
"Lower low SPX 2,770"
sorry didn't see the posting
ReplyDeleteShorted uvxy 49.20
ReplyDelete