The Dow has been an embarrassment for the United States. Unlike SPX, the Dow hasn't made a new high yet.
The index was performing poorly and so to try and juice the performance the Dow committee simply changed the composition of the index.
The Dow is price weighted in contrast to SPX which is market cap weighted. So of course what they did in their effort to juice the index was choose high price stocks to add.
Daily
The list of embarrassments for the United States is growing long. This is a classic demise. It has reached the point when everyone can see the dysfunction which of course presents the opportunity for trading.
ReplyDeletesc,
ReplyDeleteare you calling a short term top here?
Is that what you are saying?
Tommy market will have another day up to 3429
ReplyDeletelou,
ReplyDeletethank you!
Shorted tqqq at 137.20
ReplyDeleteCovered 135.50 tqqq
ReplyDeleteLol this tqqq is a money tree
ReplyDeleteShorted tqqq at 137.10
ReplyDeleteCovered 136.30
Deletesc,
ReplyDeleteDoes this mean we should look at the UVXY now?
or has the VIX top been moved out to a later date?
Will post VIX chart next. Waiting to enter UVXY soon.
DeleteAt what price are u looking to get in uvxy ?
DeleteBought tqqq at 131
ReplyDeleteBought more 128.25
ReplyDeleteBought more 125.50
ReplyDeleteBought more 124.60
ReplyDeleteTqqq average 127.33
ReplyDeleteSold tqqq at 129
ReplyDeleteSold 129
ReplyDeleteClinical!
DeleteBack inn 127.90 barca
DeleteI’m in 128.7 let’s ride the wave up
DeleteI am not holding over the weekend
ReplyDeleteVIX consolidation is almost complete.
ReplyDeleteThats a good thing
DeleteSC - Are you expecting VIX to spike to 50 into October 15th?
DeleteSC - SPX/VIX both up today - VIX getting ready to breakout soon?
Deletefor those who keep an open mind on anything astro this may interest, for those who think its rubbish maybe wait for the new moon on oct 16https://www.jessicaadams.com/2020/01/26/how-october-2020-brings-donald-down/
ReplyDeletethanks, Brian! I used to be skeptical re astrology, but I've seen it work too many times to discount it as rubbish, especially since discovering and studying and using Hindu Astrology, also known as Jyotish. I've also seen that Western astrology works, but it seems to be more dependent on the abilities--even intuition--of the astrologer. It will be interesting to see unfolds this month especially around the new moon. Good luck in the markets!
DeleteI have yet to read anything in the last 10 years regarding astrology to the markets that panned out....
Deletecomplete waste of time in my opinion...
SC, what do you mean about vix consolidation?
ReplyDeleteThe vix is going to 120 or 17?
SC
ReplyDeleteVIX consolidation is almost complete.
Please Clarify?
Above 3393 will bring 3415
ReplyDeleteAre you thinking to short $SPY at this level?
DeleteSC
ReplyDeleteVIX consolidation is almost complete.
Please Clarify?
In UVXY at 20.12
ReplyDeletewill add some more in 19.90s
ReplyDeleteI’m still holding tqqq, my avg 127.3
ReplyDeleteI think we can see 135-138
Hello Everyone. I have next turning date as 8th of October (by the looks of it can be local high, ES needs to continue closing daily above 3377).
ReplyDeleteLooks like 3420 to 3440 is coming
ReplyDeleteThen down to 3297 looks right to me
SC
ReplyDeleteVIX consolidation is almost complete.
Please Clarify?
Shorted tqqq at 133.20
ReplyDeleteBought back 132.20
ReplyDeleteDXY and VIX about to give the markets a shock?
ReplyDeleteWhat do u mean?
DeleteDXY forming a round base - retesting neckline now...could get a deflationary shock if it rallies. VIX now up 3 days in a row with SPX...
DeleteShorted tqqq 133.50
ReplyDeleterob,
ReplyDeletedoes that mean UVXY will go higher or lower???
Should mean UVXY higher...rates turning higher as well. Could be multiple factors causing SPX to selloff soon once this rally is over.
Deletehttps://northmantrader.com/2020/09/17/vix-uprising/
ReplyDeleteThis is in line with what SC is saying...
DX/VIX ripping higher...Trump says no stimulus plan until after the election...this could be the reversal...
DeleteGold could get hammered if the DX rallies here..
DeleteI’m out of tqqq 131.83. Will start adding sqqq in blocks.
ReplyDeleteI’m in sqqq 23.38 1 block
DeleteUV XY does not make sense can anybody make sense of this piece of garbage let me know
DeleteNo strong VIX trend either way equals certain UVXY decay
Deletesc,
ReplyDeleteis he on vacation???
Bought more sqqq @23.00
ReplyDeleteBang
ReplyDeleteUvxy is the biggest piece of shit
ReplyDeleteDon't go nowhere
sc,
ReplyDeleteis he on vacation???
Bought back half of tqqq short
ReplyDelete3369 3389 3410 upside downside 3335 3316
ReplyDelete3297 i doubt we go lower than 3280
These are the numbers approximately
A break below 3280 would bring
ReplyDelete3200 3180
To confirm the downside we need to close lower
ReplyDeleteShorted tqqq 130.20
ReplyDeleteShorted more at 131
ReplyDeletesc,
ReplyDeleteVix consolidation --any thoughts
when it will be completed????
SPX chart is starting to look like reverse head and shoulders
ReplyDeleteJeff Huge has a big following ,ultimate low of 1740 snp ,....crickey. https://www.youtube.com/watch?v=OIphKOX_D-w
ReplyDeleteNo way 1700 this guy smoking somethin
DeleteIt's showtime! Ya gotta love this!!!
ReplyDeleteSc - are you buying uvxy here?
DeleteUvxy is a pig
DeleteSc - just curious what are you waiting for?
DeleteI like showtime, I hope they’re playing my favorite movie. The Big Short!
DeleteHahahaha
DeleteYou gonna love it!
Deletewhat does that mean?????
ReplyDeleteWe're getting ready for the show...
Deleteif you can't be clear just don't say things like,,, be ready for the show, you gonna love it,,,it's show time,,,please
DeleteLet me explain.
DeletePlease do SC, the market action as of late has not been nice, so if it can help make more sense.
DeleteSC - is the VIX 50 still the target into the election?
DeleteSit and watch shorted more tqqq 136
ReplyDeleteSo how high we going in spx
ReplyDelete3480 These Irregular Tops do not end well
DeleteThanks louis
ReplyDeleteIm thinking a drop first maybe 3340
ReplyDeleteThen up or we could go straight up
@WallStJesus 18m
ReplyDeleteSWEEPERS DO SOME SHOPPING IN $UVXY CALLS TODAY, PREPARATION FOR AN ELECTION DEBACLE ..
You notice everything is embarrassing for United States as if a black cloud is hanging overhead. Whether it be the debate between Trump and Biden, the fly on Pence's head or the orange fruit mask Pelosi is wearing.
ReplyDeleteYes it is a show, a spectacle.
It will, of course, go too far and this will become important later.
DeleteLow and behold our oil stock position GUSH is in the green.
ReplyDeleteSC whats your buy price target for uvxy?
ReplyDeleteI think SC mentioned a uvxy target of $10 a few days ago.
ReplyDeleteThat too but later I think
Delete$13 is a lucky number for UVXY
ReplyDeletesc,
ReplyDeletethis short term projection?
less than 30 days!
Yes
DeleteSC, are you still expecting VIX 50 before the election?
ReplyDeleteFirst we need to see UVXY bottom. Then we will see about timing. It is coming.
DeleteSC what would be the upside target after 13? 25ish?
ReplyDeleteYes, no more than $28
DeleteDow is heading to new highs....vagueness in all your predictions is because your guess is as good as anybody
ReplyDeleteyou need to check yourself before you wreck yourself.....
what ever happened to be carefull
ReplyDeleteBelieve me I see exactly what is about to happen. The charts are ready and will be posted. These moves are extremely profitable. Including the elephant in the room.
ReplyDeleteGreat, allways look forward SC, hopefully not too much more of a wait.
DeleteWhos the elephant lol
ReplyDeleteShorted more 137.81
New charts posted!
ReplyDelete