The Chinese market has been bid up and appears overbought. The Shanghai SSEC has traded poorly since July and looks like it will roll over soon. FXI has been having difficulty at this level for many years. FXI is overbought on daily and YANG daily is oversold. Weekly and Daily
Chinese markets have been bid up thinking that a new president would be favorable. It seems to be a myth and presents an opportunity to short Chinese markets.
ReplyDeleteThe WHO has arrived in China.
ReplyDelete"It follows the January 14 arrival of a team of WHO-led independent experts who are trying to determine the origins of coronavirus in Wuhan.
They are holding teleconferences with their Chinese counterparts while in two weeks' quarantine before starting work on the ground."
sc,
ReplyDeleteaccording to that chart you buy yang at 8-9 bucks
still room to go down!
Looking to take a starter position soon.
DeleteThe WHO will be quarantined for another week before they can mobilize.
ReplyDeleteThat may give us the opportunity to get in YANG lower.
Deletesc,
ReplyDeletestill waiting for SPX 3907 -
meanwhile UVXY ---still same area
DRIP in the 18's
YANG in the 11's
another 50 points on SPX- we should expect a 5 to 10% correction.
It should hold 3600 level!
There DRIP looking good
DeleteUVXY moving slowly. Should be ready in February
DeleteUvxy big disappointment at what price will be ur entry when vix hits 18.20?
Delete$6 to $7 UVXY
DeleteSc
ReplyDeleteDid you get out of kodak after hours yesterday ?
No, next week may be better
DeleteAround the same price level? $10 buck?
Delete$10's
Deletesc,
ReplyDeleteare you expecting more than a ten percent correction ---or a top formation?
My question is, uvxy 6-7 and Vix 18. At what level does that represent for SPX?
ReplyDeleteDoes that mean we drift up and down with uvxy until we get there? Or is it a steep move down for uvxy and up for spx?
above
ReplyDeleteSPX 4000
I think the market pulls back before Vix 18. Just my opinion though. Bitcoin failing. Big names like TSLA breaking down at market ATHs
DeleteSPX have been moving in lockstep. Sometimes though approaching tops (or bottoms) the VIX can capitulate with little movement in SPX.
ReplyDeleteFor example UVXY may see a large gap down with traders giving up on hedging. The reversal then occurs.
$20 looks to be resistance for DRIP
ReplyDeleteWhen do you plan to enter?
Deletewaiting for the vix to hit under 19
ReplyDeleteWhat about DRIP?
ReplyDeleteDRIP worked as I had thought
Delete"SCJanuary 12, 2021 at 8:17 AM
Scalp DRIP soon. $18 to $21."
I have plans later for both GUSH and DRIP
DeleteGood call on that. I took my profits today from $17.33
DeleteThanks, good trade!
DeleteToday MIB drops well -1.52%, the worst in Europe, uncovered connection between the center party that was used to ally with the government and recover the majority and the Calabrian MAFIA, so everything jumps and the government no longer knows who to ally with after exit Renzi. If it goes as I say, everything is about to collapse, the real black swan starts here. Europe does not want to give 240 billion euros to Italy with the Recovery Fund, so if everything goes wrong in politics ... do vobis .....
ReplyDeleteSC, tell us about vix and sp, what targets do you see for next weeks?
ReplyDeleteVIX 18
DeleteVery well, thanks SC...one last leg up for the equities, probably. I would give SP500 several days to confirm local bottom formation
DeleteThe situation in Italy is heating up, Matteo Renzi has declared that he is voting against and no longer abstention, a trust in a minister of justice of the current government, accused of not doing the good of justice in Italy and not making reforms. Obviously, in addition to Renzi, he will vote against all the right-wing opposition. So the government will certainly not have a majority in the senate and could fall. At that point everything goes back into the hands of the President of the Republic Mattarella, who could decide a government reshuffle, with the situation still floating, or go back to the vote. If you go back to the vote, Europe collapses, because the right is already given a majority vote in Italy given the damage that the left is doing by squandering capital for bonuses and aid without a reasonable method. The communists are the same all over the world, better to lose them than to find them.
ReplyDeleteThe black swan whirls in the air the time is ripe for the game of billiards of finance, the balls will go into the hole for programmed carom. It will not be a straight shot, but a shot that will find many sides with the same result. Ball in the hole Sp500 2200. Eb 14000. Get ready friends.
ReplyDeleteRemember that in Europe Merkel does not want winning right-wing regimes in any country of the union, they cannot tolerate that there are sides that rebel against their directives and the only ones that do so are the right-wing regimes, opposed to immigration without control and to the social rules that the left wants, such as openness to transgender people to homosexual couples, to free marriages between homosexuals, to adoptions between homosexuals, to the modification of the identity card of minors with Parent 1 and Parent 2 written on it and no longer father and mother. The Communists will bring this globalized world to complete decay. In Europe, Germany controls the public debts of the southern states, if they do not do as she wishes, they starve governments by bringing the spreads of the public debt of those countries to very high values and with very high interest payments. This is usually enough for him to command with absolute power.
ReplyDeleteFED meeting--earnings on big tech
ReplyDeleteVIX--may hit 18 this week!
sc,
ReplyDeleteHere comes February---fed meeting ----multiple tech earnings---
Trxc looking good
ReplyDeletehttps://www.businesswire.com/news/home/20200804005239/en/TransEnterix-Announces-Submission-of-General-Surgery-Expansion-in-the-US
ReplyDeleteBought GUSH $49.80
ReplyDeletesc,
ReplyDeleteThats good---- i sold drip!
what are you expecting?????
ReplyDelete