Finding the edge in analyzing unique market Cycles.
DRIP trading around the mid support. It will likely bounce and meet up with the 50 day average this month.
I might enter some DRIP this week but only for a scalp trade.
The Impeachment itself won't move the market much. You only get one bite at the cherry.
sc,the 50 DMA is at 35?Just so I know?
Yes the 50 day is at $35 but declining
Drip, u will buy at 18 or lower
Looking a little lower
the clearing house ---will not let me buy options on drip?
rose,yesI started at 20.50 if it goes to 30 in two weeks sell!
It seems two things going on. DRIP & UVXY at the same time and I would like to check whether I understand correctly. Next week (the inauguration week 1/20) UVXY will(hopefully) up 9.50 to 20/25, DRIP will(hopefully) up 18 to 35.Do I understand correctly?
UVXY has been quiet which normally precedes larger moves. So it looks good, but expect a quick dart down and then reversal up. There's gap at $18 that makes a good target.
VIX 18 = 3900 SPX?
DRIP be fairly cautious with because it is in declining profile. However, it will start to see some better bounces soon even though still likely to decline. Both GUSH and DRIP are another tool we can use this year at various times. I am eyeing several larger moves that will be extremely profitable but it is too early for that.
I'm still waiting on DRIP because the 50 day is declining sharply. The 50 day is at $35 but that is too high for a target because every day the average declines. When DRIP gets overextended can nibble at it.There is potential for very fast moves this year on both GUSH and DRIP which is mainly why they are interesting.Also a trading range will develop and it will channel and that is another way we can use it later.
Thank you so much for sharing your insights. I've got two more questions. 1. which one would move first, it seems UVXY though. 2. I've been watching Nat Gas (BOIL). It's been suppressed for years. 1) Usually it went up summer time and 2) usually went up after crude (crude went up a lot recently)so it's bit early but it seems BOIL is ready. I would like to ask your opinion about BOIL. Many thanks in advance.
Buy on weaknes, polar vortex and la nina might create intense squeeze with demand....just happened in europe...Contango is key for BOIL, 25wkly pushing NG above longer cycle line for first time in 19 years.....could be a great move in the widow maker....
Last July I had considered trading Natural Gas with UNG or UNG calls but never did do the trade. It would have worked, but there are many trades so have to prioritize and choose the best and timely trades. I'll keep an eye on BOIL and nat gas.
Thank you for your reply. Yes, you are right. somehow NG goes up during summer time. I was expecting this summer but it might move earlier then usual. If you share your BOIL opinion along the way, it will be a great help. Thank you.
The government in Italy is about to fall, are you following? I recommend, if the President instead of the reshuffle of new ministers, sends us to the vote, the right will win and with the right in Italy, the whole of Europe will fall. Followeeee !!!
Salvini for Merkel is like Trump for Pelosi, so ... Salvini today wins hands down, the 3 right-wing allies in Italy currently have the majority of the people with them, which is why they do not make us vote despite the fact that the left is always up to arguing without doing anything good.
The Italian government has fallen, now we see the left-wing President Mattarella, who invents himself, if he sends everyone to the vote, the whole stock market in the world collapses because Merkel, the head of Europe, will not take it well and from here it will be a reaction aa chain.
Wow Buck another great call!"Italy’s former Prime Minister Matteo Renzi said two ministers from his Italia Viva party would resign, effectively triggering the government’s collapse"
That's right SC, now let's see what happens ... It could be the black swan, a situation that triggers others, a situation absolutely not foreseen or priced in Europe. Merkel did not expect this, no one told him that in Italy the left is constantly fighting over the management of the money from the Recovery Fund, 200 billion euros.
sc,if it breaks a new high here (3826) this weak ---we can get to Spx 3900lets wait and see
Your a bigshit now lol
I mean to say bigshot lol
Any thoughts Louis on where we could be headed short term? Correction first before higher?
Sp500 può arrivare a 3900-4000 di Max entro gennaio e tornare indietro dentro l'anno sui 2300 punti, senza nessun problema.
Italian if you want to translate
Translate what? From the highs according to my analysis, SP500 will lose between 1500 and 1700 points in the medium to long term, let's say 10
ten or twelve months
lou,no--you meant----big shit---but i know---you love me!I dont want to see it go much Higher!It makes No sense!
2700 at some point gaps have to be filled
willshire 5000, with the 5000 American stocks traded representing all sectors is currently at 40, it must return to 15, only from there can everything start again, the American stock market cannot go on with 5 stocks, when it rises with 5 stocks, the future is bearish.
From my point of view, what we are witnessing is a bear rally, that is a bullish rally in a market with a bearish underlying trend. The final target will be a double minimum below that of March 2020 which will close all open gaps at the bottom.
Attualmente la borsa in America è una specie di welfare, non potendo affrontare 2 crisi insieme, economica e sanitaria, si è scelto di affrontare solo quella sanitaria lasciando la finanza correre e sommergendo tutto di una liquidità infinita. Sappiamo tutti che in America anche le casalinghe o gli operai giocano in borsa,anche con pochi dollari, cosa che ad esempio non succede in Italia. Infatti la nostra borsa è ancora sotto del 50% dai max prima di Lehman brothers, nonostante i grandi rialzi di gennaio 2020. Quando cambierà il paradigma, sarà un diluvio e trovarsi un arca di Noè, sarà l'unico modo per salvarsi dalle acque.
Currently, the stock market in America is a kind of welfare, not being able to face two crises together, economic and health, we have chosen to face only the health one, leaving finance running and submerging everything with infinite liquidity. We all know that in America even housewives or workers play on the stock market, even with a few dollars, which for example does not happen in Italy. In fact, our stock market is still 50% below the max before Lehman brothers, despite the big increases in January 2020. When the paradigm changes, it will be a flood and finding a Noah's Ark will be the only way to save yourself from the waters.
Return Path and Edison Software confirmed to Wall Street Journal reporters that in the past they have allowed their employees to read "hundreds or thousands" of emails with the aim of teaching artificial intelligence algorithms how to process data on their own. "We are constantly working to check developers and their apps that integrate with Gmail before opening general access." ATTENTION, THE BIG TECH SPEAKS EVERYONE AND IF THEY WANT DATA AND MEDIA, MAYBE TO DO THE OTHERWISE, MAYBE WE ARE ALSO FLYING.
What are u writing a book
sc,any bottom on drip yet?
Unknown, thanks for sharing your insights on situation in Italy. I am putting MIB index future on my watchlist. Do not have experience with this instrument calculations, any ideas would be welcome. Currently see we have already broken the trendline via Oct 30 and Dec 21 lows, what technically can indicate deeper correction.
Please, for now there is no news, on Monday there will be the count of parliamentarians in the chamber and on Tuesday in the Senate. Renzi says that without him they will not find a new majority, there is a not remote hypothesis of an institutional government, even with the right. I don't think Europe will take it well and to make it understood, it will trigger a very large sale of our public debt. A chain reaction is possible. Hello.
sc,we look like we are getting close to a top,are you looking enter here?
This is why I mentioned and bought oil stocks back in October.
Great choice! Has been a very good trade.
Buck (a.k.a. Unknown): Many thanks for keeping us updated re Italy and Europe. Sounds like this will have a major impact on all of Europe which means it will affect global markets as well. Good luck all. It's a long weekend for us in the US with the Monday MLK holiday, so enjoy this break from the markets, US traders!
A good w.e. to you and all the participants of this blog. Let us remember that Italy is the third most important country in Europe and the one that wanted the Euro together with the Germans. As Draghi said, "Without Italy there is no European Union". I deepen by saying "Without Italy of the left that submits to Germany". Greetings
GET READY FOR THE CORECTION BOYS AND GIRLS
Sc any updates on Kodak ?
sami,Kodak at $7.50 a share ---go out 3 months on a $10 buck option --normally pops to 15 or better take profits ---worked twice for me last yearlets see if the correction starts first!you may get it under $7 bucks!
New chart posted!