Japan --dumping our treasuries to support their market --buying their own bonds --if China starts dumping our treasuries---we can back at SPX 2000--thanks Potus!
Potus with his loudspeaker attack on oil and gas producers just cost pensioners and yield players about 15% loss since he started posturing.....this guy needs to be removed along with the ho
“ Wallstreet preparing for temporary halt of all trading markets for late next week in an effort to curb mass sell-offs due to the coming economic depression. ”
and
“ Expect WW3 officially announced by end of July.”
Twitter: NYCryptoKing
——————
Absolutely no idea if this is legit or not...but best fear porn I’ve read in awhile...
Yes the low for LABU and XBI was probably in place last week but I don't expect much yet. Rattle up and down for a few weeks as it forms a bottoming pattern and then it'll run harder.
Biotech is very oversold from February 2021. Much more so than SPX.
Xbi could get to 80 very fast if it gets thru 73 area..liquidity did move in..lots of clinical fda news forthcoming..I would say get in on any weakness
“ Wallstreet preparing for temporary halt of all trading markets for late next week in an effort to curb mass sell-offs due to the coming economic depression. ”---twitter is rumor --but who knows!
GUSH compounds up in a rising market but the reverse is true in a falling market. Last week Oil stocks rolled over. GUSH up this week but down for a while.
I've been waiting for this pullback and plan to reenter Oil later in the summer.
Most believe that the rally is a bear market rally. What's the thinking regarding where (at what price) will this bear rally end? I'm thinking a first target is around 4000 ES (upper channel line of descending channel) and a possible second target of 4150 ES. And finally, are there any who believe the bottom is in and we're headed for new all time highs?
I am looking for Spx 4200 by end of month (window dressing)-I also think the highs are in to the next presidential election--we should see 4 to 6 quarters down-lets see how the inflation indicators do in July-be nimble!
Volatility ETFs are too low...
ReplyDeleteSPX has already dropped, VIX golden cross.
ReplyDeleteAre you expecting UVXY to breakout above $20?
ReplyDeleteEventually it could but we'll see. It may fill in.
DeletePositioned in UVIX which started trading only in March.
ReplyDeleteSo the plan is to use the UVXY chart $20 to time the exit in UVIX.
Last time UVXY hit $19, UVIX hit $27 so could see $30 if UVXY gets to $20
DeleteYes that's what I was thinking also. $30 to $35 UVIX.
DeleteI would much rather see VIX 85 and UVIX at $100-200
DeleteSPX I'm looking at a low in second half of July
ReplyDeleteThe move started yesterday and as typical it was a "big Fed day". This was the red herring that prevented many from trading.
ReplyDeleteNow we sit back, enjoy the ride!
ReplyDeleteSPX not even oversold on daily
ReplyDeleteit is amazing --
ReplyDeleteJapan --dumping our treasuries to support their market --buying their own bonds --if China starts dumping our treasuries---we can back at SPX 2000--thanks Potus!
ReplyDeletePotus with his loudspeaker attack on oil and gas producers just cost pensioners and yield players about 15% loss since he started posturing.....this guy needs to be removed along with the ho
DeleteVolatility just slowly perking up. That's a pretty good indication of how much complacency is in this financial system.
ReplyDelete“ Wallstreet preparing for temporary halt of all trading markets for late next week in an effort to curb mass sell-offs due to the coming economic depression. ”
ReplyDeleteand
“ Expect WW3 officially announced by end of July.”
Twitter: NYCryptoKing
——————
Absolutely no idea if this is legit or not...but best fear porn I’ve read in awhile...
SC, Any thoughts on LABU? You mentioned not too long ago you were going to comment on LABU.
ReplyDeleteYes the low for LABU and XBI was probably in place last week but I don't expect much yet. Rattle up and down for a few weeks as it forms a bottoming pattern and then it'll run harder.
DeleteBiotech is very oversold from February 2021. Much more so than SPX.
Xbi could get to 80 very fast if it gets thru 73 area..liquidity did move in..lots of clinical fda news forthcoming..I would say get in on any weakness
Delete“ Wallstreet preparing for temporary halt of all trading markets for late next week in an effort to curb mass sell-offs due to the coming economic depression. ”---twitter is rumor --but who knows!
ReplyDeleteSC, what are your thoughts on GUSH right now?
ReplyDeleteGUSH compounds up in a rising market but the reverse is true in a falling market. Last week Oil stocks rolled over. GUSH up this week but down for a while.
DeleteI've been waiting for this pullback and plan to reenter Oil later in the summer.
Volatility cooling this holiday week. It'll be back next week. UVIX last week was trading in the upper gap. Now this week it'll trade in the lower.
ReplyDeleteVolatility is in a rising trend. It is preparing to spike in coming weeks.
Volatility expanding. Plan to load up Friday.
ReplyDeleteHow high do you expect VIX to spike?
ReplyDeleteDo you think UVIX will fill the gap at $15.87 first?
UVXY at least test the gap, UVIX is more leveraged and possibly fill
DeleteVIX is warming up at this stage, not major just yet.
DeleteBiotech showing strength!
ReplyDeleteenjoying LABU from 4.20...
ReplyDelete81 XBI first target
Proshares first short crypto fund BITI
BITI -- good one!
DeleteMost believe that the rally is a bear market rally. What's the thinking regarding where (at what price) will this bear rally end? I'm thinking a first target is around 4000 ES (upper channel line of descending channel) and a possible second target of 4150 ES. And finally, are there any who believe the bottom is in and we're headed for new all time highs?
ReplyDeleteI agree
DeleteI am looking for Spx 4200 by end of month (window dressing)-I also think the highs are in to the next presidential election--we should see 4 to 6 quarters down-lets see how the inflation indicators do in July-be nimble!
ReplyDeleteSC,
ReplyDeleteDid you load up with UVXY/UVIX last Friday?
No I didn't. Although UVIX did come down last week to test the gap as expected, it doesn't look ready yet.
DeleteVolatility charts look good, but I think the next window for Volatility is coming soon late July.
New chart posted!
ReplyDelete