Thursday, August 8, 2024
SVXY - Testing Trendline!
The Hindenburg Omen warned in May and since that time several triggers induced a panic. Volatility spiked and with VIX testing 65 this week, SVXY is testing it's long term trendline. After the panic, volatility has been subsiding this week. SVXY still is in an uptrend. Monthly
Subscribe to:
Post Comments (Atom)
This chart explains the volatility move this week.
ReplyDeleteBought USO 100 December calls for the coming oil spike...
ReplyDeleteOil inching up to 79 - Iran allegedly going to attack Israel in next 24 hours.
DeleteThank you for sharing the info, Rob.
DeleteDefinitely - agree with SC that markets should trend down and will be choppy. Energy sector/oil looks attractive due to relentless price manipulation from draining half the SPR during the Biden admin. If it breaks above 90 then it will start to get people's attention. A spike in oil to 150 will most likely have a negative impact on markets and result in another VIX spike, but unsure if/when this occurs.
DeleteAlso long TLT for a while as once recession fears set in over next few months, bond yields should decline.
DeleteBond will be a wise way to hedge.
DeleteVolatility cooling as anticipated!
ReplyDeleteTrade of the week was SVXY but not for much longer...
ReplyDeleteThank you for opening up your trade info.
DeleteTook profits on short vol trade SVXY $51.50.
ReplyDeleteThank you for sharing your trading info. May I ask the reason? There are not many signs something will happen soon, which means there is a good chance for holding SVXY, though. Plus, BTC went up 61K last night.
DeleteI'm expecting another shot of volatility soon possibly starting next week.
DeleteI'll post short term volatility chart.
DeleteVIX went from 65 last week to now 17.
ReplyDeleteSC do you think the market bottomed and we are off to new ath?
ReplyDeletesome ppl are talking about S&P 6000 by Christmas
DeleteThis was a typical spike in the VIX that came right back down. SPX dropped hard but recovered quickly. What we can expect next is at least some weakness though over the next 2 months prior to the Election. One clue is that the small caps haven't bounced well. So it may be that SPX has a low for now but we should see a decent dip anyways..
DeleteIn 2025 I'm anticipating a deeper selloff.
DeleteSmall pop for VIX. Not too interested yet. Chart is coming...
ReplyDelete"The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday."
ReplyDeleteFed has greenlight for rate cuts now, but that's already priced in? Guess will see what Powell says tmr...
DeleteHeading into 4800 SPX into October before the next bounce?
DeleteVIX up yesterday was the "tell" that indicated drop today in SPX. But no big deal yet!
ReplyDeleteMaybe a small pullback in SPX into mid-next week SC?
DeleteIt may but I'm waiting for another rip to short into.
DeleteUSD/JPY getting close to previous lows as Dollar crashes. Japan could be interesting on Sunday evening when it reopens
DeleteOil - another buying opportunity here in the low 70s SC?
ReplyDeleteYes I'm watching that too. A quick dip in Oil would be a nice opportunity!
Deletesounds crazy but buying uso calls 500 days out lol
DeleteBlack gold!!! Love it!
DeleteAlso bought a few UNG nat gas calls just bc they're cheap and if we get an energy shock soon...then should perform well
Deletewow oil getting clobbered due to recession fears - can we see 50s first before the spike SC?
DeleteMaybe, it seems a low in Oil coinciding with US Elections.
DeleteMarkets a bit soft as we head towards the Election
ReplyDeleteSeptember the worst month for stocks/gold
DeleteBought UVXY $29.40.
ReplyDeleteNew chart posted!
ReplyDelete