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Monday, November 23, 2015

UVXY - Short Term Update

UVXY did spike, has subsequently cooled off, and is currently testing trendline support.  Another spike looks possible in the short term.

It looks interesting for a move prior to November month-end.

30min Chart
Posted by at

51 comments:

  1. SCNovember 23, 2015 at 9:13 AM

    Bought UVXY at $27.15.

    ReplyDelete
    Replies
    1. AnonymousNovember 23, 2015 at 9:49 AM

      Good move, you did better than I did. 27.18 and 27.28 Waiting for one more buy if we retest the lows. Good luck

      Delete
    2. SCNovember 23, 2015 at 9:55 AM

      Thank you, all the best!

      Delete
  2. SCNovember 23, 2015 at 9:19 AM

    Target around $36.

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    Replies
    1. louis lombardiNovember 23, 2015 at 9:34 AM

      what would be your time frame

      Delete
    2. AnonymousNovember 23, 2015 at 9:50 AM

      LOL, nothing personal but I hope you are wrong. I was looking for 38 - 42 myself.

      Delete
  3. SCNovember 23, 2015 at 9:41 AM

    This week looks interesting for the market to dip.

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    Replies
    1. louis lombardiNovember 23, 2015 at 9:50 AM

      thanx brother

      Delete
    2. AnonymousNovember 23, 2015 at 10:17 AM

      Louis, I was not ignoring you. I posted my reply to you on the other posting. Good luck

      Delete
  4. AnonymousNovember 23, 2015 at 10:11 AM

    Last batch, 27.08 I always scale in and out a third at a time. Good luck every one. This is not a day swing.

    ReplyDelete
  5. Be CarefulNovember 23, 2015 at 12:50 PM

    Pullback complete. Couldn't even officially fill the gap 2081.24. Too many buyers waiting to get in at 2076-2081.

    ReplyDelete
  6. rotrotNovember 23, 2015 at 1:17 PM

    SPX daily..."Lower highs remains the trend for now"

    https://northmantrader.files.wordpress.com/2014/04/spx54.png

    ReplyDelete
  7. rotrotNovember 23, 2015 at 3:29 PM

    the chart indicates that a top has been forming during the last year...DISTRIBUTION...��

    ReplyDelete
  8. SCNovember 24, 2015 at 7:04 AM

    Here's the plunge. SPX failed at 2100. Let's see how far it drops.

    SC November 20, 2015 at 6:33 AM

    "2100, market plunge likely Monday/Tues."

    ReplyDelete
  9. sun_shineNovember 24, 2015 at 7:17 AM

    SC, in your opinion, after any pull back today, does the market continue to climb into the end of month?

    ReplyDelete
    Replies
    1. SCNovember 24, 2015 at 8:07 AM

      I think the market can see lower, but December looks relatively positive.

      Delete
    2. louis lombardiNovember 24, 2015 at 9:03 AM

      sc is your target still 36 on uvxy

      Delete
    3. SCNovember 24, 2015 at 9:47 AM

      We'll see. Might only see $32...

      Delete
    4. louis lombardiNovember 25, 2015 at 9:23 AM

      how low could uvxy go

      Delete
  10. AnonymousNovember 24, 2015 at 8:04 AM

    A bird in the hand is worth two in the bush. Discipline trading trading # 101 (For My Self) Selling one third of my three batches from yesterday. I am going to use that for swing trading today. Good luck to all who bought yesterday.

    ReplyDelete
    Replies
    1. AnonymousNovember 24, 2015 at 10:40 AM

      I am looking for double bounce bounce off of the vix 15.50 to go back into a full position with UVXY after selling out one third early this morning at 29.27 Good luck every one.

      Delete
    2. louis lombardiNovember 24, 2015 at 10:49 AM

      i should of sold with ya and bought back

      Delete
  11. AnonymousNovember 24, 2015 at 11:42 AM

    I learned the hard way 20 years ago trading ago. Buy and sell batches. Bears and Bulls make money, PIGS LOSE OUT. Best of luck to you. I may have to wait until early next week to unload these UVXY and go long with other instruments.

    ReplyDelete
  12. AnonymousNovember 25, 2015 at 9:07 AM

    WoW, market is pretty flat with no volume.Difficult to so any swing trades today In the past, I would never short a dull market. But unfortunately we have some political problems over seas. I will maintain my UVXY for now for some kind of POP friday - Tuesday. Good luck every one.

    ReplyDelete
  13. louis lombardiNovember 25, 2015 at 11:43 AM

    does anybody now if its wise to average in on uvxy here

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    Replies
    1. AnonymousNovember 25, 2015 at 12:53 PM

      Hi Louis, that is a personal decision that only you can make. I feel comfortable at the moment to wait it out for a pop into friday thru next week. My average cost on the UVXY is in the low 27.00 so I am okay for now. All the best to you.

      Delete
    2. AnonymousNovember 25, 2015 at 2:53 PM

      Louis, we have a bradely turn date tomorrow. It is usually off by a few days, but yet looks encouraging for those holding UVXY. This seems to line up with my other turn dates very nicely. All the best.

      Delete
    3. louis lombardiNovember 26, 2015 at 6:16 AM

      i own about 27.50 as well best of luck and happy thanks giving
      to all

      Delete
  14. AnonymousNovember 26, 2015 at 12:50 PM



    #BlackFriday has been red 5 of the past 6 years. The good news? Rest of year up 5 of 6 times with >+3% avg return. $SPY

    ReplyDelete
  15. louis lombardiNovember 27, 2015 at 7:21 AM

    sc is uvxy target still 32

    ReplyDelete
  16. louis lombardiNovember 27, 2015 at 7:45 AM

    bullish declining wedge forming on uvxy that is bullish

    ReplyDelete
    Replies
    1. AnonymousNovember 27, 2015 at 10:08 AM

      Over the last year, S&P 500 has failed 14 times at or near the 2120
      level. That will be the level to watch. Best of Luck

      Delete
    2. louis lombardiNovember 30, 2015 at 9:00 AM

      mike you still holding uvxy

      Delete
  17. UnknownNovember 28, 2015 at 11:14 AM

    Monday may be down but Christmas rally is coming - may break out to new highs. This has either been a long topping process or a pause before exploding higher. Be open to either possibility

    ReplyDelete
  18. UnknownNovember 28, 2015 at 10:14 PM

    Have you all also noticed the same patterns in the S&P500 (3,4,5, Lower Low) and the DAX (ABC down), weekly chart.
    Weekly chart says both markets up into end of year, new corrective wave into summer 2016.

    http://tripstrading.com/2015/11/28/how-to-play-the-short-and-medium-term/

    ReplyDelete
  19. rotrotNovember 29, 2015 at 11:07 AM

    SPX monthly...stochastic tells the tale...during bear markets surprises are to the downside...

    (https://twitter.com/allerotrot/status/671041489452052480?s=17)

    ReplyDelete
  20. rotrotNovember 29, 2015 at 12:34 PM

    SPX daily...a drop below 2048 could signal serious trouble for the stock market...

    https://twitter.com/allerotrot/status/671062422342512641?s=17

    ReplyDelete
  21. EcommerceNovember 30, 2015 at 7:48 AM

    Hi SC, any thoughts going into December... are you still looking for UVXY to goto $32. thanks so much for your analysis.

    ReplyDelete
  22. louis lombardiNovember 30, 2015 at 8:24 AM

    sc do we still have target above 30 on uvxy

    ReplyDelete
  23. AnonymousNovember 30, 2015 at 9:39 AM

    WOW, Vix up over 8% UVXY basically flat ? Some thing is up. It should be interesting tuesday - Wed. I am still expecting a good size pop. Good Luck to all.

    ReplyDelete
    Replies
    1. louis lombardiNovember 30, 2015 at 10:35 AM

      so would you sell uvxy here

      Delete
    2. AnonymousNovember 30, 2015 at 12:44 PM

      NO, I am keeping UVXY. and playing some swing trades with my third position that I sold out last week with.

      Delete
  24. rotrotNovember 30, 2015 at 11:30 AM

    Milton Berg: Commodities May Sink 20% or More - November 30, 2015

    http://www.bloomberg.com/news/videos/2015-11-30/milton-berg-commodities-may-sink-20-or-more

    ReplyDelete
  25. rotrotNovember 30, 2015 at 1:02 PM

    VIX...interesting chart...

    https://twitter.com/Mella_TA/status/671432927423631360

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  26. UnknownDecember 1, 2015 at 9:31 AM

    I assume you are stopped out. Do you see another uvxy entry spot this week?

    ReplyDelete
  27. louis lombardiDecember 1, 2015 at 9:41 AM

    hi sc are we still on target for 32 on uvxy thanks for your help

    ReplyDelete
  28. SCDecember 1, 2015 at 10:27 AM

    New analysis posted!

    ReplyDelete

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