Wednesday, December 30, 2020
Thursday, December 10, 2020
Monday, December 7, 2020
Friday, December 4, 2020
Thursday, November 26, 2020
Sunday, November 15, 2020
Friday, November 13, 2020
Sunday, November 8, 2020
Tuesday, November 3, 2020
Tuesday, October 27, 2020
Friday, October 9, 2020
Thursday, October 1, 2020
The Dow has been an embarrassment for the United States. Unlike SPX, the Dow hasn't made a new high yet.
The index was performing poorly and so to try and juice the performance the Dow committee simply changed the composition of the index.
The Dow is price weighted in contrast to SPX which is market cap weighted. So of course what they did in their effort to juice the index was choose high price stocks to add.
Sunday, September 20, 2020
Friday, September 18, 2020
VIX was up in August and is now up again in September on Monthly chart. Two months in a row!
The perfect storm is brewing and it is coming this month. SPX has failed at 3,350 and the 50 dma has crumbled.
Hurricanes and wildfires are ravaging both coasts with another hurricane due next week. Conditions are ripe for volatility.
Monday, September 14, 2020
Friday, September 11, 2020
Kodak was awarded a major government loan to produce ingredients for pharmaceuticals, however, the company is under investigation currently. As a result the shares have been in turmoil.
The stock may have reached a better balance. The selling looks flat. May see some higher highs and lows next.
Monday, September 7, 2020
Monday, August 24, 2020
Tuesday, August 18, 2020
Saturday, August 8, 2020
SVXY has formed a flag. The pattern is nearing maturity.
Once the pattern completes this Fall, it is extremely bearish for SVXY. All markets are increasingly volatile.
Volatility has entered into mega bull market.
Mega Bull Volatility
Wednesday, August 5, 2020
Sunday, July 26, 2020
Monday, July 20, 2020
Thursday, July 9, 2020
Friday, June 26, 2020
The reopening trade in SPX has already taken it's course, that optimism shifted into Oil, and now in the last phase speculative stock such as Carnival.
The stock is trading near orange channel support.
Tuesday, June 23, 2020
Thursday, June 11, 2020
Then SPX likely to be choppy for several weeks as it consolidates for the next run.
Timing is suggesting heating up in later June, and into July 4th and July 15th then selloff into August 7th.
Tuesday, June 9, 2020
Friday, May 22, 2020
Thursday, May 14, 2020
Tuesday, April 21, 2020
Wednesday, April 15, 2020
Production cuts have been made. The cuts are supportive enough to see a short term pop in Crude Oil, and a bullish chart pattern has formed.
UCO has an Inverse Head and Shoulders.
SCO has clear wedge.
Thursday, April 2, 2020
Once the middle support is tested a rise in volatility is expected. TVIX, UVXY, and VXX are consolidating currently.
2 Day Chart
UVXY has been in a declining channel for several years, and is likely to transition into a rising trend.
2 Day Chart
Friday, March 27, 2020
Friday, March 20, 2020
The 50 weekly moving average is at $146, and should provide support next week. TVIX should hold over that in the $250 level.
SVXY finally broke out of a relentless downtrend.
Tuesday, March 17, 2020
Monday, March 16, 2020
This is a volatility event. VIX is testing near the 2008 high.
SPX is holding quite well compared to 2008. While fast, this drop for SPX is mild in terms of percentage in a bear market relative to 2008.
The monthly chart shows long term levels of VIX support and resistance.