VXX - Testing Panic Gap

VXX is testing the panic gap from February. It probably will be a fast dip when it fills. Interestingly the trendline trajectory is lining up with the Inauguration January 20th. Daily

$SPX - Comparison to 2016

SPX is mimicking 2016. Both years saw lows around March, with June and September corrections, and rally after the Elections. In 2016 there was selling in later December and then a larger selloff March and April. 2 hour chart

KODK - MAGA Money!

Kodak is on the move, and it happened on the December 7th turn date. Price is consolidating currently working off overbought conditions on the daily chart. Weekly chart looks very impressive with golden cross and aggressively rising slope on the weekly 50 moving average. Let's see the breakout!

SVXY - Lights, Camera....Action

There is going to be action in volatility coming soon, and it is time to watch this closely. The fact SVXY has recovered so little (half it's losses) compared to SPX confirms that Volatility remains king. Daily

$VIX/VXO - Trending Up for 3 Years!

VIX is testing under the orange again, and may fill the gap at 18 soon. Also below is a long term trendline. Weekly

KODK - MAGA Trending

As anticipated the MAGA is beginning to trend in the United States. It is due to the classic demise we have witnessed this year; the political and socioeconomic collapse. Weekly

$SPX - Levels of Support and Resistance

SPX was rejected at the upper fork resistance. SPX is finding some support at the white. SPX may muddle through November and some optimisim into Thanksgiving. Daily

VXX / UVXY / VIX - Volatility - Two Presidents Diametrically Opposite

With 2 Presidents heading in diametrically opposite directions, tensions are building for volatility. In recent years the market turns tend to occur near holidays, and this is because it is such a highly emotional market. The next holiday is Thanksgiving, and that is when the turn is anticipated to occur. Daily

$SPX - Mid-resistance

SPX bounced at the lower symmetrical triangle support. The triangle was a fitting pattern going into the Election. However, now SPX has traded to mid-resistance. Daily

KODK - Make America Great Again!

If there ever was a "Make America Great Again" trade it is Kodak. The stock has been consolidating for another run. The Weekly chart is incredibly strong. Spike soon! Weekly

SVXY - Canary in the Coalmine

SVXY is incredibly weak and has still not made a higher high from June!  SVXY is the canary and it is singing loudly now.

Yes SVXY is finally ready to make a higher high and when it does...

Daily

60min Chart

$INDU - National Embarrassment

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.  

Daily

$SPX - Middle Support Breached

SPX has breached middle support and closed under on Friday.

Expect lower prices.  Higher volatility will be seen during the re-election period.  Many of the moves will be very sharp.

2 hour Chart

$VIX - Perfect Storm!

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.   

Monthly Chart

UVXY - Awakening

UVXY has consistently made lower highs and lower lows.

The first step to awaken would be a higher high.  It may be ready to see just that.

Daily

KODK - Starting to Flatten

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.  

60min Chart

$SPX - Big Picture Update

In the big picture SPX is ramping up and has pushed out above.

However, as SPX pushes higher volatility is also increasing.  In March we witnessed the largest point drop in history. 

Quarterly

Direct hit for SPX!

Daily

CCL - Inverse Head and Shoulders

Here we have a nice example of an inverse head and shoulders bottoming pattern.

Price bottomed right at the August 7th turn date.  Breakout soon!

60min Chart

$SPX - At Resistance

SPX has reached resistance as expected.

Price has overthrown the blue approximately the same amount as the undercut in March.  It probably is not ready for a large decline yet, but it will have some difficulty here at least.

Daily

SVXY - Flag Formation Reaching Maturity

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.

Daily

Mega Bull Volatility

Monthly

CCL - Carnival Stock it Floats

Cruiseships are one of the last remaining reopening trades.  The trade is set to benefit greatly as schools get ready to reopen into September.

It looks excellent for a turn now with a reversal on the weekly bar.

Daily Chart

$SPX - Level of Resistance

SPX is near resistance and is having difficulty with the overhead gap.

Momentum will likely burn off next for some time.  Let's watch as SPX interacts with resistance just above.

Daily Chart

UVXY - Approaching Important Time and Price

Volatility has been subdued, but is quickly approaching an important level.  Volatility will expand into August.

UVXY should be ready by week's end.

Daily Chart

GUSH - Oil Stock Head and Shoulders

A head and shoulders pattern has formed in Oil stock etf GUSH.

Price is trading at the neckline.  Therefore, a bounce may occur next.

60min Chart

CCL - Carnival Stock to Pop

Carnival stock may see strength into July.  It is one of the last reopening trades left. 

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. 

Daily

UVXY - Mean Reversion

UVXY is approaching support soon. 

This is a good example of mean reversion and UVXY is likely to revert to the mean once again.

60min Chart

$SPX - Summer Targets and Timing

SPX plunged off the June 9th turn date.  However, with June 12th turn date tomorrow a low is due.  Monday may be the best day for a low.

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.

Daily

TVIX - Price and Time

TVIX hit support exactly and climbed.  The price spiked on the turn date of June 9th.

It moves with precision price and timing.

30min Chart

$VIX - Gap Support

Markets are heading into a holiday week.  Typically this means quiet markets.

SPX is very weak, but also trading in a tight range.  VIX has orange rectangle support at 24 and a large gap at 22 which may be tested.

Daily Chart

TVIX - Get Ready!

TVIX has been consolidating and appears to be getting ready for another Volatility spike.  TVIX should fall next week to test the main support.

Price and Time have come together this month of May.

Daily

30min Chart

$SPX - April Timing

SPX made a high at April 14th turn date.  A fractional higher high shortly thereafter was seen, and then SPX declined.  The next low due April 23rd.

There are a number of dates to watch for April and May.

60min Chart

Oil - UCO - Oil Bullish Pattern Forming

Oil is near the $18 support.

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.

15min

SCO has clear wedge.

15min

$VIX - Support Soon

VIX nears the middle support, and is anticipated to reach that level soon.

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

$SPX - Large Scale

SPX tried and failed to breakout above resistance.  Price hit major support exactly and bounced this week.

Down pressure remains this year.

Quarterly

TVIX - Meltdown Underway

TVIX made a parabolic rise, and started to meltdown yesterday.

The 50 weekly moving average is at $146, and should provide support next week.  TVIX should hold over that in the $250 level. 

60min Chart

SVXY finally broke out of a relentless downtrend.

60min Chart

$SPX - March and April Timing and Targets

This week and next week could see positive performance in SPX with a relief rally.

The blue mid-resistance is the initial target.  After that level is reached SPX may slide down into May.

2 hour Chart

$VIX - Peak Panic

VIX may be running out of room to advance in this panic.

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.

Monthly Chart