The SPX rally which began in October has nearly exhausted. The most important event this month is the World Economic Forum in Davos, Switzerland which takes place next week.
SC - Are you just expecting a 10% correction to around 3,000 SPX with the resumption of the uptrend to continue after and SVXY still going to 80 in April?
We have the big guns reporting earnings next week - Apple, FB, GOOG, etc. A top will probably come after that coinciding with the Fed Meeting. I think a mini correction/Down 5-10% into early Feb.
I guess you already answered the question about $10 above, $10 or lower. I’m trying to wrap my head around your comment about SVXY possible going to $85 and at what point are you looking at going long or short. With the big 5 reporting in the next week or so, QE/REPOS, it would be easy to get burned here.
Just as I had warned the bears that the breakout in October was real, I now warn the bulls that the SPX rally is practically exhausted.
ReplyDeleteSC; I do not understand, why in the first place you bought TVIX at $46.XX when market was in rally mode...
ReplyDeleteWe've only just begun to build. The targets SVXY $70 and UVXY $10 have nearly been reached. So planning to take bearish positions soon.
DeleteI haven't posted the bearish charts yet but they are coming soon.
SC - are you expecting the majority of the selling to begin next week after the turn this week?
DeleteSC - Are you just expecting a 10% correction to around 3,000 SPX with the resumption of the uptrend to continue after and SVXY still going to 80 in April?
DeleteIt's still early at this point. I expect SVXY to continue to rise but it will be a lot choppier.
DeleteShirt svxy at 69.30
ReplyDeleteyou have alot of gaps that have to be filled dec5th 3103 dec 19th 3192 jan 15 3298 all gaps will be filled eventually question is when?
DeleteShort
ReplyDeletegxbt up 800 and gbtc dont even move
ReplyDeleteNothing shocking in the short and medium term. Lucky if S&P 3265 even happens. Small caps RUT will touch 1742 high of course.
ReplyDeleteS&P 3387 will happen with Dow 30000.
ReplyDeleteThis month?
Deleteyou have made some exceptional calls over last 2 years....I had 3500 but so let it be written so let be careful said....
Deletebought more tvix at 38 .90
ReplyDeleteIm looking for smack down 3260 then a rip up to 3420
ReplyDeleteSc I sold tvix that I bought the other day
ReplyDeleteAt 40 how low could we go on tvix 36 to 37?
SVXY has effectively reached it's first target of $70. We do have the higher target of $85 which remains valid.
DeleteTVIX can go a lot lower but we will pick and choose our spots along the way.
DeleteThanks i appreciate your comment
Deletehttp://vixcentral.com
ReplyDeleteThe VIX futures curve has normalized!! This means that VIX spikes will translate into strong performance in VIX futures ETF's going forward!
sc are you buying more or are you waiting for 37 38
DeleteNo, I'm still waiting.
DeleteDo you think $10 UVXY is still coming or is this as low as it is going to get?
ReplyDeleteIt is coming and probably more.
Deletesc i domt understand what you mean by more its coming
Delete$10 and under UVXY.
DeleteWe saw the turn at Davos. The timing was accurate, but I don't expect this is the "big one" just yet.
ReplyDelete10 UVXY how far off SC?
ReplyDeletesc do you plan on holding tvix or your gonna dump it?
ReplyDeleteWe have the big guns reporting earnings next week - Apple, FB, GOOG, etc. A top will probably come after that coinciding with the Fed Meeting. I think a mini correction/Down 5-10% into early Feb.
ReplyDeleteHi SC,
ReplyDeleteAre you looking for a date or is it all about price action? Is SVXY at $70, still a buy UVXY at $10?
Thank you for all of market guidance!
I guess you already answered the question about $10 above, $10 or lower. I’m trying to wrap my head around your comment about SVXY possible going to $85 and at what point are you looking at going long or short. With the big 5 reporting in the next week or so, QE/REPOS, it would be easy to get burned here.
ReplyDeleteUVXY larger pop from the $10.
ReplyDeleteSVXY looks determined to hit $70 before it drops.
ReplyDeleteDon't worry people.
ReplyDeleteOnly 33 million in China quarantined with a rapidly spreading snake virus. Not a reason for emergency according to the WHO.
Keep travelling, spending money and buying your favorite overpriced stocks!
Lol are u still looking for 10 uvxy and 37 tvix ??
DeleteYes
DeleteNew chart posted!
ReplyDelete