"With the market’s steep selloff on Monday — marking its fifth straight day of declines amid fears of the economic impact from the coronavirus —the closely watched Hindenburg Omen was activated on the S&P 500, points out strategists at Sundial Capital Research."
"Chinese health officials said confirmed 1,459 new cases and 26 additional deaths (25 in Hubei and 1 in Henan). Those figures bring the total cases to 5,974 confirmed cases, with 132 deaths and 103 cured, according to the National Health Commission."
SC: I'm not sure I understand correctly.Are you waiting for an S&P500 rebound until February 4th and then seeing a collapse or do you think it will collapse until February 4th starting from today?
I meant to say yesterday that I shorted TVIX at 45 and 54 for some strange reason the phone has a mind of its own I also said you don't think it goes to 45 covering that gap
Bought TVIX $48.25.
ReplyDeleteIt wouldn't surprise to see TVIX test today's opening gap at $52 firstly.
ReplyDeleteHindenburg Omen apparently has triggered:
ReplyDelete"With the market’s steep selloff on Monday — marking its fifth straight day of declines amid fears of the economic impact from the coronavirus —the closely watched Hindenburg Omen was activated on the S&P 500, points out strategists at Sundial Capital Research."
I am not sure that makes sense You don't think TVIX test 45 tomorrow I sure that this piece of crack at 45 and 54
ReplyDeleteCouple things. Notice SPX did fill it's gap. TVIX is holding quite well today - gap still open. VIX daily looks strong...
ReplyDeleteBoeing earnings tomorrow before the open.
ReplyDelete"White House tells airlines it may suspend all China-US flights amid coronavirus outbreak"
ReplyDelete"Chinese health officials said confirmed 1,459 new cases and 26 additional deaths (25 in Hubei and 1 in Henan). Those figures bring the total cases to 5,974 confirmed cases, with 132 deaths and 103 cured, according to the National Health Commission."
ReplyDeleteAre you planning on holding your position till Feb 4?
ReplyDeleteSC: I'm not sure I understand correctly.Are you waiting for an S&P500 rebound until February 4th and then seeing a collapse or do you think it will collapse until February 4th starting from today?
ReplyDeletemany thanks
I meant to say yesterday that I shorted TVIX at 45 and 54 for some strange reason the phone has a mind of its own I also said you don't think it goes to 45 covering that gap
DeleteFebruary 4th is the turn date.
ReplyDeleteMost likely SPX grind higher into that date. However, it looks quite weak. SPX may see 3330.
Again, this is not really about SPX. It's about volatility. This is a volatility event...
SVXY looks very weak. Probably just sideways into February 4th and selloff. February 4th down to 7th and more in February.
I will post VIX Chart soon. February looks nasty!!!
Covered my tvix 54 short for 8 point gain
ReplyDeleteHow do you short TVIX?
ReplyDeleteYou need to get into hard to borrow program a td ameritrade you need over 100k in account
DeleteCovered the rest of my tvix short
ReplyDeleteI am gonna wait till Monday to buy TVIX
ReplyDeleteThere we go guys! Futures tanking!!
ReplyDeleteSc can u give a roadmap for spx
ReplyDeleteYes, will do.
DeleteR u expecting high on 4th and tank.
ReplyDeleteYes, I think so.
DeleteLook to take profit around the $52 TVIX and then we will be in position to reload next week for the big selling!!!
ReplyDeleteOr can just stay short. That is fine too. We know it's getting ugly...
DeleteSC,
ReplyDeleteWow! Looks like a good morning.
Great call!
Thank you
Where would you reposition after getting out at around 52 would that rentry be 45
ReplyDeletetheres your 52
ReplyDeletedumped tvix at 53
ReplyDeleteAre you looking to go long here or just sitting tight with cash and waiting for Feb 4th?
ReplyDeleteChart coming - it will explain...
ReplyDeleteNew chart posted!
ReplyDelete