Finding the edge in analyzing unique market Cycles.
Sc this type of chart and timeline is helpful thanks
You are welcome!
SPX is finally low enough and with enough perks that it'll float higher. Fed is "All In".
What will target for upro
UPRO initial target $38.
Next two weeks!“Americans need cash now,” Mnuchin said during a White House press briefing on the administration’s latest efforts to combat the disease. “I mean now in the next two weeks.”
Bought UPRO $27.00.
Good call, SC. Pattern looks strong.That area on UPRO at 38ish is the same as on SPX where I have an estimate for below the 50% retracement which failed previously.
Nothing sticks, this market is for Dog's breakfast..
TVIX and VIX strength is crazy
VIX / TVIX held up really strong throughout the day. If they dont open low tomorrow, do you think this UPRO target should be reconsidered?
After hours trading looks dangerous for Bulls for tomorrow..like I said nothing sticks, no matter what FED do..we are keep going down
Self Isolation. Radioparadise.com makes it easier. Commercial free. A fan since 2003
Media needs to go it's about time
Svxy holding up
the final line I had for TVIX was around 840.
well... that got blown out of the water. I think I am sitting out for a while.
Bamm just like that 10000 shares at 43 Would be worth 8 million go figure lol This whole thing feels like the biggest scam I've ever seen in my life how much money did these Wall Street people make on the short side we gotta find that who made that money pretty soon
Oil near target.SCMarch 8, 2020 at 9:46 PM"Oil crash. Support $18"
Would you use USO to buy oil?
There's a number of ETFs that can be used. I'm interested and doing analysis. I don't think there is any rush. Will let you know. I'll post some charts soon.
SC - thanks - will be looking to buy oil around $18...perhaps that will align with our SPX bottom in April/May?
The mother of all rallies is coming. It may take a week of chop to stabilize first. A 500 point up day would not be a surprise under the circumstances.
VIX doing nothing today. What happened today was the VIX futures rolled.
Natgas is looking interesting as well.Possibly down to about 1.30?
Sounds about right.
NUGT was nice couple days.
Sure was, missed that. See where it opens tomorrow
SC,When you say "A 500 point up day would not be a surprise" do you mean 500 points on the S&P 500? That would be incredible if so. That would equate to around 20% in one day. That's hard to imagine but then again all of what has been happening these past 2 weeks has been unimaginable.
Yes, chop first, but we are getting close to a powerful rally. It's going to be explosive.
Another week maybe of whipsaws first.
By the way, what is everyone buying right now? I'm loading up with shares of LABU.
Upro svxy shorting uvxy
Interesting idea Ken, thank you. A lot of vaccine money floating around...
I'm shocked Kabul didnt jump yet
Thanx for labu up nicely
Watching the airlines too. They remind me of bank stocks in 2008, 2009.Boeing needs to be restructured or go through bankruptcy.Some airlines are bankrupt but some are good. We're going to separate the wheat from the chaff in coming months. When the time is right, and at lower prices a great trade is coming there. I remember waiting and waiting for the right moment. In 2009 I bought Bank of America for $2.24. Citi for $1.05.
What is the difference between UPRO and SPXL to us?
Both essentially the same. Either one is fine.
Futures went limit up, and with that we have confirmed the chart!
New charts posted!