GUSH has come to test the neckline as anticipated.
SCJune 28, 2020 at 5:22 PM
"Chesapeake goes under. GUSH may be worth a look too. Big head shoulders pattern. Left shoulder and head are done. Right shoulder next. Neckline around $27."
Sc it will be nice if u can give some plan ahead of time , not last minute, so we can plan for ira , education fund, etc. Thats why we keep asking you ahead of time
Tom Denmark sell signal 9/13⁸/9 Will be triggered soon for a sell Sc you say 19 on uvxy why did you sell svxy and also time frame we could jump up in uvxy then drop?
Yes, very weak, Gold is slowly rising towards 2,000. Little action compared to other markets. It's still lower now than 2011. Compare that to SPX for example during the same time frame.
SC, you missed it and Gold is higher than 2011, its 40 points away and heading to 2100.....your answer is really not good.....very weak, its been strong this qtr......gold will see 3500 in 2 years.....I've been riding if since 1200 when you said it was going to 600.....shoot straight
Sc im expecting the market to take a hit after the 16th new recovery highs 3225 then 2950 and then a big rally into July 31 and then by Aug 20th 2700 at what point do u think Uvxy is hitting 19 or your 25 target?
I just love to help people because I get it back 10 fold you welcome brother Or sister One people don't go by their real name I don't know if there a guy or a girl I don't mean any disrespect by it though
So a good trading scenario for uvxy Will be to scale into it then hold till it pops into july 23 then short uvxy for that massive rally Then go long uvxy in beginning of August for a massive move up in uvxy because market could go down to 2700 Make sure you manage your risk properly Im thinking that would be a good money making situation
SC, what are your thoughts on uvxy? Still lower? This is the last week of the Fed $600 unemployment, earnings will be heating up, and fed buying is dwindling.
DRIP the bear etf hitting 50 dma resistance today at $6.
ReplyDeleteSC, what do you think of vix from July to end of year?
ReplyDeleteVolatility is quiet at the moment, but I have my eyes on something huge. The details will be posted.
DeleteI can tell you the largest move in 2020 is still to come...
This is wonderful :)
DeleteI expect the same, but I do not know if in August or December, these are my two dates
DeleteYou can bank on it!!!
DeleteThank you Charles. Both, this summer we can see some action, but it's too early for anything big.
DeleteIt'll occur around the time of the Election. The main event for 2020 so I do agree.
What I'm talking about is different than what people think. I'll explain it all. What is happening and why.
DeleteYes, end of year is more likey, November-December because it will be 40 week cycle low. My target in SP500 around 2200-2400 for these months
DeleteGUSH has come to test the neckline as anticipated.
ReplyDeleteSCJune 28, 2020 at 5:22 PM
"Chesapeake goes under. GUSH may be worth a look too. Big head shoulders pattern. Left shoulder and head are done. Right shoulder next. Neckline around $27."
Sc it will be nice if u can give some plan ahead of time , not last minute, so we can plan for ira , education fund, etc. Thats why we keep asking you ahead of time
ReplyDeleteCertainly. We will lay everything out properly in advance with plenty of time.
DeleteThere's a boatload of money to be made! It is all leading to this moment...
You still think ccl will pop? Are you saying this will as well on a similar schedule?
ReplyDeleteYes. Yes, it seems we have an alignment here with multiple charts and models.
DeleteSc when you say volatility is subdued are you expecting it to drop down to 25 to 28 im expecting 28 again what are your thoughts still 25 to 28?
ReplyDeleteGap at 19 to 22 for VIX to be filled before it will heat up.
DeleteVIX already tested the top of the gap 23 in June and there was a reaction. Then it spiked to 44. We should fill the gap next.
Deletethanks sc and louis
ReplyDeleteSC.
ReplyDeleteCarnival selling ships
That's OK. None of these stocks trade on their own merits.
DeleteReopening play.
Trump says no new trade deal with China.
ReplyDeleteSC, VIX has a solid support around 25 as you can see it popped from that level multiple times.
ReplyDeleteAt least 20 VIX imo
DeleteShorted tqqq at 117.70
ReplyDeleteCarnival hot hot hot!!! Breakout on the turn date!
ReplyDeleteExpect $19 next week as it heads towards the $25 target.
DeleteAny targets for uvxy guys ?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteTom Denmark sell signal 9/13⁸/9
ReplyDeleteWill be triggered soon for a sell
Sc you say 19 on uvxy why did you sell svxy and also time frame we could jump up in uvxy then drop?
What I'm trying to say is what is your time frame is that short or longer term on UV XY
DeleteFutures spiking!!! Carnival CCL $19.
ReplyDeleteHello SC. Do you still see new lows for precious metals ?
ReplyDeleteBest
Yes, very weak, Gold is slowly rising towards 2,000. Little action compared to other markets. It's still lower now than 2011. Compare that to SPX for example during the same time frame.
DeleteSC, you missed it and Gold is higher than 2011, its 40 points away and heading to 2100.....your answer is really not good.....very weak, its been strong this qtr......gold will see 3500 in 2 years.....I've been riding if since 1200 when you said it was going to 600.....shoot straight
Deletesc,
ReplyDeleteare we still expecting a low on the market or pull back on this Market this week ---the turn date I believe is the 15th???
Please advise?
This will be a very choppy week because we have turn days on July 16th then again the next day on 17th!
ReplyDeleteExpect that the market is rising but you'll probably see a dip during the week. Generally I am expecting this to rally continue for 3 to 4 weeks next.
thank you!
ReplyDeleteShorted tqqq at 123.25
ReplyDeleteShorted gdxat 39
ReplyDeleteDid you take profits or still short. I'd say cover. We'll see tomorrow
Deletegdx I meant
ReplyDeletesc
ReplyDeletedo you think the gap will be filled at SPX-2950
or will that be later in the quarter???
Tommy markets gonna get hammered
DeleteShorted tqqq at 125.50
DeleteAugust/September
DeleteDouble top
ReplyDeleteLouis do you see the UVXY going higher here this week?
ReplyDeleteI was thinking spx down into the 20th so if that happens yes in short term
DeleteUVXY is up more than SPY today = odd.
ReplyDeleteI found when this happens before... VIX shows relative strength for a while to spx's move up... soon SPX tanks hard....
DeleteYep, lots of people have 3230 as a small top, pullback coming.
DeleteCovered tqqq short117.40
ReplyDeleteOne more rally into end of day
ReplyDeleteThen down into 20th
I would imagine uvxy will drop here
ReplyDeleteshorted uvxy 32.20
ReplyDeleteShorted more uvxy 32.70
ReplyDeletelosers gave me only 1500 shares
ReplyDeleteShorted more uvxy 33.95
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteOut of uvxy premarket I'm gonna wait to much confusion
ReplyDeleteSc. Everyone saying topped again
ReplyDeleteGreat call on TQQQ, getting crushed.
ReplyDeleteShorted uvxy at 35 again
ReplyDeleteI'm expecting a pop in the market into Friday maybe 3240 again
ReplyDeleteThis tqqq is an animal
ReplyDeleteCovered uvxy short 33.20
ReplyDeleteCovered gdx short
ReplyDeleteSc im expecting the market to take a hit after the 16th new recovery highs 3225 then 2950 and then a big rally into July 31 and then by Aug 20th 2700 at what point do u think
ReplyDeleteUvxy is hitting 19 or your 25 target?
I will be buying uvxy soon
ReplyDeleteIm looking for 3250 max then down to 3000
ReplyDeleteThank you Louis, your posts are always appreciated!
ReplyDeleteI just love to help people because I get it back 10 fold you welcome brother Or sister One people don't go by their real name I don't know if there a guy or a girl I don't mean any disrespect by it though
DeleteIs any body buying anything run it by me I wanna check it out
DeleteCCI (not CCL) and TSLA
Deletemoving into uvxy this week, maybe and next week
Ccl is carnival cruise
Deleteyou mean crown castle
DeleteCci is coming up against up trend line
Deletetos.mx/HZ7zFiF
Deleteit is also being supported by many trendlines.
Gush on the run congrats to sc
ReplyDeletebought uvxy 31.11
ReplyDeleteccl could pop here looks like its gonna break out
ReplyDeleteLouis will do that thanks
ReplyDeleteWas thinking about shorting overstock.
ReplyDeleteI would wait till tomorrow because I think we pop up tomorrow
DeleteLouis you think the top is in today or tommorow before a move to 3000 ?
ReplyDeleteThanks
Tomm
ReplyDeleteI'm looking for 3250 then 3000
ReplyDeleteThen a massive rally possible 3280
Then down in end of august 2700
So a good trading scenario for uvxy
ReplyDeleteWill be to scale into it then hold till it pops into july 23 then short uvxy for that massive rally
Then go long uvxy in beginning of August for a massive move up in uvxy because market could go down to 2700
Make sure you manage your risk properly
Im thinking that would be a good money making situation
Or you could trade other etfs
ReplyDeleteCruise ships top gainer list today!
ReplyDeleteReason is simple. One of the few reopening trades left. Capital thus flows into the trade.
DeleteSc do you still see spx reaching 3350 ?
ReplyDeleteYes, going back to the SPX chart blue resistance 3,360.
DeleteWe hit that August 17th.
SC, this is what you said in your blog post on June 11th:
Delete'Timing is suggesting heating up in later June, and into July 4th and July 15th then selloff into August 7th.'
Is that no longer valid?
We have dates in July then we have dates in August. Just a matter of narrowing the time frame
DeleteThanks sc. That helps
ReplyDeleteYes, SPX looks to be playing out according to the SPX chart.
ReplyDeleteUvxy not confirming drop today
ReplyDeleteSold GUSH $34.10.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSC, today is turn date and tomorrow is also a turn date? then the next one 24th?
ReplyDeleteToday and tomorrow then July 26th.
DeleteThanks, 26th is Sunday, so 27th?
DeleteCould be either Friday or Monday
DeleteDo you see a high or a low?
DeleteLouis... are you buying UVXY today?
ReplyDeleteWe seem to be it's some kind of weird pattern I wanna sit here
DeleteAnd wait we could go either way here
Bought uvxy 28.17
ReplyDeletebought uvxy 28.1
ReplyDeletewatch vix response at 25.65 area
ReplyDeleteif that fails, then 24.4
DeleteYANG was good for a pop.
ReplyDeleteSCJuly 6, 2020 at 6:54 PM
"Chinese gap up today was ridiculous. Eyeing a China short. YANG"
prob still good to test $30
DeleteSC what can we expect in the sp500 the 2 next weeks?
ReplyDeleteI'm still expecting some upside this week but we have turn day coming Friday 24th or Monday 27th.
DeleteFrom that timing SPX will selloff into August.
SC can you post some S&P 500 charts and dates for highs and lows. Thanks. Love your work!
ReplyDeleteYes! Things are about to get more interesting haha
DeleteThank you!!!
SC, what are your thoughts on uvxy? Still lower? This is the last week of the Fed $600 unemployment, earnings will be heating up, and fed buying is dwindling.
ReplyDeleteA little lower but yes timing is almost right.
DeleteI like where you are going with those thoughts.
DeleteShorted gdx at 39.80
ReplyDeleteBought more uvxy26.30
ReplyDeleteShorted more gdx 40.30
ReplyDeleteOK guys charts will be posted shortly!
ReplyDeleteBought more uvxy at 25.78
ReplyDeleteNew chart posted!
ReplyDelete