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Thursday, October 1, 2020

$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


110 comments:

  1. The list of embarrassments for the United States is growing long. This is a classic demise. It has reached the point when everyone can see the dysfunction which of course presents the opportunity for trading.

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  2. sc,

    are you calling a short term top here?

    Is that what you are saying?

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  3. Tommy market will have another day up to 3429

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  4. sc,

    Does this mean we should look at the UVXY now?

    or has the VIX top been moved out to a later date?

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    Replies
    1. Will post VIX chart next. Waiting to enter UVXY soon.

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    2. At what price are u looking to get in uvxy ?

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  5. VIX consolidation is almost complete.

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    Replies
    1. SC - Are you expecting VIX to spike to 50 into October 15th?

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    2. SC - SPX/VIX both up today - VIX getting ready to breakout soon?

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  6. for those who keep an open mind on anything astro this may interest, for those who think its rubbish maybe wait for the new moon on oct 16https://www.jessicaadams.com/2020/01/26/how-october-2020-brings-donald-down/

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    Replies
    1. thanks, Brian! I used to be skeptical re astrology, but I've seen it work too many times to discount it as rubbish, especially since discovering and studying and using Hindu Astrology, also known as Jyotish. I've also seen that Western astrology works, but it seems to be more dependent on the abilities--even intuition--of the astrologer. It will be interesting to see unfolds this month especially around the new moon. Good luck in the markets!

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    2. I have yet to read anything in the last 10 years regarding astrology to the markets that panned out....

      complete waste of time in my opinion...

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  7. SC, what do you mean about vix consolidation?
    The vix is going to 120 or 17?

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  8. SC

    VIX consolidation is almost complete.

    Please Clarify?

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  9. Replies
    1. Are you thinking to short $SPY at this level?

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  10. SC

    VIX consolidation is almost complete.

    Please Clarify?

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  11. will add some more in 19.90s

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  12. I’m still holding tqqq, my avg 127.3
    I think we can see 135-138

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  13. Hello Everyone. I have next turning date as 8th of October (by the looks of it can be local high, ES needs to continue closing daily above 3377).

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  14. Looks like 3420 to 3440 is coming
    Then down to 3297 looks right to me

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  15. SC

    VIX consolidation is almost complete.

    Please Clarify?

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  16. DXY and VIX about to give the markets a shock?

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    Replies
    1. DXY forming a round base - retesting neckline now...could get a deflationary shock if it rallies. VIX now up 3 days in a row with SPX...

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  17. rob,

    does that mean UVXY will go higher or lower???

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    Replies
    1. Should mean UVXY higher...rates turning higher as well. Could be multiple factors causing SPX to selloff soon once this rally is over.

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  18. https://northmantrader.com/2020/09/17/vix-uprising/

    This is in line with what SC is saying...

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    Replies
    1. DX/VIX ripping higher...Trump says no stimulus plan until after the election...this could be the reversal...

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    2. Gold could get hammered if the DX rallies here..

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  19. I’m out of tqqq 131.83. Will start adding sqqq in blocks.

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    Replies
    1. I’m in sqqq 23.38 1 block

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    2. UV XY does not make sense can anybody make sense of this piece of garbage let me know

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    3. No strong VIX trend either way equals certain UVXY decay

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  20. Uvxy is the biggest piece of shit
    Don't go nowhere

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  21. 3369 3389 3410 upside downside 3335 3316
    3297 i doubt we go lower than 3280
    These are the numbers approximately

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  22. A break below 3280 would bring
    3200 3180

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  23. To confirm the downside we need to close lower

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  24. sc,


    Vix consolidation --any thoughts

    when it will be completed????

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  25. SPX chart is starting to look like reverse head and shoulders

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  26. Jeff Huge has a big following ,ultimate low of 1740 snp ,....crickey. https://www.youtube.com/watch?v=OIphKOX_D-w

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  27. It's showtime! Ya gotta love this!!!

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  28. Replies
    1. We're getting ready for the show...

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    2. if you can't be clear just don't say things like,,, be ready for the show, you gonna love it,,,it's show time,,,please

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    3. Please do SC, the market action as of late has not been nice, so if it can help make more sense.

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    4. SC - is the VIX 50 still the target into the election?

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  29. Sit and watch shorted more tqqq 136

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  30. Im thinking a drop first maybe 3340
    Then up or we could go straight up

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  31. @WallStJesus 18m
    SWEEPERS DO SOME SHOPPING IN $UVXY CALLS TODAY, PREPARATION FOR AN ELECTION DEBACLE ..

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  32. You notice everything is embarrassing for United States as if a black cloud is hanging overhead. Whether it be the debate between Trump and Biden, the fly on Pence's head or the orange fruit mask Pelosi is wearing.

    Yes it is a show, a spectacle.

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    Replies
    1. It will, of course, go too far and this will become important later.

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  33. Low and behold our oil stock position GUSH is in the green.

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  34. SC whats your buy price target for uvxy?

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  35. I think SC mentioned a uvxy target of $10 a few days ago.

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  36. $13 is a lucky number for UVXY

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  37. sc,

    this short term projection?

    less than 30 days!

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  38. SC, are you still expecting VIX 50 before the election?

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    Replies
    1. First we need to see UVXY bottom. Then we will see about timing. It is coming.

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  39. SC what would be the upside target after 13? 25ish?

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  40. Dow is heading to new highs....vagueness in all your predictions is because your guess is as good as anybody

    you need to check yourself before you wreck yourself.....

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  41. what ever happened to be carefull

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  42. Believe me I see exactly what is about to happen. The charts are ready and will be posted. These moves are extremely profitable. Including the elephant in the room.

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    Replies
    1. Great, allways look forward SC, hopefully not too much more of a wait.

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  43. Whos the elephant lol
    Shorted more 137.81

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