Finding the edge in analyzing unique market Cycles.
Very bullish chart!I am expecting KODK to open one day at $15 and run into the $20's.
The reason is that the government is likely to say that they intend to continue in their deal with Kodak.Kodak has a government deal to produce drug ingredients. Currently many of these chemicals are imported from China, and the United States wants to produce these compounds domestically.
Time to start building a position again...
Spx September 25 28 gap has to be filled 3306
Sold out of my third batch for a cheap bottle of wine. sp 3398 from 3378 yesterday. I still have my other 2 positions, under water from sp 3444
Its ok markets will be alot higher by nov 18 maybe 3600
Unfortunately this trade is going to take a little longer to play out. Dinner is on me Louis here in Vancouver Canada, if we make it up to the 3600 level. LOL
Shorted tqqq 137
Louis, you may want to check out Ryan Detrick twitter acct. Oct 28th is the most bullish day of the year since 1950 A .54 % plus day.
Bro made 38 points on tqqq
They need to check me out
Every-time they try to cup this up.they crash ---Monday---showed us that-wait for the reversal--you will see it clearly!
Markets not going lower then 3306When trump gets in we will be 3600
Its always nice to see a trader take money from the corrupt. ( Algoes )ect.
Markets don't like change
And change aint coming
Spy gap 329.58 needs to be filled
Looks like a big drop could come maybe 3200 to 3250 areas
Covered short in tqqq 131and change
The handle failed and the short term trends have turned downThe 200 day M/A looks possible.The September lows --could be seen soon--Protection is key here.sc-Uvxy is flying --any comment?
1 point is flying tommy u to funnyUd be lucky to get 21 in this garbage
Even if spx drops 100 handles Uvxy dont move
hey16.5 to 21 in four days is not a bad move.my question to SC is 25 to 30 doable?
or should I start accumulating Gush in the 19.50
Bought tqqq 129
Bought more tqqq at 127.30
Bought more at 125.20
Cnbc a buch of frigging losers
3306 coming fast
We break that 3285 gonna go big
Im expecting g a large rally
Bought more tqqq124.25
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Shorted uvxy 22.40
Bought udow at69.35
Cnbc the biggest piece of shit chanel all these losers got is a virus
Your mouth to Gods earsbut it sounds good!
Tommy big rally coming fuck themOn cnbc 3400 coming
Bought more tqqq at 123
Uvxy is about to get slammed in face
I noticed earlier this month that SPX was mimicking the 1987 October high. Right before the crash.It did confirm. Same type of top and now dropping with same type of plunge. However, I don't believe it will crash this time. Yes, 3,100's to be tested.
When trump wins by a land slideMarkets will rip higher
sc,That was something you should have warned us back in beginning of the month!
I did warn about volatility though.
The weekly 50 is at 3,139. The 200 daily is 3,129.Interesting that they are both basically the same price.
Thats not happening this week
Halloween is coming! All the scary dates this year have scary drops.
It's just amazing out all the jerk offs On CNBC And talk bad about the market
sc,Please give us some type of time line here?
SPX should see a little bounce and then down about 10 days or so.The 1987 drop was fast. So this should also be a fast plunge.
I don't think it's too late to get into volatility because volatility spikes as SPX gets close to a bottom. There is still probably good upside for UVXY. $30 maybe $35.What I think is we should wait and look to enter UVXY around $20. The 50 ma for UVXY is $20.16. Backtest that would be a good entry.
good call.. I exited my uvxy which I was bag holding from 19.50 for a little while.. at 22will re-enter at around the 20s mark if it gets down there
Nicely done Sami! I was thinking $13 for the low but $16 was all it could do. That's fine. We now have a confirmation. Let's look to enter UVXY in $20's.
sc,So your saying the top is in for the year!
I just see this as a quick volatility move. Election fears. Even just yesterday a guy was telling me about a "civil war" that was about to erupt. People are scared about this Election.
Civil war is a pretty strong language. I of course tried to reason with him lolFear is not a rational phenomenon.
Remember our VIX target is 50. VIX hit 40 today which has surpassed the September high. Higher high and VIX daily looks good. VIX already justifies a higher UVXY.
VIX higher highs and higher lows since August.
Will spx make higher high
Yes because even as I have been warning of volatility I am also well aware that volatility has actually been getting more and more overbought since about May.So while the fear is palpable for the Election it will also get overdone and unwind quickly.
Bought starter position UVXY $21.55.
We saw Vix, uvxy and Spx rise together not to long ago. Maybe this happens again?
"(CNN)Zeta strengthened back into a hurricane early Wednesday as it approached the US Gulf Coast, ferrying life-threatening storm surge and strong winds toward places already pummeled over this historic storm season."
Hurricane about to make landfall. Historic storm season.
Watch spy if it closes here it goes to 300-280
Recap we have 1987 October topping pattern in play. Hurricane making landfall. Halloween on Saturday. Election on Tuesday. And people warning about civil war!UVXY!!!
SC your strategy makes no sense whatsoever to me walk down 3% and then you want to jump into uVXY You could have been up six bucks
I understand but actually rather than trying to bottom tick UVXY, really it is better strategy I have learned over the years to wait for UVXY to confirm a turn up and then enter as it is rising. This is because fear spikes after SPX is already down and moving towards a low.UVXY looks to have good upside into $30's.
"DAX plunges over 4% to lead the sell-off in Europe as Germany, France weigh lockdowns"
There a bunch of Fruitcakes in Europe
I agree but it's the threat of lockdowns that scare people.
Covered uvxy at 21.80
Shorted uvxy at 22.11
Bought more udow at 68.10 I do not look at hurricanes or viruses to tell me what to do with my portfolios
Shorted more tqqq at 122.30
Bought more tqqqq 122.30 lol
Listen guys. Go look at 1987 October topping pattern and compare to current SPX.It has confirmed and very bearish short term. SPX is going to drop like sack of lead going over a waterfall.
SC, what is the target in the sp500 for this drop?
The weekly 50 is at 3,139. The 200 daily is 3,129 SPX.
And after new ath?
200 down or so for SPX.
Thanks SC, do you have a date for the new ath?
Nov 18 to 20 spx will be over 3600
Watching December 7th and December 15th turn dates.
One thing is certain, and this date is important regardless of the outcome of the Election. January 20, 2021."With so much unclear about the upcoming presidential election, it’s nice to know that there is one absolute certainty.Mail-in ballots may take a long time to count. Many states will have recounts, either statewide or in specific areas. President Donald Trump has signaled he may not like the outcome – and it remains to be seen if he or others will accept the result.As a historian who has taught and written about the Constitution for over 40 years, however, I know that one thing is certain. President Trump’s term will end at noon on Jan. 20, 2021. At that same instant, either he will begin a second term, or the country will have a new chief executive."
Thanks SC, a last question :), you said a spike of vix ( 80 o more) in February 2021, with spx below March, is it right?
VIX rising to 170 to test 1987 high, but that is over years.
Well let's wait and let things unfold. I have have a plan for next year and see a historic move coming... I haven't said anything about that elephant yet.
What a horrible waste of money for absolutely nothing in a failing system!!! This while in a pandemic with record job losses. My God!!! 16 billion buys an enormous amount of food. Is it any wonder there are riots?!!"Total 2020 election spending to hit nearly $14 billion, more than double 2016′s total"
Maybe we had better raise the target UVXY $40 to $45.
Shorted more uvxy at 22.70
It hits 40 i will short 1 million worth
UVXY has a little gap at $24.
your expecting alot of bad things in the short term
There were 60k put spread for vix feb and March. It was 17/21
Hah astrology don't work ,neva seen it work in all my years , load o rubbish,hang a min didn't she say watch the new moon in Oct and bad things happen Oct 21 to 28, goddamm it
she only gave 9 months notice as well , need at least 3 years to be useful , chicken entrails
Bought KODK $7.25.
are you joking about this--astrology---chicken entrails--this will raise the market tomorrow----amazon's numbers--after that downtrend may continue
aussie sarcasm knows no bounds
KODK does have a gap in the $6 which if it gets there I'll add.
SC, if the market goes lower tomorrow, don’t you think kodk will be a lot cheaper?
It could see a little lower in short term, but the weekly is very strong. I want to own some at least now.
KODK can move independently of the market also. It had a very good September whereas September was a down month for the market.But it is not oversold yet either. Could still get cheaper.
DOW still a dog haha. Told ya the DOW picking committee only good at buying high and selling low. DOW testing the September low already.
There's gap on the DOW 24,000.
bought more tqqq at 120.15
sell again snp 3333
Another number to watch UVXY 50 weekly $27.89.
Happy Halloween 🎃 https://youtu.be/5wg1JltwHwY
SC:in i have understand well: 1) 3120 target S&p500 .. during november, or 7 and 15 december..2) then new high into 2021 i suppose.. is this your view?many thanks
I'll post the SPX chart soon. Thank you
our biggest up filled gap on the spx is on 5/18 near 2900I dont see this happening
our biggest un-filled gap on the spx is on 5/18 near 2900I dont see this happening
Levels based on Cramer tech fav person, Sept 9, 2020. The levels are3660/3700, 3280, 3185, 3050, 2750
Cramer a big asshole he was telling people your gonna feel sorry for not buying market last week
Covered uvxy short at 21.44
in first batch of UVXY at 20.75
sami---looking 19.50 to 20---the gap
that would be another place for another batch yes.. although I don't think the market makers are going to let the average person get the fills they want.. they might run it up from these levels
which is why I am scaling in.
sam-if it get gets down to 20 by tomorrow---weekly hammer and we should see a nice pop in it next weekthats the plan!
the DOW is down over 1800 points this week we are having a hard time getting up 150 points today!regardless it will be volatile the next 2 weeks
sc,i have seen on the board today---are you planning on averaging in on the UVXY?
sc,I have not seen on the board today---are you planning on averaging in on the UVXY?
Louis, nice calls on tqqq!
Glad u made money
Bought UVXY $20.10.
sc,I see 30 not much higher ---will wait and see?
I like the weekly chart. Looks positive for UVXY. To start with a UVXY target of $26 would be just under the 50 weekly $27.83.
I like this trade in the short term. Let’s see how it goes
If Biden---wins ---i will hold it!I don't think that will happen!
up or down ????
shop down 51.00 on a up day with good results.Any thoughts?
SOLD 1/2 at 21.79 AH...will rebuy the half at 21.20s or lower tommorow or if there is a big gap up will figure it out from there...
uvxy that is
good--- I need a little higher than that
next week will be volatile
Vix is subdued it should be alot higher something is wrong with it
sc,kodak--are you averaging in????
rebought the other half I sold yesterday at 20.97
Yes I added KODK $6.90. I buy it in a pyramid. The lower it gets the more I buy.
I picked some today because it's month end and the SPX selloff pushing the price down.
There's room for KODK to come lower but with time the 50 weekly is rising aggressively and will pressure it to the upside.
guys,a close below Spx 3298---is not goodHave a good weekend
What are u smoking crack of elides ass and kendall lol tommy hahaha
Three trillion of Chinese bids?!"Ant's record-breaking IPO attracts $3 trillion in retail-investor bids"
They valued ANT at 3 trillion dollars?
No the $34 billion IPO was oversubscribed $3 trillion.ANT valued at about $313 billion.
Look at this leverage! “I’m all in with Ant,” said Joe Chang, a manager at an e-commerce company in Shenzhen who placed an order in Hong Kong because he feared coming up dry in Shanghai. He said he used all the funds in his Hong Kong brokerage account, equivalent to about $52,000, to secure a 95% margin loan and place a roughly $1 million order. He sees a good chance of getting shares by placing a comparatively large order."
LOL....so once they go public .. the chinese are going to bid it up to the moon in the open market no?they do like to gamble a lot...
It'll be a wild IPO. That leverage, like a knife, cuts both ways...
Dumped 2/3 at 22.09bought 1/3 of it back at 21.34
I seen a transport truck full of investors at 3:45 jump out the back and load up,holding over the weekend.They don't even try to hide it anymore. SEC "Secured Everything let you guess what the C stands for.
yeah,short covering --only done on DJII still think next week will be volatile!
SC what do you think about vix?
VIX does have a higher high from September.I'll update the VIX charts.
3333 ,God just gets lazy and uses the same numbers over and over ,666 in 2009
London,The magic bus closes to December
SPX hit a symmetrical triangle support which is why it's making this bounce.
SC what levels do you expect to go for the lows in the next week?
the market almost(DOW) up 500 pointsuvxy is down $1---there is still more volatility to come!be patient--we could rise 1000 points here and UVXY could go up!
The market is up into the election!
sc,are you waiting for Uvxy--to 19 or 16.50 to buy more?
Tommy what are u smoking them Annistte cigars
""This Is Huge": World's Biggest IPO Trades 50% Higher In Gray Market After $3 Trillion In Retail Orders"https://www.zerohedge.com/markets/huge-worlds-biggest-ipo-trades-50-higher-gray-market-after-3-trillion-retail-orders
Sold udow 72.50
Sitting 100 percent in cash
sc,are you averaging in on the uvxy-----looks cheap here?
SC we are waiting for the vix chart
Shorted tqqq 126
Vix looks like it could drop to 27
Hourly chart has a gap oct 26
Hahahaha"Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended."
Bought some uvxy 19.50
there are a tremendous amount of vix puts being purchased!
they were doing the same before that massive move up on uvxy....something to think about.... they'll have to cover if it goes the other way which would be a huge squeeze
Covered tqqq short 123.90
New chart posted!