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Saturday, February 13, 2021

UVXY - Stand Back and Standby!

UVXY mysteriously fell minutes before the close on Thursday. On Friday it lost the long term blue support. UVXY is likely to fall precipitously into month end. 2hour and daily

77 comments:

  1. "McConnell votes for acquittal, but then says there’s ‘no question’ Trump is responsible for riot"

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  2. McConnell talking out both sides of his head!

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  3. Hysterical - these idiots! Government everywhere losing their minds.

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  4. sc,

    Thank You,---for the chart on UVXY!
    If the UVXY breaks 9- Will we see 5 to 6 bucks---Makes sense!

    The american public ---just paid for another soap Opera for Impeachment process---great publicity

    Let's move past this --the Government---just made him the most important man in our times!

    The Government should worry about jobs and long Term unemployment--Let's see what they do from hear!

    With hope they will pick up the ball and get back into the Game!

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  5. Yes! Not only that but the pandemic!!

    Incredible watching the speaker calling for Order while wearing a mask!

    "The Government should worry about jobs and long Term unemployment"

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  6. UVXY has retraced the entire pandemic move from March VIX 80.

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  7. We can see how important this blue line is for UVXY.

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  8. I haven't been very active in volatility since making the big profits in March from my Friday the 13th trade. Only Scalp trades. You can see why.

    Well the time is approaching to get active in volatility.

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  9. Did anyone notice yesterday was the 13th when they made the announcement?

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  10. It's been 10 years since I founded this website. That is also the inception year for UVXY.

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  11. sc,

    I remember when you started the website--congratulations!

    I am guessing you are expecting a-lot of volatility this year?

    Please keep us informed of the moves!

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    Replies
    1. VIX last year tested the 2008 crash highs. Nothing is moving bigger than volatility.

      Thank you!

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  12. SC... if we're going to see a dramatic drop of uvxy in that format... almost another 50% from here.. does that mean S&P 500 is about to go parabolic up?

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    Replies
    1. I don't think so because SPY short interest is only 2%. There's no fuel there.

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    2. SPX looks like it'll try to test 4,000 at month end.

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  13. We have timing coming up at month end. SPX to rise until then. Let's plan to enter DRIP at month-end or early in March.

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  14. sc,

    I do see Spx 4000 to 4100
    our politics are more like actors on soap operas--our politicians are soon looking to leak their secrets--just to get into the lime-light. nothing good- ever comes from this and Unemployment increases with very little vaccinating being accomplished--that should be the governments main concern.

    the fat lady is warming up!

    Lets see what Happens?

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  15. Joe Biden - President of USA...

    https://youtu.be/_f2Z30j61aw

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  16. Bite me is a known plagiarizer😂😂🤣🤣

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    Replies
    1. 🤣😂😂😂🤦‍♂️

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    2. Interesting also to watch the media in this video. A huge difference back then.

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  17. sc,

    Politics never changes ---dirty business!

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  18. SC what is your view on Silver price?

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    Replies
    1. Silver in short term slow crawl higher then settle down again. I'll post a chart. It does look to be building a base in the $20's. Not very impressive right now.

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  19. Oil making a good pop higher! They blamed it on the weather. Nice try.

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    Replies
    1. This is starting to move our energy charts overbought as anticipated.

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  20. 3200 is my first target for sp, after that rebound to 3500 and down to 2400 for summer

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  21. sc,

    I know you are expecting SPX 4000 at the end of the Month

    DRIP is cheap ---is this the accumulation area?

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    Replies
    1. Keep on buying at the top the rug will be pulled out soon

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    2. DRIP come down a little more. I plan to load later in the month.

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    3. Tom Dunn just sent you a chart on tqqq

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  22. Maybe Feb 19 top then a big drop
    That would be a buy for final top?

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  23. Expecting the selloff to start middle of March. That is the opposite of last year.

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    Replies
    1. In other words last year the market fell into March low and this year it is rising into March high.

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    2. Yes I thought Feb 19 but March would be good 2

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  24. Sc when expect top, middle of march

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    Replies
    1. Expect the high around the end of February churn until middle of March and then drop. March and first half of April bearish.

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  25. Feb 21 is the top. I agree with Louis.

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  26. The $1400 check will be released around mid March. Then the stock market will go up again. SC, what's your thoughts for the stimulus check timeline and UVXY? That's why I am expecting some drop in Feb- early March.

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    Replies
    1. The unemployment programs expire on March 14th so we'll see if they come up with a plan in time. I doubt it. Expect it will expire.

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    2. UVXY isn't doing much currently. I might look at it in March.

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  27. SC, your target for sp in April?, I see 3200 around sma200 daily

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    Replies
    1. I don't see this is too serious yet. 3,700 SPX.

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    2. I'm planning energy sector short swing. It's making nice moves.

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    3. Do you have target for crude oil for next weeks ?

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    4. Crude oil is near a high and downside target $52 maybe $50.

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  28. 3700 is a big drop to make nice money

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  29. Covering tqqq at 3900 support
    I'm thinking a pop into Feb 19?

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  30. Currently it's a tough market to short for several reasons. First stimulus, second the GDP number is going to be large, and third the short squeezes with retail investors coming into the market.

    All of these are short term factors. This is why we have to have patience and be nimble In this environment.

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    Replies
    1. It's a trader's market for now.

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    2. The time will come to get serious about shorting but we have to get beyond this.

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  31. Carnival spiking today. We're still in a reopening...

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  32. DRIP still in doghouse. It hit gap resistance 3 times now and failed. Soon though....

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  33. opex friday should mark top, they have to sell the 1.9 trillion so expect a drop to get fear as part of that sell, also expect a mass shooting to help them get eyeballs on their gun legislation, thanks for voting in Hitler Sheep of the left

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  34. honestcreditguy---7 shoot in Philadelphia---that didn't take long!

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  35. OPEX looking more like a low it seems

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  36. UVXY has hardly moved with VIX up 3 days.

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  37. sc,

    sold a little this morning--if it comes down --i will buy back!

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    Replies
    1. Nice job. It's early. March timing looks good.

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  38. sc,

    something is clearly wrong with UVXY!

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    Replies
    1. We're in a vacuum with little volatility currently. UVXY still has a lot of downside. It's coming down slowly though for now.

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  39. sc,

    do you think DRIP has bottomed???

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    Replies
    1. Not yet as I will explain in the next post.

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