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
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?
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.
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.
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.
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.
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
Trump Acquitted!!!
ReplyDeleteVery good new, Trump is the best, I love him
Delete"McConnell votes for acquittal, but then says there’s ‘no question’ Trump is responsible for riot"
ReplyDeleteMcConnell talking out both sides of his head!
ReplyDeleteHysterical - these idiots! Government everywhere losing their minds.
ReplyDeleteHaHaHaHaHaHaHa
ReplyDeletesc,
ReplyDeleteThank 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!
Yes! Not only that but the pandemic!!
ReplyDeleteIncredible watching the speaker calling for Order while wearing a mask!
"The Government should worry about jobs and long Term unemployment"
UVXY has retraced the entire pandemic move from March VIX 80.
ReplyDeleteWe can see how important this blue line is for UVXY.
ReplyDeleteI 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.
ReplyDeleteWell the time is approaching to get active in volatility.
Did anyone notice yesterday was the 13th when they made the announcement?
ReplyDeleteIt's been 10 years since I founded this website. That is also the inception year for UVXY.
ReplyDelete🥳🥳🙏🏻
Deletesc,
ReplyDeleteI 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!
VIX last year tested the 2008 crash highs. Nothing is moving bigger than volatility.
DeleteThank you!
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?
ReplyDeleteI don't think so because SPY short interest is only 2%. There's no fuel there.
DeleteSPX looks like it'll try to test 4,000 at month end.
DeleteWe 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.
ReplyDeletesc,
ReplyDeleteI 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?
Joe Biden - President of USA...
ReplyDeletehttps://youtu.be/_f2Z30j61aw
Bite me is a known plagiarizer😂😂🤣🤣
ReplyDelete🤣😂😂😂🤦♂️
DeleteInteresting also to watch the media in this video. A huge difference back then.
Deletesc,
ReplyDeletePolitics never changes ---dirty business!
SC what is your view on Silver price?
ReplyDeleteSilver 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.
DeleteOil making a good pop higher! They blamed it on the weather. Nice try.
ReplyDeleteThis is starting to move our energy charts overbought as anticipated.
Delete3200 is my first target for sp, after that rebound to 3500 and down to 2400 for summer
ReplyDeletesc,
ReplyDeleteI know you are expecting SPX 4000 at the end of the Month
DRIP is cheap ---is this the accumulation area?
Keep on buying at the top the rug will be pulled out soon
DeleteDRIP come down a little more. I plan to load later in the month.
DeleteYes Louis, it's pricey
DeleteTom Dunn just sent you a chart on tqqq
DeleteMaybe Feb 19 top then a big drop
ReplyDeleteThat would be a buy for final top?
Expecting the selloff to start middle of March. That is the opposite of last year.
ReplyDeleteIn other words last year the market fell into March low and this year it is rising into March high.
DeleteYes I thought Feb 19 but March would be good 2
DeleteSc when expect top, middle of march
ReplyDeleteExpect the high around the end of February churn until middle of March and then drop. March and first half of April bearish.
DeleteFeb 21 is the top. I agree with Louis.
ReplyDeleteThe $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.
ReplyDeleteThe 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.
DeleteUVXY isn't doing much currently. I might look at it in March.
DeleteSC, your target for sp in April?, I see 3200 around sma200 daily
ReplyDeleteI don't see this is too serious yet. 3,700 SPX.
DeleteI'm planning energy sector short swing. It's making nice moves.
DeleteDo you have target for crude oil for next weeks ?
DeleteCrude oil is near a high and downside target $52 maybe $50.
Delete3700 is a big drop to make nice money
ReplyDeleteExactly yes
DeleteCovering tqqq at 3900 support
ReplyDeleteI'm thinking a pop into Feb 19?
And after 3700 new ath ?
ReplyDeleteCovered tqqq 105.25
ReplyDeleteWe should bounce off 3900
ReplyDeleteCurrently 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.
ReplyDeleteAll of these are short term factors. This is why we have to have patience and be nimble In this environment.
It's a trader's market for now.
DeleteThe time will come to get serious about shorting but we have to get beyond this.
DeleteCarnival spiking today. We're still in a reopening...
ReplyDeleteDRIP still in doghouse. It hit gap resistance 3 times now and failed. Soon though....
ReplyDeleteopex 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
ReplyDeleteYup
DeleteHe'll be gone soon enough. That's when it gets interesting...
Deletehonestcreditguy---7 shoot in Philadelphia---that didn't take long!
ReplyDeleteOPEX looking more like a low it seems
ReplyDeleteGamestop gapping up lol
ReplyDeleteUVXY has hardly moved with VIX up 3 days.
ReplyDeleteDRIP filled gap.
ReplyDeletesc,
ReplyDeletesold a little this morning--if it comes down --i will buy back!
Nice job. It's early. March timing looks good.
Deletesc,
ReplyDeletesomething is clearly wrong with UVXY!
We're in a vacuum with little volatility currently. UVXY still has a lot of downside. It's coming down slowly though for now.
Deletesc,
ReplyDeletedo you think DRIP has bottomed???
Not yet as I will explain in the next post.
DeleteNew chart posted!
ReplyDelete