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Thursday, March 25, 2021

GUSH - Oil Bounce Soon

Oil shares have declined and that decline appears to be finishing. Crude is holding better today and that is a sign that the Oil sector is ready for a bounce. Daily

108 comments:

  1. How about a rally into April Fools Day? April 1st!

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  2. Great call on drip!
    Thank you!

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  3. Wow took a crazy gamble calls 387 March 26 calls viva Las Vegas lol

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  4. This comment has been removed by the author.

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  5. wow... news just hit they think an iranian missile hit an israeli vessel in the arabian sea...

    timing conincides with gush move up....

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    Replies
    1. Yup Israel gonna bomb their asses

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    2. Iran is not iraq or afghanistan... israel would get decimated without US backing in my opinion...

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  6. And Iranian middle hit their own vessel.

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  7. When it rains it gushes lol

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    Replies
    1. Iranian missile and ship blocking Suez Canal.

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    2. Yes I did trade GUSH in and out 4 times today with good profit, but it's still in a bottoming profile.

      There's still time to look for a swing entry.

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  8. Sold spx calls bought.1 dollar sold at 2 sold

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  9. sc,

    VIX ---looks low ---is it a buy yet?

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  10. Something is strange with this market that's sPX up, Dow Jones up and NASDAQ is lagging. Not making much sense.

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    Replies
    1. My thinking is Nasdaq has started its first innings of its bear market...

      Its the leading index so eventually the other indices will join once they top out...



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  11. UVXY still not oversold either on daily or weekly.

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  12. let see if oil roadmap correlates with stock indices. I think this bottom finding bear porn is not finished yet

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  13. By the way forgot to tell you I sold tqqq

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  14. lou,

    nice move on TQQQ---moonshot at the end of the day!

    Did you have your moon boots on?

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  15. sc,

    the Vix is in the 18's--are you expecting the 16 and 17--please advise?

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  16. sc,

    the Vix is in the 18's--are you expecting the 16 and 17--please advise?

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    1. VIX still hasn't quite hit 18 but it should soon.

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  17. Replies
    1. There's still another weak spot early April.

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  18. On Twitter I had stated that the market's next problem would come from China...

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  19. Now we see a Chinese fund has blown up. Banks got caught with margin calls.

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  20. Replies
    1. 500% since you mentioned it at 9 cents. Amazing

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    2. We are here on earth to pay it forward and help people anybody have any good stocks I would appreciate u share
      Anybody know etm I hear 20 plus
      Play a t your own risk
      Fll is another I'm looking at

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  21. Svra is getting active insiders buying

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  22. Some OTC plays, ATVK, COUV, CBBT

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  23. sc,

    Here comes the VIX capitulation-----how long does this last---2 or 3 weeks?

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  24. sc,

    Here comes the VIX capitulation-----how long does this last---2 or 3 weeks?

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    Replies
    1. Once VIX bottoms it'll bounce a few times before it runs. It's going to take time.

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  25. SC ... do you plan to hold GUSH through begining of APRIL's move downwards?

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    Replies
    1. Yes, first week of April looks good, after that is negative.

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  26. It was 3,853 and here we are approaching SPX 4,000.

    SCMarch 22, 2021 at 9:26 AM

    "SPX is choppy. It could test the 50 dma around 3,850 but yes it'll get a new high also."

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  27. Interesting to see what you think SC
    https://www.valuetrend.ca/indices-should-start-to-roll-over-by-early-may/

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    Replies
    1. I do think we are moving towards a top. The market likely has a few tricks to play first, but yes we are getting there.

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  28. sc,

    It takes time to bottom--I Understand that---normally 30 -60-90 Days ???


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  29. sc,

    I am guessing this capitulation ---will take most April and May----we may see Volatility in June and July!

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  30. A plan is in place for a very large volatility trade this year. Probably the largest trade of the year.

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  31. Well this sounds great! The vix gap is filling just like you said it would. I might be a little early to the party, buying uvxy at $7.

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  32. SC, could you perhaps give us some idea of the timing of all of this? When will the S&P 500 collapse in price and when will the VIX and UVXY start to move up?

    It feels endless with the never ending bullishness of the market. The DOW and the S&P 500 are ike the Energizer bunny on steroids. They just keep going.....and going......and going.....and going.......

    At least the Nasdaq seems to have peaked. It's a little reminiscent of the year 2000. The Dow peaked in Jan, the S&P 500 peaked in Feb and the Nasdaq peaked last in early March 2000 and then the stock market fell.

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    1. For Volatility there is a very specific plan. Certain events have to take place to set up.

      Hahaha I know it. Yes it does feel endless, however it will come to an end. That is where the Cycle becomes valuable in the timing.

      Even now $5 trillion has hardly budged this market. We saw a $20 Billion margin call last week in an up market. So you can imagine how quickly it will unravel in a down market. Without mentioning names the blows ups will become much larger.

      The Oil trading strategy is something just to pass the time while we wait. Believe me I have bigger fish to fry.

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  33. May in particular is vaccine month. I have plan for that. I think will be spectacular...

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  34. SC the vix break the 20 support

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  35. SPX 4,000!!! Bring out the April Fools party hats!

    SCMarch 25, 2021 at 7:37 AM

    "How about a rally into April Fools Day? April 1st!"

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  36. Congratulations on your calls! You've been on point! When do you anticipate vix capitulation? Is this it? How low do you see it going? Back to 10-11?

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    1. To truly capitulate the VIX we would need more of a splash than this.

      We have a few more Cycles to go.

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  37. SC.. are you out of gush yet or still waiting?
    SPX looks toppy here at least short term

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  38. sc,

    we have time before the volatility shows up---and the facts that you stated are true-- 5-trillion--very little movement--20 billion margin call --no results --it will have to be something much bigger--to top this market and turn the Market down--please keep us --up to date?

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    Replies
    1. You see people are oblivious to the risk. They don't even see it even though it is staring them in the face.

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  39. sc,

    I am guessing that you are speaking of a CREDIT RISK?

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  40. GUSH cleaning house! Woooooo

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  41. SC, The dollar is getting stronger against the euro, where do you see it for next weeks? 1.13 maybe?

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  42. sc,

    what could be worse than a credit or Bond Market collapse???

    War?

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  43. Happy April Fools! HAHAHAHA

    https://youtu.be/u-bWIkGa0QA

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  44. Sc can you explain how you come up with turn dates etc ?

    What methodology do you use for time ?

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    Replies
    1. Yes, in this case using a version of the Presidential Cycle posted on December 10th.

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  45. SC, what do you think about the percentage of stocks above the 150 day average? Getting very high don't you think?
    https://stockcharts.com/h-sc/ui?s=$SPXA150R

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    1. Great chart! I like that, thank you!

      Notice how it got oversold in March.

      Yes I do agree it's pricey, but actually even on this chart not yet overbought. We're getting there. We would want to be getting more cautious.

      Let's keep an eye on this.

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  46. The vix break the last year support, that say we didn't see the top

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  47. Had a look and showing up 1,370% since February 2020.

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  48. SC, dont you think the vix is going to 11?

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  49. sc,


    Everyone is wondering--the areas that you are looking for on the VIX--you should give them an area or tell them --it is up to the market--or ---you are waiting for certain events to cause a drop in the market--theses events are tied to the reopening of the economy--no-one-- knows when this will happen--and you guessing that there will be a problem with the re-opening. UVXY--will probably do a reverse split before a major move---I have a position between 5 to 7 and I am willing to wait for it to go higher. The vaccinations are doing well---I doubt the VIX will get down to 11 or 12--that means SPX will be above 5000 and the bond market will be destroyed ---negative yields!

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  50. Hey tommy u taking vaccine i mean the gene therapy

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  51. https://www.hotzehwc.com/2021/02/dr-hotze-on-the-dangers-of-the-covid-19-vaccine/

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  52. Bought between 7 and 8 cents๐Ÿ‘‰❗๐Ÿ‘ˆ

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  53. https://microcapdaily.com/88-energy-ltd-otcmkts-eeenf-drilling-the-merlin-1-harrier-1-oil-in-the-world-class-alaska-north-slope/131507/

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  54. SC,
    Is it time to buy or sell rig?

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    Replies
    1. OPEC wacked down Crude today. It'll probably bounce back a bit, but we are expecting a low first half of April. So we are looking for a high and decline next.

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