The top is between now and SPX 4022---top of the channel--to we get up there ----nobody knows--the future ----best we can do is Educated Guess---we should pull back ---from 3/3 to today --steep upward trend---this is normally followed by a pull back!
For Bitcoin lovers lol. Reason for the trade is simple. Bitcoin made a fresh high in March but RIOT hasn't done it yet. So RIOT seems cheap relative to where Bitcoin already is.
Same logic I used to identify the recent RIG trade...
SC, you mentioned a while back about high oil prices pressuring SPX. I’m assuming with your recent drip trade, we will also see Spx now move up freely?
Yes and there are issues without a doubt. Having said that the future is mostly about the company's transition into pharmaceuticals. So let's see as it develops.
Bought DRIP $10.45.
ReplyDeleteSC
ReplyDeletebought both UVXY and DRIP
This don't make sense ---not to buy both --should Be 50points away from a top --probably followed by a pull back---leaving some powder to average in
Yes just starting to play. Keeping some dry powder.
Deletesc,
ReplyDeletenow Kendall and Demark -- have SPX 4009--Both have the same number----the end of March and being of April --should be an experience to see!
Month end does look interesting for timing SPX and VIX.
DeleteWhat do you mean? A low in sp for end of March?
DeleteFirst half of April looks bearish
DeleteYes but is that the big drop or your expecting big drop in august
DeleteNot the big one
DeleteDRIP update posted to twitter. @Cyclicalanalyst
ReplyDeletecharles--
ReplyDeleteThe top is between now and SPX 4022---top of the channel--to we get up there ----nobody knows--the future ----best we can do is Educated Guess---we should pull back ---from 3/3 to today --steep upward trend---this is normally followed by a pull back!
Sc what is price target on drip
ReplyDeleteDRIP I think is up into April. $14 to start in March a pullback and up to $16 in April.
DeleteSC do you think vix will see 50 this year?
ReplyDeleteMarkets gonna drop big in summer
DeleteOr September that drop could be
35 to 40 percent
In coming years VIX will be massive. For this year there will be large swings in VIX and fast.
DeleteStarting to look at those charts Sami
Deletesc,
ReplyDeleteI know a day does not make a difference --a sell off into the fed meeting is always expected
Long drip
ReplyDeleteDRIP held it's own today considering Oil bounced in the morning. Oil dives it's game on.
ReplyDeleteLet's go Giddy up
DeleteI did buy some RIOT after the FED. It perked up and I see it as a stimulus trade.
ReplyDeleteI think it'll likely see a higher high over $80.
DeleteFor Bitcoin lovers lol. Reason for the trade is simple. Bitcoin made a fresh high in March but RIOT hasn't done it yet. So RIOT seems cheap relative to where Bitcoin already is.
DeleteSame logic I used to identify the recent RIG trade...
sc
ReplyDeleteuvxy at 6.60----any buys yet
Not interested yet, but I am watching.
DeleteWhat is looking more interesting about UVXY is that finally it is dropping with very small moves in SPX. Capitulation.
Deletesc,
ReplyDeleteThis is a process---I know that now---when this is finally bottomed ---the SPX ---will have topped---Correct?
Yes exactly it's a process. UVXY is coming down on very small incremental moves in SPX. Yes they should line up closely.
Deletesc-
ReplyDelete-whether long term or short term--that will be determined in the future!
Sc are you buying back kodk ?
ReplyDeletesami--
ReplyDeletecloser to 7 bucks!
I had bought the KODK for a technical bounce and took profits.
DeleteNow I'm undecided about it. I keep an eye but I think there are higher priorities coming forward.
SC, you mentioned a while back about high oil prices pressuring SPX. I’m assuming with your recent drip trade, we will also see Spx now move up freely?
ReplyDeleteOn the way up above $60 SPX and Oil were moving inversely. Below $60 they were correlated.
DeleteI took profit on RIOT.
ReplyDeleteOIL down for fifth consecutive day
ReplyDeleteLong tqqq premarket
ReplyDeletesc,
ReplyDeleteI am accumulating sept calls on UVXY---
I still think we will hit SPX--4009---
They are just too cheap to say NO!
UVXY---whether it bottoms at 5 or 6 short term ---will not make much of a difference for a September call to purchase at these low costs
ReplyDeleteJesus ... nice call on drip SC....
ReplyDeleteyou've been on fire lately...
Hahahaha I like the chop! This is my favorite market type lol.
DeleteThank you!
The contango on vix futures is whats killing uvxy mostly...
ReplyDeleteYes definitely
DeleteSammy KODK to me is searching for a level to find it's footing. Let's wait as it settles.
DeleteHorrible earnings call on Kodk...
DeleteIt might have changed the longer term technicals
Yes and there are issues without a doubt. Having said that the future is mostly about the company's transition into pharmaceuticals. So let's see as it develops.
DeleteDRIP continues to look good. We have a clear breakout of the wedge.
ReplyDeleteCrude plunging!
ReplyDeleteSCMarch 16, 2021 at 1:03 PM
"DRIP held it's own today considering Oil bounced in the morning. Oil dives it's game on."
Great call, thank you SC
Deletesc,
ReplyDeleteHas anyone looked at the charts --if we break through SPX 3900 again?
we are getting close to that?
we
Sc
ReplyDeleteCan you share you s&p 500 model ... what we should expect in the next year ?
The model is still positive. SPX higher but with pullbacks.
DeleteWhen does it turn south?
DeleteSPX is still rising but it is also becoming more unstable with each year as VIX is preparing to run to 170 in coming years.
DeleteThis year SPX is choppy. The addition of Tesla in December is one of the factors that makes SPX more volatile.
DeleteSami,
ReplyDeleteno one can share model with you --it is always changing --computer algorithm ---it can be changed and altered by the head bankers.
Best we can do is an educated guess!
Long svra
ReplyDeleteBought more tqqq
DeleteLong ubx
ReplyDeleteInsider buying svra
ReplyDeletesc,
ReplyDeleteHas anyone looked at the charts --if we break through SPX 3900 again?
we are getting close to that?
This comment has been removed by the author.
DeleteSpx 4000 plus
Deleteok
ReplyDeletesc,
ReplyDeleteany updates?
Last week DRIP formed a reversal pattern on the weekly. DRIP has consolidated for several days and likely to continue higher this week.
Deletesc,
ReplyDeleteyou see new highs on SPX into the end of the month?
SPX is choppy. It could test the 50 dma around 3,850 but yes it'll get a new high also.
DeleteFinancials are down today. That's a red flag for this week.
ReplyDeletesc,
ReplyDeleteVix is in a bottoming position--are you expecting the VIX to stay below 20 for a while correct?
VIX is bottoming but that could take a few months.
DeleteVIX---looks like 15 to 16???
ReplyDelete18 is where the gap is and so it may bounce at that level, but yes that is possible.
DeleteSold tqqq
ReplyDeletesc,
ReplyDeleteLooks like sideways trading--two days of testimonies
--small volatility and then up
Yes the Oil drop should benefit SPX as it gets factored in and of course stimulus checks coming tomorrow.
DeleteOnce again Financials gave a good signal yesterday and we see some sellers today.
ReplyDeleteOil took another leg down overnight. DRIP very nice gains!
ReplyDeleteAre you waiting on 14 to cash out of drip sc ?
ReplyDeleteAlways exit early in a choppy market. GUSH is already near the 50 dma so we're getting close.
DeleteOil tanked again!
DeleteDo you have an exit price target for Drip?
DeletePretty soon maybe tomorrow
DeleteBetter make the money while taxes are low... They are coming for your money!
ReplyDelete"Wealth tax, estate tax, capital gains"
SC,
ReplyDeleteI know the Vix is bottoming --are you expecting a move to VIX 50 or better sometime this year (late summer or winter season) ???
Once it bottoms yes it's going to spike.
Deletesc,
ReplyDeleteIt is going to be hard to identify a bottom--manipulation is all over the place.
is there a time frame??
or is that too much to ask?
It's a capitulation so it'll be obvious when it happens. I was thinking May/June. We'll see
DeleteWhat a close! DRIP!!!
ReplyDeletethanks!
ReplyDeletenice move!
ReplyDeleteCrude making a bounce overnight but still expect lower lows. Not a lot lower in March. Definitely in April.
ReplyDelete20 week channel busting on crude
DeleteLooking bearish
Long tqqq 86.98
ReplyDeleteI'm looking for strong bounce into friday
ReplyDeletekodak,
ReplyDeleteBack at 7.5---there is a option play here???
I've been thinking about whether it's worth doing something there. I'm going to look at it in detail today.
DeleteXBI pointing towards 95, not all at once...
ReplyDeleteAh excellent!
DeleteLong tqqq 83.60
ReplyDeleteSold DRIP $13.10.
ReplyDeleteat what price do you plan to buy back in SC?
DeleteThanks
I'm looking at GUSH entry soon. Chart is posted. DRIP reenter in the $10.
DeleteI see Crude is holding higher than Tuesday's low. That is good reason to exit DRIP.
ReplyDeleteNew chart posted!
ReplyDelete